Common Scams 
​to Know About

Scammers constantly change tactics, but these are some of the most common fraud types affecting credit union members today.

Imposter and
Spoofed Call Scams

Scammers pretend to be your credit union, a company you trust, or a government agency. They may even make the caller ID look legitimate. 

They often claim there is fraud on your account and pressure you to act immediately. Once they gain your trust, they ask for login details, one-time codes, or tell you to move money to a "secure" account that actually belongs to them. These scams frequently lead to losses through debit cards, credit cards, Zelle, bill pay, or external transfers. 

Protect yourself:

• Hang up and call your credit union directly at the number on its official website. 
• Never share verification codes or passwords.
• Do not transfer money in response to unexpected calls or texts.

Romance and
​Celebrity Scams

Scammers build emotional connections through dating apps, social media, or messaging platforms. Sometimes they pretend to be celebrities or public figures. Over time, they create trust and then ask for money, gifts, or personal information. 

They often use stories about emergencies, travel, medical bills, or special opportunities. Many victims are encouraged to keep the relationship secret and may feel embarrassed to report it. These scams commonly target adults 50+, but anyone can be affected. 

Protect yourself:

• Be cautious with people you have never met in person.
• Be skeptical of fast emotional attachment or requests for secrecy.
  
• Celebrities do not privately ask fans for money. 
  
• Never send money or personal information to someone you only know online. 
  

Job and
​Loan Scams

Job scams often target younger adults looking for flexible or remote work, while loan scams target people facing financial stress. Scammers imitate real hiring or lending processes, then request upfront fees, personal information, or banking details. 

They may promise instant approvals, easy money, or quick relief from financial problems. Losses are often smaller at first, but can grow quickly. 

Protect yourself:

• Be wary of jobs that require payment to get started. 
• Avoid lenders who guarantee approval or rush you to make a decision.
  
• Research companies independently before sharing information.
  

Investment Scams

Scammers promise high returns with little or no risk and pressure you to act fast. They may pose as licensed advisors or use professional-looking websites and fake testimonials. 

Victims are sometimes shown fake profits to encourage more investment. When they try to withdraw funds, new "fees" appear, or the scammer disappears. 

Protect yourself:

• Be skeptical of guaranteed or unusually high returns.
  
• Verify licenses through official regulators. 
  
• Never invest based on unsolicited messages or calls. 
  
• Take time to research and talk with a trusted advisor before committing.  

If something feels wrong, trust your instincts and contact your credit union. 
Together, we can protect each other. 

In Partnership with New Mexico Credit Unions: