Don’t Get Scammed By Santa!

Security and Scams

One of the oldest holiday scams, which is even more prevalent in the age of the internet, is the letter from Santa scam. Here’s all you need to know about this Christmas-themed scheme. How it plays out In this ruse, scammers set up bogus websites where parents can order legitimate-looking letters from Santa for their children. The cost is less …

6 Ways To Spot A Payday Loan Scam

Security and Scams

Payday loan scams may seem like old news, but they’re more common than ever. In fact, in 2018, the FTC paid a total of $505 million to more than one million victims of payday loan scams. In this scam, a caller claiming to represent a collection agency who is acting on behalf of a loan company tells victims they must …

6 Misleading Advertising Ploys To Beware Of This Black Friday

Security and Scams

You deserve to find fantastic deals this Black Friday.  Here at Directions Credit Union, we hate to see your money go to waste.  That’s why we’ve put together a list of misleading advertising schemes you may come across when hunting for deals this Black Friday. 1. Very limited quantities That $200-off supersized TV screen coupon that just landed in your …

Financial Safety On Dating Sites

Security and Scams

Meeting new people is difficult for many adults. Fortunately, though, there’s the internet. Dating sites like eHarmony and Match.com make it easier than ever to find other people who are looking for the same thing you seek. Unfortunately, that same ease of connection makes online dating sites a haven for scammers. Using the information you provide, they can craft a …

4 Vacation Scams To Watch For This Summer And How To Avoid Them

Security and Scams

Before heading out on your summer vacation, read through our list of four common vacation scams and learn how to avoid them. You don’t want to take a permanent vacation from your hard-earned money! 1. The bogus prize vacation In this scam, you’ll receive a notification via snail mail, phone call or email, that you’re the lucky winner of a …

8 Ways To Spot A Home Improvement Scam

Security and Scams

If you’re hiring a contractor to make improvements on your home, be alert! Home improvement scams are more common than you may think, and they can cost you a lot. Read on for 8 ways to spot a home improvement scam. 1. The contractor insists on being paid upfront Be wary of any contractor demanding that you pay most of …

DCU Fraud Policy Overview: Debit/Credit Card Data Breaches

DCU Member News & Info, Security and Scams

It can be overwhelming with endless reports of data breaches, cyber-attacks, and fraud. Here at Directions, we want to help you understand these data breaches as much as possible! First and foremost, data breaches happen at the merchant/business level – not at your financial institution. Directions Credit Union has never experienced a data breach. How data breaches occur Businesses that …

Student Loan Scams

Security and Scams, Student Money Tips

College students, take note! If keeping up with your coursework, acing your exams and scrambling to hand in every term paper before the deadline wasn’t enough, you now have something else to worry about: Student loan scams are on the rise! Scammers know you hate owing tens of thousands of dollars, so they’re quick to offer you an easy — …

Don’t Get Caught In A Crowdfunding Scam

Security and Scams

Crowdfunding platforms like GoFundMe, Kickstarter and IndieGoGo are packed with eager entrepreneurs and needy individuals.  Unfortunately, they’re also packed with scammers. In another example, a company called Triton claimed to have created a device enabling people to breathe underwater. Their IndieGoGo page pulled in $850,000 in just a few days—for a nonexistent invention. And, in yet another incident, a couple …

Tax Scams 2019

Security and Scams

Each year, the IRS publishes the “Dirty Dozen,” a list of 12 scams that are rampant during that year’s tax season. This year, the IRS is cautioning taxpayers to be extra vigilant because of a 60% increase in email phishing scams over the past year. This is particularly disheartening since it comes on the heels of a steady decline in …