Member FAQs PDF Print E-mail

What is Phishing?
What precautionary measures are taken by the credit union to protect me?
Does the credit union use and share my personal information?
What can I do to protect myself and my identity?
What is a lottery / wire fraud scam?

 

 

 

What is Phishing?
https://www.cuofco.org/fraudandidentitytheft/phishingvishing
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What precautionary measures are taken by the credit union to protect me?
The credit union is committed to taking every reasonable precaution to protect individual identifying data you give us. We restrict access to non-public personal information about you to only those employees who need to know that information in order to provide service to you. We maintain physical, electronic and procedural safeguards that comply with federal regulations to guard your information. 
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Does the credit union use and share my personal information?
We do not disclose non-public personal information about any members or former members, except as permitted by applicable law. Credit Union of Colorado contracts with a variety of third parties to bring you financial services. We disclose information about you as necessary to fulfill these third-party service agreements. For example, we may disclose information to third parties that assist us with printing checks or mailing statements. We may also disclose non-public personal information about you to governmental entities, such as sending annual income statements to the IRS, and to other third parties, such as credit bureaus, or in response to subpoenas. 


        
We may disclose all of the information we collect, as described above, to third parties that perform marketing service on our behalf or to other financial institutions, such as insurance providers, with whom we have joint marketing agreements, in order to make a variety of financial services available to you. In all such instances, we will provide information only to third parties who meet our security and privacy standards, and whom agree in writing to strict confidentiality provisions to ensure the protection of your information. 
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What can I do to protect myself and my identity?

  1. Keep your Social Security number in a safe place and don’t carry it with you.
  2. Create good online passwords.  Whether it is used for financial accounts or any other personal information, create a password that is not easily identifiable.  
  3. Manage your personal information and be sure to review all your bills/statements to monitor for any out-of-the-ordinary activity.
  4. Opt into the credit union’s E-Statements (Electronic Statements) program to alleviate fraudsters from stealing sensitive personal information from your mailbox. 
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What is a lottery / wire fraud scam?
- Have you won a lottery you don’t even remember entering?  
- Have you sold something over the internet and when the check arrived it was for a far greater amount than the selling price?  
- Have you been asked to wire, Western Union, or otherwise return a portion of these funds back to the sender or a third party?

If you have answered YES to any of these questions, you may be the victim of a lottery/wire fraud scam.

The basics of a lottery scam involve the perpetrator sending you a letter stating you have won some sort of lottery; along with this letter is a check that is supposed to cover insurance, taxes, or some other fee. The perpetrator has you deposit this check and wire part of the money back to cover the fees. What you do not know, however, is that the check they sent you is fraudulent, and you are now out the money you sent.

Another scam similar to this involves selling items over the internet (i.e. – E-Bay, Craigslist, etc.). The “buyer” will send you a check for an amount much greater than you sold the merchandise for, and claim they made a mistake and request that you deposit the check and wire the difference back to them. The check sent is a fraudulent, and if you ship the merchandise to them along with their “overpayment”, you are now out both.

Don’t be a victim! For more information on these and other scams, please take a look at this website:

Reference: http://www.fakechecks.org/
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This credit union is federally insured by the National Credit Union Administration.

This credit union is an Equal Housing Lender, we make loans without regard to race, color, religion, national origin, sex, handicap, or familial status.