NCUA, CUNA respond to bank failures: CU deposits remain safe, insured
The collapse of Silicon Valley Bank last week is the second largest failure of a financial institution in U.S. history. The bank was shut down and put under the control of the FDIC following a 48-hour bank run and capital crisis. Regulators also shut down Signature Bank March 12.
2022 International Credit Union Day – Empower Your Financial Future with a Credit Union™
SCAM ALERT!
SCAM ALERT!
Members receive fake text messages about their Visa debit cards. Do not respond!
Incidences have been reported that members received a “look alike” text message from an unknown source indicating their Visa debit card(s) have authorized transactions. The call back number listed was not associated with the credit union. This is an example of a phishing scam in which the scammer tries to trick the recipient into giving personal financial information. Do not respond to these types of texts! Call the credit union directly if you have questions or concerns 989.427.5663 or 800.759.8652
Remember, the credit union will never call, email or text you and then ask for your credit or debit card numbers.
Visa text alerts is a valuable tool to track spending but also to alert members of potential fraudulent activity in real-time. Sign up now!
Notice to Members!
Effective July 1, 2020, we are increasing the amount we make available for withdrawal by checks subject to next day availability from $200.00 to $225.00. In addition, the amount available for withdrawal on exception holds for large deposits, new accounts and the amount for determining a repeat overdraft increases from $5,000.00 to $5,525.00.
