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Newsletters

Stay informed with CODE's monthly Success Newsletter. You'll be able to read about rates, specials, events, promotions, and educational articles that appeal to everyone.

To read the latest news and updates, select the newsletter below.

• February Newsletter(pdf)
• January 2012 Newsletter(pdf)

Our newsletters are available in Adobe Acrobat format. If you do not have Acrobat Reader,
click here to download a copy for free.

 

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Updates

NOTICE OF CHANGES IN TEMPORARY NCUA INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a ''noninterest-bearing transaction account'' are insured, in full, by the National Credit Union Administration (NCUA) through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to members under the NCUA's general share insurance rules. The term ''noninterest-bearing transaction account'' includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal (''NOW'') account, money market deposit account, and Interest on Lawyers Trust Account (''IOLTA''), even if share drafts may be drawn on the account.
For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.

New Phishing Campaign Identified

Researchers from AppRiver, an email security vendor, have identified a new phishing campaign that targets merchant accounts from a payment processing vendor called First Data. First Data is an Atlanta-based provider of online and on-site payment solutions which caters to merchants, financial institutions and government agencies.
The emails detected by AppRiver contain “MERCHANT ACCOUNT UPDATE” as the subject line and claim to be from “FIRSTDATA SERVICES.” The message within reads: "Dear First Data customer, please update your login. Download the attachment in this e-mail and proceed." The attachment entitled “Update Your Account Information.html,” which when opened inside the browser, displays a fraudulent First Data Global Gateway login page which attempts to gather the merchant’s store number, user ID, tax ID, phone number and password.
Once the hacker has gained access to the First Data account, he/she most likely has gained control of that specific merchants account.

Source: Softpedia 

 

THE LATEST PHONE SCAM Targets Your Bank Account
Imagine getting hundreds or thousands of calls on your home, business, or cell phone, tying up the lines. And when you answer, you hear anything from dead air to recorded messages, advertisements, or even phone sex menus. It’s annoying, no doubt. But it could be more than that—it could be a sign that you’re being victimized by the latest scam making the rounds. This ”telephone denial-of-service attack“ could be the precursor to a crime targeting your bank accounts. Denial-of-service attacks, by themselves, are nothing new—computer hackers use them to take down websites by flooding them with large amounts of traffic. In a recent twist, criminals have transferred this activity to telephones, using automated dialing programs and multiple accounts to overwhelm the phone lines of unsuspecting citizens. Why are they doing it? Turns out the calls are simply a diversionary tactic: while the lines are tied up, the criminals—masquerading as the victims themselves—are raiding the victims’ bank accounts and online trading or other money management accounts. Here, in a nutshell, is how the whole thing works: Weeks or months before the phone calls start, a criminal uses social engineering tactics or malware to elicit personal information from a victim that this person’s bank or financial institution would have—like account numbers and passwords. Perhaps the victim responded to a bogus e-mail phishing for information, inadvertently gave out sensitive information during a phone call, or put too much personal information on social networking sites that are trolled by criminals. Using technology, the criminal ties up the victim’s various phone lines. Then, the criminal either contacts the financial institution pretending to be the victim…or pilfers the victim’s online bank accounts using fraudulent transactions. Normally, the institution calls to verify the transactions, but of course they can’t get through to the victim over the phone. If the transactions aren’t made, the criminals sometimes re-contact the financial institution as the victim and ask for it to be done. Or they add their own phone number to victims’ accounts and just wait for the bank to call. By the time the victim or the financial institution realizes what happens, it’s too late. Law enforcement and industry response The FBI first learned about this emerging scheme through one of its private industry partners, which told us how a Florida dentist lost $400,000 from his retirement account after a denial-of-service attack on his phones. And as of April of this year, there has definitely been a noticeable surge in telephone denial-of-service attacks, with numerous incidents having been reported in several Eastern states. To help fight these schemes, the FBI has teamed up with the Communication Fraud Control Association—comprised of security professionals from communication providers—to analyze the patterns and trends of telephone denial-of-service attacks, educate the public, and identify the perpetrators and bring them to justice. Source: http://www.fbi.gov/page2/june10/phone_062110.html

 

Call CODE Credit Union (937-222-8971) if you believe you received a fake bank alert messages and would like to verify if CODE sent the message. A fake message from a local bank says that your card is being suspended and that you need to call this toll free number to activate it. Of course, the toll free number does not belong to the bank and when you call they ask to verify your account information, which includes your name, date of birth, SSN, address, credit card number, etc. Once they have your personal information, they can use it to commit identity theft charging your existing credit cards, opening new credit card, checking, or savings accounts, writing fraudulent checks, or taking out loans in your name.

Source: http://800notes.com/arts/LFRVNXyqwQBNrAjLF8wQyg

The FBI urges consumers and small- and medium-sized business to take the following steps to avoid being a victim of this new scam:

• Never give out personal information to an unsolicited phone caller or via e-mail
• Change online banking and automated telephone system passwords frequently
• Check your account balances often
• Protect your computers with the latest virus protection and security software.

If you think you may have been targeted by a telephone denial-of-service attack, contact your financial institution and your telephone provider, and file a complaint with the FBI's Internet Crime Complaint Center.

See full article from WalletPop: http://srph.it/cqnNgF

Holiday Schedule

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