Kenmore Teachers FCU

January is Scam Alert Month (Part 2)

Posted in Board Brief on Jan 25, 2023

So, what’s going on with these unwanted text messages?

You may be noticing more and more uninitiated, unwanted text messages. They are dangerous. Beware!

Some text messages come from companies when you've arranged upcoming appointments. Other communications may be alerts you’ve set up with other vendors like credit card companies. These kinds of text notices have something in common; you are expecting them based on the setting or arrangements you’ve made. Directly or indirectly, you requested these types of text communications.

On the other hand, you may be getting unsolicited text messages wh...

January is Scam Alert Month (Part 1)

Posted in Board Brief on Jan 18, 2023

Have you heard of Check Washing?

Unfortunately, it’s the latest scam. Check Washing is where a physical check is obtained illegally by bad actors. They use a solvent to erase the ink on the “Pay To” and “$ Amount” fields, insert a new Pay To and a much larger $ amount. They cash or deposit the check into an account controlled by them.

How can you protect yourself against Check Washing?

We recommend a couple solutions; actively manage your Share Draft balances and consider using Bill Pay.

Actively managing your Share Draft account balances means you keep a smaller balance in your Share Draft a...