Scam Alert – Members beware – Telephone and Text Scams
Credit unions continue to report that members are receiving phone calls indicating their credit/debit card will be or has been deactivated due to inactivity or for other various reasons. The person making the call requests card data or personal information to verify ownership of the account before the card can be re-activated. These phone calls are fraudulent and members should be advised to hang up immediately.
If a member has already received a message and has given out account or personal information, they should be instructed to contact you immediately and their account should be closely monitored to look for any fraudulent or suspicious activity.
It has also been reported that members are receiving text messages which state that their debit or credit card has been deactivated. They are then asked to call a specific number within their area code to reactivate the card(s).
It should be noted that the incoming / originating number on caller ID or text message can be fabricated to appear as though the call/text is from a legitimate source or to hide the actual number on the screen. Preventative measures remain the same with all similar type scams:
Verify the source of the call
Never give out personal information or confidential data over the telephone or via a text message.
Contact the credit union and / or local law enforcement if such a call or text message is received.
FRAUD ALERT: Spartanburg Regional Federal Credit Union will NEVER send unsolicited emails or make unsolicited phone calls requesting your personal or account information. If you ever receive such a request purporting to be from Spartanburg Regional Federal Credit Union, do not provide any personal information.Learn more.
All funds in a "noninterest-bearing transaction account" are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.
The term "noninterest-bearing transaction account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal ("NOW") account, money-market deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account.
NOTICE REQUIRED BY THE UNLAWFUL INTERNET GAMBLING ENFORCEMENT ACT: To All Commercial
Inappropriate and/or Gambling Transactions. Certain federal and/or state laws such as the Unlawful
Internet Gambling Enforcement Act or Third Party Service Providers’ Rules may limit or prohibit certain
transactions such as (but not limited to) those coded as possible gambling transactions. The Credit
Union may decline to accept, process or pay any transaction that we believe to be illegal or unenforceable
(regarding your obligation to pay us or otherwise) under applicable law; or which is otherwise limited or
prohibited, including but not limited to any transaction involving or relating to any gambling activity. Such
prohibition or limitations may affect some otherwise proper or allowable transactions such as debits,
charges or other transactions at or relating to a hotel-casino. You understand and agree such
limitations/prohibitions are not within the Credit Union’s control and that the Credit Union will not have
any liability, responsibility or culpability whatsoever for any such use by you or any authorized user(s); or
for declining to accept, process, or pay any such transaction. You further agree to indemnify and hold the
Credit Union harmless from any suits, liability, damages or adverse action of any kind that results directly
or indirectly from any such use of your account and/or access devices.