“Vishing” uses telephone systems. A vishing scam occurs when a consumer receives a recorded or text message telling them a credit card and/or financial institution account has been breached and to immediately call a number provided in the message. The phone number leads the consumer to a fraudulent call center where people are asked to supply or verify pertinent financial account, social security or credit card information.

Credit Union members are never asked for personal information!  We already know your personal information!  Anyone who receives a text message or email that asks for account information should consider it a fraudulent attempt to obtain their personal account data for an illegal purpose and should not follow the instructions in the e-mail or phone call.

WASHINGTON (10/3/08, UPDATE 3:30 p.m. ET)--Today's passage of the Emergency Economic Stabilization Act of 2008 will require the National Credit Union Administration (NCUA) to immediately increase share insurance protection to $250,000 on all types of accounts.