Holiday Scam Alert: Don't Fall for FDIC Imposter Calls

Scammers are becoming increasingly creative and convincing. Recently, someone received a call claiming to be from the FDIC, saying,

“Your credit union isn’t insured, but we can move your money to a secure FDIC account. Just go withdraw your funds and get a cashier’s check, but don’t tell anyone, or your account will be frozen.”

Unfortunately, they followed the instructions and lost a significant amount of money.

Here’s the truth:

Beacon Federal Credit Union is federally insured by the NCUA (National Credit Union Association), the credit union equivalent of the FDIC. Your deposits are safe and insured up to $250,000 per account.

• Never move your money or share account information based on a phone call, text, letter, or email.
• Never keep it a secret; real financial institutions will never tell you to hide a transaction.
• Always verify directly with us. We’re here to help protect your hard-earned money and your peace of mind.

This holiday season, don’t let scammers steal your savings or your joy.

If something doesn’t feel right, call us first as always. We’re Looking Out For You!