Avoiding Scams | BCCU

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AVOID SCAMS

Now more than ever, we encourage you to be vigilant against scams, especially via phone and email. Unfortunately, there are already reports from the Federal Trade Commission of dishonest people who are trying to take advantage of this uncertain time. Learn more about these scams by visiting the FTC’s website for more information at ftc.gov. Bellwether Community Credit Union employees will never call unexpectedly to demand account information such as account numbers, passwords, PINS, Social Security Numbers, etc.)

Coronavirus Stimulus Scams Surface 

Fraudsters haven't wasted any time with scams related to the coronavirus. In response to the federal stimulus package, the Better Business Bureau (BBB) reported that fraudsters have deployed a variety of scams involving coronavirues stimulus checks. The BBB Scam Tracker has received several reports of coronavirus scams where individuals are contacted through text messages, social media post/messages, or phone calls.

One version of the scam targets seniors through a Facebook post informing them that they can get a special grant to help pay medical bills. The link within the post goes to a bogus website claiming to be a government agency called the "US Emergency Grants Federation" where the user is asked to provide their Social Security Number under the guise of needing to verify their identity. The victims are asked to pay a "processing fee" to receive a grant. 

There are reports of a coronavirus scam in which potential victims receive phone calls telling them they are qualified for a $1,000 to $14,000 coronavirus stimulus payment; however, they must first pay a processing fee.

Coronavirus direct payments will likely be in the form of direct deposits or through US Treasury checks. Fraudsters may create counterfeit checks to use in their scams.

Remember, Bellwether will never ask for your account number, social security number, or passwords over the phone. If the person is asking for such information, hang up and please call us directly at 1-866-996-9828.

Government agencies also do NOT communicate through social media outlets. A government agency will never request an advanced processing fee to receive a grant. The only official list of all US federal grant-making agencies can be found at www.grants.gov 

Be aware of COVID-19 Scams

During the ever-changing COVID-19 situation, we urge our members to stay vigilant when receiving phone calls, emails and text messages from unknown sources. Unfortunately, scammers and fraudsters are using these uncertain times to their advantage and using fear as their tactic to steal your personal and private information.

For example, financial institutions have reported that in some cases, scammers are calling consumers and impersonating the Centers for Disease Control (CDC). During the call, the fraudsters are asking people to verify their personal information, to include social security numbers and account passwords.

While no Bellwether Community Credit Union members have indicated they have been scammed as a result of COVID-19, we wanted to make you aware of this activity.

Please remember, we will never ask for your account number, social security number, or passwords over the phone. If the person is asking for such information, hang up and please call us directly at 1-866-996-9828.

Bellwether Community Credit Union will provide timely updates related to COVID-19 that could impact you. Notifications will appear on our website, online banking, and on our social media channels.

On behalf of the Bellwether Community Credit Union employees, thank you for your membership and confidence during this challenging time. We will continue to closely monitor COVID-19 developments and take all precautionary steps to protect you, our employees and our local community.

Reliable COVID-19 Resources

At Bellwether Community Credit Union, we are here for you.

As a member of Bellwether Community Credit Union take comfort in knowing that your savings is safe, secure, and federally insured to at least $250,000 by the National Credit Union Administration, a U.S. Government Agency.

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