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scam alert

The Federal Trade Commission (FTC) is warning consumers about text message scams.

Beware of Text Message Scams

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 FTC listed the top five text message scams. They provided examples of how scammers create deceptive messages to trick people. In 2022, text message scams caused consumers to lose $330 million, which is over twice the amount reported in 2021. The number of reports regarding …

Home Warranty Scams

Home Warranty 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 Helping Hand Home Warranty telling them their home warranty is about to expire.

The credit union’s name on the letter makes it misleadingly look like it comes from a legitimate business, and naturally, recipients might be confused and concerned. Make sure you read the fine …

postal mail theft

Postal Mail Theft

Protect yourself from USPS mail theft

If you live in Hudson Valley, it’s time to get on the defensive regarding mail theft. With rising reports of statements, packages, letters, and other important documents going unchecked due to a significant increase in mail thefts across the state, this is not something NY residents can afford to ignore. From unscrupulous individuals stealing mail right out of people’s mailboxes to sophisticated corporate schemes involving employee fraud and identity theft, unfortunately, anyone receiving or sending mail could be at risk for experiencing a violation of their privacy – and possibly even having their financial information compromised.

What is postal mail

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Keep yourself safe from scams and fraud

Keep Yourself Safe from Scams and Fraud

Scams targeting people often play on their trust. We want to empower you to spot the latest scams and know a fraud when you see it. We are seeing an increase in phishing telephone scams involving fraudsters posing as members of a technology department, fraud department, utility, or government entity.

TEG is committed to keeping your personal and account information secure. We will never contact you via phone, e-mail, or text message to ask for your account number, social security number, or password. However, if you initiate a call to us, we will ask for some identifying information before we …

Man leaning against bicycle on his cell phone

How Can I Protect Myself from Payment App Scams

Q: I love the convenience of payment apps, like Cash App and Venmo, but I’ve heard there’s been an increase in scams being pulled off within these apps. How can I continue to use my payment apps without compromising my safety?

A: Payment apps offer users the ability to effortlessly send payments to friends, making it easy to split the tab at a shared meal, buy a present for a mutual friend and quickly pay back a small loan. Unfortunately, though, scammers are using these apps to cheat people out of their money.

Here’s all you need to know about …


APY = Annual Percentage Yield ▪️ APR = Annual Percentage Rate ▪️ All rates and offers are subject to change without notice. ▪️ All financing is subject to approval and is based on an evaluation of credit history, so your rate may differ. ▪️ Please consult with qualified professionals to discuss your situation. ▪️ The calculators on the TEGFCU website are provided for educational purposes and results may differ based on the terms and conditions of specific products and may not apply to you.
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