NCUA, FTC Hosting Facebook Live Event on Protecting Military Consumers from Scams

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ALEXANDRIA, Va. (July 13, 2018) – Members of the military, veterans, and their families lost more than $25 million last year to imposter scams. As a result, the National Credit Union Administration and the Federal Trade Commission are hosting a live Facebook event on July 17, 2018 to help military consumers learn how to protect themselves.

The Facebook live event is scheduled to begin at 2 p.m. Eastern. The discussion is part of the NCUA’s activities during Military Consumer Month, which runs the month of July. No registration is required, and there is no charge.

Representatives from the NCUA and the FTC will discuss how to recognize and avoid scams and will share resources from their consumer sites, MyCreditUnion.gov and Militaryconsumer.gov.  Participants are encouraged to comment and ask questions during the live conversation.  They also can submit questions in advance to [email protected].

Military Consumer Month is a coordinated campaign led by federal, state, and local partners. The focus is to aid military consumers in making sound financial decisions while providing access to consumer-related resources at no charge.

Under the Federal Credit Union Act, promoting financial literacy is a core credit union mission. While credit unions serve the needs of their members and promote financial literacy within the communities they serve, the NCUA works to reinforce credit union efforts, raise consumer awareness and increase access to credit union services. The NCUA also participates in national financial literacy initiatives, including the Financial Literacy and Education Commission, an interagency group created by Congress to improve the nation’s financial literacy and education.