Increase in Financial Scams

Increase in Financial Scams: What to Watch For

 As the spring season begins to appear, we wanted to send a reminder about protecting your secured information and account credentials with us.  To continue our ongoing effort to educate our members, please take the time to review the article below addressing Financial Scams.  The article highlights:

  • If someone sends you money and asks you to send just part of it back to them – it’s likely a scam.
  • Never give out your Home Banking username and password.
  • If you are asked to send gift cards as payment – it’s likely a scam.
  • DO NOT give someone your account information because they want to send you money, they can use that information to withdraw funds.

WARNING: Don’t Be A Victim – Increased Scam and Fraud Threats

It’s disheartening to report, but the number of Scams and Frauds affecting local residents has increased substantially.  In all of the following examples, the scammer convinced the victim to either give them personal information or money/goods on the basis of a threat or con.

Please review the follow scenarios and precautions below to ensure you too don’t fall victim to one of these scams.


IRS/FBI Scam – The IRS or another government agency contacts the member and says they owe money to the IRS/government.  They demand payment immediately, usually through a wire transfer or pre-paid card.  They may even threaten to harm a family member or to have them arrested.
Romance Scam – Online person begins a relationship with the member. This person is a professional scammer, not a true love. After building trust, the scammer then tells a story that ends in needing to send the member money and have it sent back to themselves or a third party.
Job Search – Advertisement for jobs that do not exist but serve as a means to get access to the member’s information. These jobs usually involve a deposit to the account, and the member is instructed to send a portion of the funds elsewhere.
Loan Fraud/Scam – Advertisement for loans or quick money that are not legitimate that lead to the member providing personal and account information which gives scammer access to account.
Easy Money Scheme (Facebook) – This typically involves a friend of a friend and an opportunity to make quick easy cash by simply allowing funds to be deposited then withdrawn from the member’s account.
Grandparent Scam – Supposed family member contacts a relative and says they are in trouble/jail and need money ASAP.  They plead with them not to tell their parents and they will pay them back when they are back on their feet.
In the above scenarios, the member sends pre-paid cards (or card serial numbers), money orders, wire transfers or funds to the scammer after:

  1. Fraudulent funds are deposited into the member’s account (most likely through Mobile Deposit).  The check that was deposited then is returned as a fictitious check and the member is responsible for whatever loss has occurred. OR
  2. False information is used to convince the member they must send the funds immediately or consequences will occur.


  • NEVER give out Debit/ATM PIN numbers, passwords of any type, online banking usernames, or personal information that can be used to open accounts or download mobile banking.
  • Only give account and routing numbers to places you have an existing business relationship with where you want to establish automatic payments.
  • DO NOT give someone your account information because they want to send you money electronically or deposit a check through Mobile Deposit.  There is no reason for any individual or business to have your online banking username or password.
  • If you are ever in doubt of a check you can take it to the institution it is drawn on and cash it there.

Thousands fall victim to fraud each month, and Priority First Federal Credit Union wants you to be aware of the many fraudulent scams.

We hope that as you become more aware of these scams, you can better protect yourself and your well-earned money.

Summer 2016 Newsletter

Inside the Priority First FCU Summer Newsletter:

Stay up to date with us about opening a new branch and new cards by reading our Summer 2016 Newsletter!
– Welcome members of Clearfield Stoneworkers FCU & our new branch office in Clearfield! See where we are located in Clearfield and what our temporary hours are.
– New VISA Credit Chip Cards are coming in September; if you currently have a VISA credit card with Priority First FCU you will be receiving a new VISA Platinum chip card.
– Be on the look out for our new website coming soon!

For every milestone, we’re here. A good financial partner can help make life’s big moments feel effortless.

Click here to view the full Summer Newsletter!

Winter 2015-2015 Newsletter

Inside the Priority First FCU Winter Newsletter:

Stay up to date with us and see our new offerings by reading our Winter 2015-2016 Newsletter!
– You can now access your Online Banking anywhere anytime by downloading our NEW Mobile Banking App!
– Announcing Mobile Deposit included with our new app!

Our 2016 Annual Meeting is Saturday, April 23, 2016; don’t forget to RSVP!!

Board of Director Position: Members wishing to run for a seat on our Board of Directors you can pick up a form at any one of our four branch locations.

Click here to view the full Winter Newsletter!

Fall 2015 Newsletter

Inside the Priority First FCU Fall Newsletter:

The Holidays are on the way and Priority First FCU is here to help make the Holiday Season easier!
– Check out our Holiday Loan Special!
– Do you have a Christmas Club with us?

Priority First FCU making account access easier with our new & improved Online Banking!

Coming November 2015: Get big protection in a tiny chip!

Doesn’t it make sense that if you are a loyal member who uses multiple products an services that you should be rewarded with discounts? We sure think so! See who discounts you’re eligible for.

Click here to view the full Fall Newsletter!

Summer 2015 Newsletter

Inside the Priority First FCU Summer Newsletter:

– Refinance to a Less-Expensive Auto Loan
– Our HELOC special can help you work your home improvement plan
– Learn to protect yourself from Identity Theft with our Identity Theft Victim Checklist

Click here to view the full Summer Newsletter!