Social Security Is Not Trying To Take Your Benefits

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Last week, the Federal Trade Commission reported a new twist on the Social Security Administration (SSA) scam. Impostors will robocall individuals, alerting them that their SSA benefits will end – which is not true. Currently, this scam is the number one scam reported by the FTC with 73,000 reports being documented within the first six… Read more »

5 Ways Joining a Credit Union Can Help You Build Your Credit

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There are plenty of excellent reasons to become a credit union member. Lower rates on loans. Higher rates on savings. Personalized financial service. A sense of community and ownership. The list of benefits goes on and on. But what about building a better credit rating? Is it possible that joining a credit union can help… Read more »

9 Steps to Fix Your Credit After Identity Theft

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Since 2015, more than 60 million Americans have been victims of identity theft, and the resulting losses total more than $100 billion. Financial losses may be the most immediate concern for identity theft victims, but the long-term effects of damaged credit can be the most frustrating. Fixing your credit after identity theft requires a strategic… Read more »

The Benefits of Mobile Check Deposit

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If it seems like everyone you know is using a mobile app to deposit their checks in the bank, that’s probably because they are. According to a recent Bankrate survey, 72% of millennials and 52% of Americans 50 and older use mobile deposit. And when you consider that approximately 95% of Americans own a cell… Read more »

Worshipers Targeted by Gift Card Scam

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by Colleen Tressler Consumer Education Specialist, FTC We’re seeing a new spin on gift card scams. This time, scammers are pretending to be a pastor, rabbi, priest, imam, or bishop. They’re asking worshipers for gift card contributions for a worthy cause. Appeals are often made by email, but we’ve heard people are also getting texts… Read more »

4 Helpful Tips for Using Your Debit Card Overseas

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Debit cards make everyday purchases more convenient. Whether you’re at the gas pump, store register, or restaurant drive-thru, swiping your card has likely become your preferred method for completing a transaction. But if you’re planning a trip overseas, you may be wondering whether you’ll be able to use your credit union debit card while traveling… Read more »

What the FTC Facebook settlement means for consumers

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by Lesley Fair Attorney, Division of Consumer & Business Education, FTC The next time users visit Facebook, things might not look different, but big changes are brewing behind the scenes. The FTC’s record-breaking $5 billion settlement requires Facebook to conduct a massive overhaul of its consumer privacy practices. The settlement also makes major changes to… Read more »

SC Telco Named as a 2019 Forbes Best-in-State Credit Union

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Greenville-based credit union receives distinguished award for second consecutive year Greenville, S.C. – SC Telco Federal Credit Union, a not-for-profit financial cooperative headquartered in Greenville, South Carolina, has been recognized as a Forbes Best-in-State Credit Union list for the second year in a row. In collaboration with analytics firm, Statista, Forbes selected 2019 award recipients… Read more »

Medicare does not give out DNA kits

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by Lisa Lake Consumer Education Specialist, FTC Here’s one that goes to show just how creative scammers can be. The FTC is getting reports that callers claiming to be from Medicare are asking people for their Medicare numbers, Social Security numbers, and other personal information…in exchange for DNA testing kits. The callers might say the… Read more »