Often, we see stories in the news of major fraud scandals at
large companies or payment organizations.
Fraud is a real issue, but it doesn’t always happen on that large of a
scale, it can be as simple as an email claiming you’ve won a prize or been
booked on a flight.
These attempts look legitimate – but they are far from it.

At Community Financial, we look out for our members to
ensure their money is safe.. In fact,
due to our team’s attention to detail & alertness, Community Finanical has
been able to intercept fraud attempts. .
For example, according to our Community Financial Risk Prevention
Team:
“A member requested to send a
large wire transfer, which was unusual activity for that member. The name
and location of the potential recipient was also unusual. The member was
contacted and advised of our concerns about the potential recipient, and that
the wire had been temporarily delayed so that the member could further research
the company. The member called Community Financial the next morning to
cancel the wire transfer. The member was extremely grateful for our help
in preventing the loss of a substantial sum of money.”
And another successful intervention by our tellers:
“A member brought in a check
they had received as payment for a vehicle they sold on “Craigslist.”
Before the member turned the vehicle over to the purchaser, a Community
Financial team member called the financial institution that the check was drawn
on and determined that the check was counterfeit. The member was
contacted immediately and advised that the check was counterfeit. As a
result, the member did not give the car to the purchaser and was saved from
being defrauded.”
The best advice to avoid fraud is it to keep
an eye out on your finances and things like checks or emails don’t look right they
probably aren’t. Also, be watchful for
fraud attempts on seniors and other loved ones.
The very young & very old can be very trusting and apt not to
question others.
For more information on our Identity Theft program and
policies, including tips on how to protect yourself from theft and fraud, please
click here.
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