Stronger Than Steel

Yin and Yang. Good and Evil. Positive and Negative. There are two sides in every situation.  Sometimes you have to look very hard to see these opposite forces at play and sometimes, especially in times of difficulty, they are as clear as day.  People say one cannot exist without the other; that you cannot know good unless you know bad, that you can’t experience joy without knowing sadness.  There is a balance to nature and there will always be those dichotomies.  Yet, I am ever hopeful that the balance will always weigh more heavily on the positive and we will see more similarities and good amongst ourselves than differences even though it is the differences that seem to be made more visible and given to louder, crueler voices.  Such is life these days, I guess.  However, in times of adversity, such as these recent days at Freedom, my hope has been renewed.

I have seen employees put everything aside, go above and beyond, to help those in need, quell fears, and answer questions.  I have met members who have remained supportive, showed great understanding and patience because of the reputation we built and the trust we earned over the years.  We have had numerous messages showing appreciation for our efforts, but I know that does not mean this situation wasn’t difficult or that it didn’t cause frustration.  Every member of my family, myself included, experienced the same.  However, one detour on the road does not stop the journey or end the mission. It simply emboldens us to carry on and strive harder.  Even in the face of adversity and when others outside of Freedom or our membership use this as an opportunity to build up their own image by tearing us down, when they convey false information despite being told the facts; we persevere, we remain steadfast, professional and committed to our members and our community.

They say the strongest steel is forged by the hottest fires.  It is pounded and struck repeatedly before it’s plunged back into the molten fire. The fire gives it power and flexibility, and the blows give it strength.  Freedom is that steel.  We are not defined by the trials we face but by how we come through them.

We greatly appreciate the support we have received.  We appreciate the recognition that in 70 years nothing has tested us like this.  We appreciate the opportunity to continue to serve and to earn your patronage and trust every day.  We are a community institution, a not-for-profit cooperative committed to, and reliant upon, our members, our employees and our community.  That will never change.  So, as you stay the course with us, as you turn from negative emotions, as you ignore those opportunistic voices that would try to convince you otherwise, you will see that we are who we have always been; we are your partner, we are your advocate, we are your Credit Union.

We are Freedom.

Beware Tax Filing Scams

ax Filing Scam

It’s tax time! Unfortunately, that means there are thousands of scammers looking to steal your information and your tax refund by posing as authentic tax preparers. Here’s all you need to know about these scams and how to keep safe.

How the scam plays out: In a tax filing scam, a victim will hire an alleged tax preparer to do their taxes. The scammer then uses the victim’s information to file a tax return in the victim’s name. They’ll change some important details on the tax form, such as a checking account number or mailing address, and then collect the victim’s refund. By the time the victim realizes what’s happened, they’ve lost the money owed to them by the IRS and are now vulnerable to deeper identity theft.

Protect yourself: The best way to stay safe from a tax filing scam is to do your research carefully before hiring a tax preparer. First, avoid pop-up ads when choosing a tax preparer, especially those that are riddled with typos. Research any preparers you consider hiring by asking for references of previous clients and by looking for a physical address on their website. Be suspicious, as well, if they promise a large return without knowing anything about your finances.
Second, before hiring an individual or an agency to do your taxes, ask to see their Preparer Tax Identification Number (PTIN). If the “preparer” refuses to share their PTIN, you’re being scammed.
Finally, if you’ve already hired a preparer but you’re suspicious about their authenticity, look for these red flags:

• The preparer inflates numbers that affect your tax liability.
• The preparer claims ineligible individuals as your dependents.
• The preparer asks you to sign a blank form and promises to fill out the remainder after you sign.
• The preparer refuses to sign your form.

If your tax preparer follows any of the above practices, terminate your relationship with them immediately.

If you’ve been targeted: If you’ve been targeted by a tax filing scam, report it to the authorities as quickly as possible. Let the FTC know about the scam and alert the IRS. If you’ve shared personal information with the scammer, you are now vulnerable to identity theft. Check out the federal government’s page on identity theft recovery to learn what steps to take next.
Stay safe!

Questions? Want more information on Freedom? Contact a Freedom Federal Credit Union representative at freedomfcu.org or 1-800-440-4120.

About Freedom Federal Credit Union
Freedom Federal Credit Union is proud to be your financial partner. Freedom serves and is open to anyone who lives, works, worships, attends school, volunteers, or has family in Harford or Baltimore County, MD. As a credit union, we are committed to putting you first, not shareholders, and helping you achieve your financial goals.
Learn more at freedomfcu.org or call 410-612-2135 to see how we can help.

 

Your Turn: Have you ever been contacted by a tax-related scammer? Tell us about it on Facebook, LinkedIn,Twitter, or Instagram @FreedomFedCU.

 

About Freedom Federal Credit Union

Freedom Federal Credit Union is a community-chartered federal credit union offering consumer financial services to those who live, work, volunteer, worship, attend school, or have family in Harford and Baltimore Counties. Additionally, Freedom offers a full-line of banking services for all businesses, associations, and other organizations that are based in Harford or Baltimore County.  Freedom has been in business since 1953 and has six locations throughout Harford and Baltimore County. To learn more, visit freedomfcu.org.

 

4 Scams to Watch Out for this Black Friday

Black Friday ScamsBlack Friday has traditionally been the day that ignites the holiday shopping season, sending masses of crowds through retailers across the nation. Unfortunately, it’s also a day that spawns a season of shopping scams.

Here are four scams to watch out for on Black Friday and throughout the holiday shopping season:

  1. The Amazon Prime service fraud scam

In this ruse, a scammer posing as an Amazon representative, will call to notify a target about an alleged problem with their Prime account. The victim is prompted to download a tool onto their computer or mobile device so the caller can gain remote access for “helping them resolve the problem” at hand. They’ll then be instructed to log onto their banking account so the caller can be compensated for their time. Unfortunately, this will give the scammer free reign over the victim’s accounts.

  1. Phishing emails

In these scams, the victim receives an email allegedly sent by Amazon or another large retailer, asking them to verify or update their account. Or, it might be to supposedly confirm an order. By using the link dropped into the email, the user will give their personal information directly to the scammer.

  1. Delivery issues

Delivery scams generally take the form of a message appearing to be from UPS or another delivery service, informing the victim of a “delivery issue” with an order. They’ll be asked to confirm or update their info using a provided link. Doing so gives the scammer access to their financial information and opens the door to identity theft and more.

  1. Non-delivery scam

This scam involves a purchased gift that never arrives. Unfortunately, the seller disappears after payment, leaving the victim with no way of notifying them about the no-show or for requesting a refund.

Avoid Black Friday scams

  • Never grant a stranger access to your device and/or accounts.
  • Don’t open links sent in emails from unverified contacts.
  • Never share sensitive information with an unknown contact.
  • Keep the privacy and spam settings on your devices at their strongest settings.
  • If you have an issue with an ordered item, contact the retailer directly through their site.
  • When shopping on a new site, look for a physical address, a customer service number and copy that’s free of spelling errors.

Stay safe!

If you receive something suspicious via text, email, or mail, related to your financial accounts please don’t hesitate to reach out if you are unsure.  

Your Turn: Have you encountered a scam like this before? Tell us about it on Facebook, LinkedIn,Twitter, or Instagram @FreedomFedCU.