Buying a home is one of the most significant investments you’ll make. Low mortgage rates have made it easier for people to afford their dream homes over the last dozen years. In 2023, home mortgage rates have been soaring, causing problems for people who want to buy a house. While higher mortgage rates may discourage… Read More »In a High Mortgage Rate Environment – What Are Your Options to Buy a Home?
The Federal Trade Commission (FTC) is warning consumers about text message scams. The FTC found that fake bank fraud alerts were the most common text message scam reported in their study. The study also revealed that many popular financial text scams pretend to be from reputable banks and credit unions like TEGFCU. In 2022, the… Read More »Beware of Text Message Scams
Social Engineering Scams have increased over the past few years, with incidents increasing alarmingly. Social Engineering is a term that refers to using psychological techniques to manipulate someone. This exploitation can lead to revealing sensitive information, like passwords, bank account numbers, and debit card pins. Scammers use pretexting, phishing, baiting, and other scam tactics to… Read More »Don’t Be Tricked By Social Engineering Scams
How Do I Know If I’m Talking to a Scammer? Know the signs of a scam. The internet has made communicating with others much easier, but it also makes it easier for scammers to find new victims. Scammers are constantly looking for people to take advantage of and always coming up with new ways to… Read More »Know the Signs of a Scam
Please be aware of a phishing telephone scam that some credit unions across the country are reporting more frequently. Members are receiving phone calls from fraudsters posing as a credit union employee, who tell them that their account has been compromised or that their credit/debit card will be or has been deactivated due to inactivity… Read More »Scam Alert – Members Beware – Telephone and Text Scams
What do I need to know about Adjustable-Rate Mortgages? An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. This means that your monthly mortgage payment could go up or down over the life of your loan. ARMs are typically used by borrowers who plan to sell their… Read More »What is an Adjustable-Rate Mortgage?
Online quizzes are a fun way to pass the time and test your knowledge, but they can also be a way for scammers to steal your personal information. In recent years, online quiz scams have become more prevalent, posing a risk to anyone who takes the bait. Here are some things to look for to… Read More »Beware of Online Quiz Scams
Home warranty scams are rising. with millions of dollars lost to fraudsters each year. These scams can take many forms, but they all share one common goal: stealing your money. Scammers often pretend to be from companies you know and trust. For example, TEG Federal Credit Union members have reported receiving an unexpected letter from… Read More »Home Warranty Scams
Zelle® is a fast, safe, and easy way to send and receive money with people you trust, like your babysitter, coworkers, fellow PTA mom, or your son’s soccer coach. Whether you just enrolled with Zelle® or have been an active user for a while, there are a few tips you should always keep in mind… Read More »How to Use Zelle to Safely Send Money
