Recognizing and Evading the Latest Financial Scams

Financial scams are on the rise, and Wyhy Federal is dedicated on helping members in credit unions throughout Wyoming stay safe. From scam emails to bogus loan offers and fraudulent tech support calls, scammers are getting increasingly clever. Here’s how to shield yourself from these common traps.

Recognize Common Scam Tactics

Scammers often pretend as financial institutions, like banks or credit unions, asking for personal information. They might use official-sounding language to gain your trust. Remember, Wyoming credit unions like Wyhy Federal will never ask sensitive information through unsolicited messages.

Key Red Flags to Watch For

• Phishing Emails: Be wary of emails that demand login details or payment information. Always check the sender's address and avoid clicking on unfamiliar links.
• Fake Loan Offers: If a loan seems too good to be true, it probably is. Real financial institutions don’t ask for upfront fees for genuine loans.
• Fake Tech Support: Scammers posing as tech support may request you to install software or provide passwords. If you didn’t solicit support, terminate the call.

Stay alert and report any suspicious activity to Wyhy Federal or your financial institution. Let’s work together to keep our community safe! #WyomingCredit #AvoidScams #FinancialSafety