MEFCU Financial Wellness Center
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Mortgage Scam Alert Targeting Credit Union Members
Credit union members across the country are being targeted by a postcard mail scam related to their credit union mortgages. Members of various credit unions have reported receiving the postcards in the mail, including members of Merck Employees Federal Credit Union.
Scams Target Older Americans at an Alarming Rate
The number of elderly victims impacted by fraud has risen dramatically and the loss amounts are even more staggering. In 2021, over 92,000 victims over the age of 60 reported losses of $1.7 billion to the Internet Crime Complaint Center (IC3). This represents a 74% increase in losses over 2020. Many of these member-targeted scams involve fraudulent wire transfers reaching hundreds of thousands of dollars, specifically targeting your elderly members.
CREDIT UNION NEWS
2022 Scholarship Winners Announced
The Merck Employees Federal Credit Union is proud to announce that it has awarded five (5) $5,000 scholarships to high school seniors in three (3) states—Delaware, New Jersey and Pennsylvania. Each year MEFCU’s scholarship program attracts hundreds of applicants throughout the country. Applicants are required to be members of the credit union or a family member of a MEFCU member and to be in their senior year of high school.
Latest On Demand Webinar is Here: Home Buying in 2022
The financial landscape has changed drastically in recent months and Merck Employees Federal Credit Union and MemberFirst Mortgage teamed up for Financial Literacy Month to educate you on the current home buying landscape.
Beware of Amazon Texting Scams
A Texas police department recently issued a warning regarding people receiving phony text messages that purport to be sent from Amazon telling you that your account has been hacked. These phony text messages, called "smishing" will either attempt to lure you into providing personal information that will be used to make you a victim of identity theft or try to persuade you to click on a link that will download malware.