There’s nothing more important to us than the safety and security of your accounts.
When you trust us with your savings and investments, that means something – and we’re 100% committed to living up to that trust. Here are tips you can use to contribute to your accounts’ safety, and to banking safely in general. It’s best to be aware of frauds that can allow identity thieves to take advantage of your hard-earned money. Together, we can keep your investments where they belong – safe, secure, and right here at 5Point.
2024 Fraud Friday
January - Fraudsters will pretend to be a legit online seller by creating fake websites, social media posts, and ads. The fraudsters usually offer great deals, but unsuspecting shoppers will most likely receive a knockoff of the item they purchased or receive nothing at all. If you feel you have been scammed, call 1.800.825.8829 to speak to a 5Point team member.
February - Synthetic identity theft is a form of fraud in which where criminals combine real and fake information to create a new identity.
An individual’s Social Security number is stolen and then a name, date of birth, mailing address, email address, and phone number are made up and applied to the legitimate SSN to create a new identity.
The most common victims are children, the elderly, and the homeless. These individuals may be less likely to use credit or monitor their credit history.
To better protect yourself against synthetic identity theft:
- Keep your Social Security card at home in a safe place.
- Don’t repeat your SSN out loud for others to hear.
- Shred or black out any documents that include your personally identifiable information.
March - 5Point Credit Union will NEVER call or text asking for your account information. If you are unsure if the message you received is from 5Point, contact us directly at 1.800.825.8829.