If you receive an unexpected call, text, or email from someone claiming to be a credit union representative, do not provide any personal or account information. Instead, call us directly at 810-715-3542.
PIN Verification Code scams targeting members have become a growing concern in recent times. These scams typically involve fraudsters impersonating legitimate financial institutions and contacting unsuspecting members via phone calls, text messages, or emails. The scammers employ various tactics to deceive individuals into disclosing their personal identification number (PIN) or other sensitive account information. They may create a sense of urgency, claiming that there is a security breach or suspicious activity on the member’s account. It is essential for members to remain vigilant and remember that genuine financial institutions will never request PINs or sensitive information through such channels.
When the scammer attempts to transfer the money out of the victim’s account, the bank automatically requires verification by sending a PIN code to the victim via SMS. Pretending to be from the bank, the scammer calls the victim and states they need the PIN code in order to verify they are the owner of the account due to the detection of some suspicious activity. The victim passes on the PIN code to the scammer believing it will secure their account, when in fact the scammer will use it to drain money from their account.
By staying informed, cautious, and promptly reporting any suspicious activity, individuals can help protect themselves and prevent falling victim to these deceptive PIN Verification Code scams. If you have provided a verification PIN code to someone, contact your financial institution immediately.