Co-op Credit Union Blog: Stay Even More Connected.
Our blog will share insights about credit unions, their impact, financial education and more.
April 9, 2018
Stay Vigilant to Avoid Scams
Staying vigilant is key to avoiding being the victim of a scam. Across the financial industry, we see scams, attempted scams and their effects on what is becoming an all-too-regular basis.
Some best practices include reviewing your accounts regularly, always being wary of unsolicited calls and e-mails and keeping your online account information, including your passwords, secure. Never give your account information of any kind to another person. Always know who you’re connecting with online.
There are an abundance of scamming tactics, and one who’ve likely heard of is a person who has won a lottery prize and is asked to pay some sort of fee to get the winnings. Another may be done online, asking for your personal information over e-mail to receive money in return. If it seems suspicious, it probably is.
You can visit the National Credit Union Administration’s online Fraud Prevention Center. There, you’ll find detailed information on other types of fraud and scams, fraud alerts, advice and resources. The Federal Bureau of Investigation also has a hub of information on scams.
At CCU, we work to protect our members and the credit union. In terms of suspected fraud, it means we may sometimes ask more questions. This is to ensure we catch something before it becomes a problem that cannot be reversed.
We are here to answer questions. If you have an inkling something may be wrong, don’t hesitate to reach out.
January 25, 2018
Membership is More
Membership at Co-op Credit Union means you’re part of something more. More than just financial services and transactions, which, of course, are essential for your daily life.
That’s why you’re not simply a customer here. You’re a member-owner.
Joining a credit union, like CCU, is an opportunity to experience what our industry refers to as the Credit Union Difference.
We’re a financial institution with all the services you need to conduct your personal finances or your business finances. But, the difference truly lies in our structure as a democratically-controlled institution.
You’re a member when you join and keep at least $5 in a membership savings account. Your membership means you have one equal vote and an equal say when it comes to electing members of our volunteer Board of Directors. More deposits, or savings, do not mean you get a bigger or louder voice than other members.
That’s because credit unions don’t answer to a group of shareholders who are interested in profits. Credit unions exist to truly serve their members, their best interests, goals and dreams. Membership means higher savings rates, lower loan rates and fewer fees, because we’re here to serve, not profit.
Credit unions, like CCU, represent even more than their services because of our guiding cooperative principles and an underlying philosophy of “People Helping People.” That comes in the form of partnerships, which benefit the greater good of our communities, or what cooperative principles deem “Concern for Community.”
We also don’t just simply help members with transactions and lending and stop there. Promoting and fostering financial literacy is at the heart of what we believe in at CCU. Whether that’s the addition of a certified financial counselor, or partnering to bring educational programming to schools, we’re working to promote sound financial decisions and planning so members thrive as they advance toward their best possible financial future.
When you’re a member, you can take pride in the work your credit union is doing in the community. Your journey is our journey, and our work is a reflection of our dedication to you.