Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
S. Dakota CUs report text scam
SIOUX FALLS, S.D. (9/27/12)--Several credit unions in the Sioux Falls, S.D., region are receiving calls from members who have received a text message scam.

Sioux Falls FCU in a press release said the message indicates the member's debit card has been deactivated and urges the recipient to call a telephone number with a 605 area code.  If the victim calls the number, an automated voice prompts the caller to enter the debit card number and PIN.

This is a common tactic used by scammers to obtain information from unsuspecting consumers, said Fran Sommerfeld, president/CEO of Sioux Falls FCU.  Sommerfeld reassured consumers that the credit union does not send out text messages or e-mails or make phone calls asking for account information. "If you get a text, e-mail or call like this, you can be assured that it is not legitimate," said Sommerfeld.

The credit union told consumers that if they responded to such a text message and provided information to call their credit union immediately "so that appropriate action can be taken to prevent or reduce your potential losses."

Throughout the year, cyber criminals have blanketed various areas with text messaging scams that have targeted credit unions and other financial institutions.
Other Resources

RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
1 Day ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
1 Day ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
1 Day ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
1 Day ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
1 Day ago