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 Fraud Alert! 

The National Credit Union Administration has warned of a new phishing scam using the agency's name in an attempt to obtain consumer debit card account numbers.
 
The scammers have set up an automated message, claiming to be from the NCUA, which erroneously informs consumers that their debit card has been deactivated. The consumer is then instructed to press 1 on their phone, and enter their 16 digit account number, to reactivate their card.
 
Consumers should be aware this is not a call from NCUA, and if they receive it, should notify NCUA's Fraud Hotline, toll-free, at 800-827-9650 or 703-518-6550 in the Washington, D.C., area, the agency said.
 
The NCUA provides fraud alerts, and avoidance and detection resources, on the ncua.gov fraud information center.
 

 

 

 

 

 

 

 

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Notice of Changes in Temporary NCUA Insurance Coverage for Transaction Accounts

In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, through December 31, 2012, all funds in "non interest-bearing transaction accounts" are insured in full by the National Credit Union Administration. 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 "non interest-bearing transaction account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. The temporary full insurance coverage of "non interest-bearing transaction accounts" expires on December 31, 2012. After December 31, 2012, funds in non interest-bearing transaction accounts will be insured under the NCUA's general share insurance rules, subject to the Standard Maximum Share Insurance Amount of $250,000.
 

 

  

 

 

 

 

 

 

 

 

 

 
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Marriott Employees' Federal Credit Union | P.O. Box 6006 Bethesda, Maryland 20827-6006 | 1.800.821.7280
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