Protecting Your Wallet: Tips for National Consumer Protection Week

As we enter National Consumer Protection Week, we are reminded of the critical need to protect our financial well-being. This annual remembrance aims to educate consumers about their rights and provide valuable resources to help protect against fraud, scams, and unfair business practices.

Our goal is to empower you with the knowledge and tools needed to make informed financial decisions and confidently navigate the complexities of the financial world. Continue reading for tips, resources, and insights that will help you protect your wallet and maintain a secure financial future.

Stay informed – Scammers are constantly developing new ways to trick people out of their hard-earned money. Stay one step ahead by keeping current on the latest tactics by reviewing reputable sources like the Federal Trade Commission's website. Trust your gut and be wary of phishing attempts. Additionally, monitor your accounts for suspicious activity and review your credit report periodically to catch any signs of identity theft.

Stay vigilant – The connection between using strong, unique passwords and enabling two-factor authentication is crucial for enhancing your online security. Strong passwords make it difficult for attackers to guess or crack your credentials, while 2FA adds additional protection by requiring a secondary verification step. Together, these measures significantly reduce the risk of unauthorized access to your accounts, even if one layer of security is compromised.

Ask an expert – Reach out to your credit union experts to gain access to a wealth of financial knowledge and personalized support tailored to your needs. Whether it's providing guidance on fraud prevention, offering secure banking services, or helping you understand your credit report, your credit union is dedicated to safeguarding your financial well-being.

Utilize these resources to stay informed and proactively protect yourself from scams and fraudulent activities. Trust in your credit union as a reliable partner in navigating the ever-evolving consumer protection landscape.