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Fraud Alerts

USE CAUTION WITH CASHIERS CHECKS!

Two scams are circulating counterfeit Cashier’s Checks drawn on Southwest FCU. A Secret Shopper and jobs seeking care for children, seniors, pets, homes, or personal shopper. If you receive a check, DO NOT DEPOSIT the check or SEND MONEY per instructions. Contact 505-243-6751 or toll free 800-880-7974 and we will take your report.

We suggest you file a police report, and save any form of evidence that was associated with check (i.e. package label, package) . Also, we suggest you go to www.ic3.gov to make an internet scam report, and make a report through the Better Business Bureau, the Attorney General’s Office and the Federal Trade Commission.

IF YOU CAN ANSWER “YES” TO ANY OF THE FOLLOWING QUESTIONS, YOU COULD BE INVOLVED IN A FRAUD OR ABOUT TO BE SCAMMED!

      • Is the CHECK from an item you sold on the Internet, such as a car, boat, jewelry, etc?
      • Is the amount of the CHECK more than the item’s selling price?
      • Did you receive the CHECK via an overnight delivery service?
      • Is the CHECK connected to communicating with someone by email?
      • Is the CHECK drawn on a business or individual account that is different from the person buying your item or product?
      • Have you been informed that you were the winner of a LOTTERY, such as Canadian, Australian, El Gordo, or El Mundo, that you did not enter?
      • Have you been instructed to either “WIRE”, “SEND”, or “SHIP” MONEY, as soon as possible to a large U.S. city or to another country, such as Canada, England, or Nigeria?
      • Have you been asked to PAY money to receive a deposit from another country such as Canada, England, or Nigeria?
      • Are you receiving PAY or a COMMISSION for facilitating money transfers through your account?
      • Did you respond to an email requesting you to CONFIRM, UPDATE, OR PROVIDE your account information?

TELL BRANCH PERSONNEL IMMEDIATELY!

FBI Fraud Alert – poster


IMPORTANT NOTICE ON CASHIERS CHECKS

A cashier’s check is a check issued by a financial institution, payable to a specific person. It is often used as a trusted form of payment to consumers for goods and services.

Having access to funds from a cashier’s check that you deposit in your account does not mean the check is authentic. If you sell goods over the Internet and a buyer sends you a cashier’s check for the price on which you agreed, it may take weeks to discover that the cashier’s check is fraudulent. By that time, you may already have used the funds. When the fraud is detected, you will owe the Credit Union the full amount of the cashier’s check funds that you deposited and used.


WAYS TO REDUCE CHECK FRAUD:

When you use the Internet to sell goods or offer services, consider receiving payment through an online system (for example, PayPal) rather than by cashier’s check.

If your buyer requests that you keep a portion of the cashier check funds and send any remaining portion via wire transfer or money order, do not accept the cashier’s check.

Never accept more money than your selling price as payment.

Wait until the check clears before providing goods or services to the buyer.

The financial institution on which the cashier’s check is written can tell you if it is genuine. To be certain that it is, call or visit them before depositing the check.

Save your documents regarding the transaction including letters and e-mail correspondence and receipts.  You will need that paperwork if something goes wrong.

There has been an increase recently in the amount of fake checks SFCU members have received.  This article, “Five Things You Should Know to Avoid Fake Check Scams”, gives you valuable information to help you guard against this kind of fraud.