Media City Credit Union in Burbank, a financial cooperative who returns its earnings back to its Member-Owners, aims to offer comprehensive financial education to its existing and prospective members. In the credit union spirit of “People Helping People,” Media City hopes to educate people about common financial scams so they can protect themselves and their loved ones.
Modern financial scams can be difficult to identify. Scammers craft their scams to play into people’s sense of trust or lack of technological knowledge, making many people—particularly the elderly—vulnerable. They often deceive isolated or unaware people with elaborate schemes to make them feel special and important before using these victims for financial gain.
Every year, scammers target people with increasing frequency. Protect yourself, your family, and your friends by sharing awareness of the dangers of these financial scams:
- Technology Scams: Scammers pose as customer service experts and call or email with an offer to ‘fix’ a nonexistent or unknown problem. If successful, they gain access to your computer and private information.
- Romance/Relationship Scams: Scammers lurk on social media and dating sites. They initiate communication in order to develop ‘trust’ before asking for money. They also may ask to transfer money into your bank account in hopes of gaining access.
- Fraudulent Family Member Scams: Scammers impersonate…
