Phone Scammers Contacting Credit Union Members (3/25/08)
A western Kansas credit union has reported members receiving phone calls from an automated voice system telling them their credit union account has been suspended. The automated calls ask members to call a long distance number where another automated voice asks for account numbers and personal identification numbers.
THIS IS A HOAX! DO NOT RESPOND
This scam is designed to trick members into divulging private account information. Campus Credit Union does not contact you about account problems with an automated system. We will either personally call you or send you notice in writing. If you ever question who is behind a call asking for your information, play it safe. Don’t give out any personal information, hang up and call the credit union.
SecureCode
Now Available For Your MasterCard Debit Card
We are pleased to announce the release of important new security
features for your MasterCard Debit Card.
Shop online with added peace of mind with MasterCard
SecureCode.
It’s a new service to help protect against unauthorized
use of your existing Campus Credit Union MasterCard Debit Card
when you shop online at participating merchants.
Register today at:
https://www.shazam.net/SecureCode/
New Security Features for FlexTeller Access (5/11/07)
Good news! We are pleased to announce the release of important
new security features for Internet Account Access. These changes
are part of an ongoing effort by us to ensure compliance with
federal regulation and to provide the highest level of protection
to you against identity theft and fraud.
Specifically, these new controls are designed to help you recognize
when you are communicating with the valid Internet Account Access
system and to help that system ensure that it is communicating
with you.
Please take a few minutes and enroll your account by clicking
on the “FlexTeller” link.
Important Notice for Campus Credit
Union VISA Cardholders (7/27/06)
Campus Credit Union is committed to protecting our members from
Identity Theft.
We have recently experienced fraud due to a skimmed counterfeit
Visa credit card originating in Europe. The countries listed below
have been identified by Visa USA as having a high incidence of
this type of fraud.
All authorization requests originating from these countries will
be declined:
Turkey, France, Romania,
Spain, Italy, Pakistan
If you plan to travel to these countries, please contact the
credit union with the dates you will travel so we may open your
card to transactions.
If you plan on traveling anywhere, give us a call to let Visa
know.
New Improvements, Great Service
We have made significant improvements to your credit union this
quarter starting off with new carpet and seating.
The most exciting addition is an extensive computer upgrade with
our existing vendor to add speed and efficiency in our daily processes.
New features were installed to securely store your identification.
So those words you have come to love and hate, “Can I see
your ID for cash back, please?” is moving to a thing of
the past. Signature pads are utilized to automatically store your
signed receipt. Member statements will be available on-line, e-mail,
or regular mail. For those who prefer to check their account information
by telephone, we have added additional phone lines to minimize
any busy signals.
You can apply for a loan, anytime, anywhere. Our Internet applications
are just a click away. If you prefer to speak with a real person,
give our call center a try. Both are available 24/7.
Is your schedule making it hard to come into the credit union
to close your loan? Or maybe you don’t even live in the
area anymore. Not a problem. Most loan documents can be electronically
transmitted to you to print, sign and return. We also offer electronic
methods of delivering the money to you.
Our investment into the credit union is an investment in you,
our members. Our mission is to provide you with the best personal
service, offer options and keep your information secure.
PHISHING SCAM ALERT
One e-mail, which claims to be from the IRS,
tells the recipient that they are eligible to receive a tax refund
for a given amount. It then directs the consumer to a link that
requests personal information, such as Social Security number
and credit card information.
Another e-mail titled “Refund Notice”
claims to provide information to recipients regarding the status
of their IRS Tax Refunds. The e-mail contains
a link, which mirrors the true IRS web site. This site purportedly
allows recipients to check the status of the IRS tax refund after
providing the following information:
- First and last name
- Social Security Number or IRS Individual Taxpayer Identification
Number
- Credit Card Information
The IRS does not ask for personal identifying or financial
information via unsolicited e-mail.
If you receive an unsolicited e-mail alleging to be from the
IRS, take the following steps:
- Do not open any attachments to the e-mail, in case they contain
malicious code that will infect your computer.
- Contact the IRS at 1-800-829-1040 to determine whether the
IRS is trying to contact you about a tax refund.
- Taxpayers do not have to complete a special form to obtain
a refund.
- If you have received this, or a similar hoax, please file
a complaint at www.ic3.gov.
Who Needs Gap Protection?
If you’re “upside down” on your auto loan--your
car is worth less than what you still owe on it--and your car is
totaled or stolen, you may have to continue making loan payments
on a vehicle you no longer can drive.
There’s a special type of protection, called gap (guaranteed
asset protection) coverage, designed to cover situations like
this.
Except in a few states, gap protection is not, technically, insurance,
though it’s commonly referred to as such. It’s actually
a debt cancellation agreement. It waives the section of your financing
agreement that holds you responsible for the difference between
the value of your totaled car and your remaining loan balance.
Regardless of what it’s called, this coverage satisfies
your liability to pay the gap.
As more buyers put little or no money down, roll an unpaid balance
on their old car loan into the new loan, or take out an extended-term
loan of 60 months or longer, the need for gap coverage is increasing.
Shop around for gap coverage. Compare credit union rates with
other offers. Dealerships rarely offer the best price, and although
the Internet makes shopping easy and convenient, thoroughly research
the company behind the offer before you send money or provide
information such as your credit card, driver’s license,
or Social Security number. If you purchase coverage from your
auto insurance carrier, it’s your responsibility to calculate
when you’re out of the hole--when you’ve closed the
gap by paying down your loan. If you forget to contact your agent
to remove the extra coverage, you’ll pay for protection
you no longer need.
If you think you need gap coverage, call us today at 316-978-3666.
Credit Cards: Pay More Than Minimum for Faster
Payoff
A handful of credit card issuers have raised minimum payments
from 2% to 4% of the balance due. If you can afford these higher
payments each month, you'll benefit over the long haul. If you
can't afford this increase, chances are you're in over your head.
Ask someone at Campus Credit Union for help in straightening out
your finances.
Consider the example of a $2,000 balance at 18% interest. If
your minimum payment is 2% of the balance due each month, it will
take you about 19 years to pay it off and you'll pay $3,862 in
interest. (A 2% minimum payment would start at $40 and taper to
$20. Maintain the $40 and you'll pay off the debt faster.)
If you're paying 4% of the balance due, you'll pay off the balance
in seven years and four months and cut your interest costs to
$1,031. (A 4% minimum payment starts at $80 and tapers to $20.)
By paying 8% of the balance due, much more than minimum, it will
take you three years and nine months to pay off, and you'll pay
about $433 in interest. (An 8% minimum payment starts at $160
and tapers to $20.) Remember, these calculations assume you add
no more charges to the card.
Always pay at least the minimum amount due so you don't incur
a late fee, and if possible, charge only as much as you can pay
in full each month or within a few months.
And if you’re paying high credit card rates elsewhere,
check out Campus Credit Union credit cards for consistent savings.
GREAT NEWS! Campus Credit Union is Approved for
Membership Expansion
Campus Credit Union is approved by the Department of Credit Unions
to expand its field of membership. If you are a faculty, staff,
graduate, student, former student of any Higher Education College
in the state of Kansas, you are eligible for membership with Campus
Credit Union.
Campus Credit Union is a full service not for profit financial
institution that serves: Wichita State University faculty, staff,
graduates, students, former students and alumni; Wichita State
University staff of affiliated corporations, auxiliary enterprises
and contract service providers; Employees of: Cerebral Palsey
Research Foundation, Heartspring, Center Industries, University
of Kansas, School of Medicine, Wichita Branch, All Other Kansas
Higher Education faculty, staff, graduates, students and former
students; Immediate Family Members of above; Retirees of above;
Any club or organized group, either on or off campus, who has
a tax identification number and is represented by an active Campus
Credit Union member.
To become a member, open a (share) savings account with a minimum
deposit of $25.00. Opening this share account and maintaining
a $25.00 minimum balance entitles members to other available services
offered by Campus Credit Union. A member who later changes employment,
may still remain a member.
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