Fraud Alerts and Trends

Here's a look at the latest fraud trends we are seeing in our region. For fraud prevention tips, visit our library of fraud prevention videos

8/23/2022 - Mail Theft Complaints

Aug 23, 2022, 08:27 AM

What's been happening: According to the U.S. Postal Service Office, Mail and mailbox thefts are on the rise again.  Mail theft complaints more than doubled from March 2020 to February 2021. The criminals rob mailboxes and mail carriers of the master keys to the blue mailbox drops to gain access to the mail. The criminals then sift through to locate checks that can be altered, counterfeited, or sold online.

In several cases, checks have been stolen from USPS mailboxes, as well as personal mailboxes, altered, and negotiated elsewhere. The checks can also be used to open fraudulent new accounts and loans using the name and address information for stolen identities. This continues to be an ongoing issue across the nation

Risk Prevention:

  • Pay bills online or using the credit union’s bill paying service.
  • Mail checks inside the Post Office lobby rather than using blue mailboxes.
  • Log into credit union accounts frequently to review transaction history –looking for unfamiliar transactions.
  • Report unfamiliar and unauthorized transactions immediately to the credit union.