While Teens and Young Adults may be digital natives, their inexperience makes them susceptible to online scammers. In fact, according to a new report from the Federal Trade Commission, 40% of people age 20 to 29 indicated they lost money in fraud schemes in 2017 compared to 18% of people age 70 and older. While the results of the survey contradict the stereotype of tech-savvy young people, experts say younger consumers are far more open to sharing personal information online.

Here are some common scams targeting Teens and Young Adults to be on the lookout for to avoid becoming a victim.

Knock-offs

Scammers create online ads and online stores supposedly selling cheap designer goods, electronic gadgets and other luxury items. However, these companies are not licensed to sell those goods or the products are imitations.

Fake Scholarship Offers

With the rising cost of college to pay for, scammers use fake scholarship and financial aid offers to steal personal information from students.

Make Money Fast

Who wouldn’t want to make money easy and fast on the internet? So, cyber criminals promise non-existent jobs and get rich quick schemes. Victims are lured into giving away personal information or financial data with the promise of a well-paid job that will bring in lots of money in a short period of time or receive an offer to invest in a great opportunity with a huge payout. Although these scams may not target Teens and Young Adults, they may fall victim to them.

Contests

Aspiring young artists and writers are lured to arts and literature contests. The creative young people submit their works for a fee only to find out they need to send more money to see their writing published or to win an even bigger prize.

Acting & Modeling Scams

“A Talent Scout” is looking for America’s Next…fill-in-the blank. All that is required is paying for head shots or acting lessons upfront. And after handing over hundreds or thousands of dollars, no auditions or bookings occur. The acting and modeling industries are rife with these scams.

Employment & Training Scams

Enterprising Teens and Young Adults can find it difficult to find seasonal work, so online scammers offer jobs where they can work from home online. The only hook is they need to buy a bunch of products or pay for training up-front. Then, these unethical companies don’t deliver jobs or training as promised.

Online Auctions

There are at least two versions. First, after bidding on and winning an online auction, you find out the item doesn’t exist or never arrives. Or, the unsuspecting Teen or Young Adult sells their items online. The buyer says the payment is on the way and urges them to ship the item right away, but the payment never arrives.

To Good To Be True

While Teens and Young Adults maybe tech-savvy, their inexperience and online habits makes them highly susceptible to online and social media scams. Here are some tips to avoid becoming a victim:

  • If it looks to good to be true, it likely is. Stay away.
  • Look for online stores and auction sites with good reviews and ratings from real people
  • Walk away from a contest, job or scholarship offers that require you to pay upfront
  • Never give out your personal information unless you are confident you can trust the person or company you are interacting with

You can use your EECU debit card anywhere you see the Mastercard® logo whether you are traveling locally or abroad. And, here are three services to help you travel worry free:

#1 Stay Informed with Debit Card Activity Alerts

These customizable, real-time text and email alerts let debit cardholders proactively monitor their account. You can choose which alerts you want to receive and set the dollar amounts that will trigger certain alerts, which will be sent via text message or email.

  • To set-up the Debit Alert feature within online banking, select Additional Services > Debit Card Management > Debit Alerts. And within the mobile banking app, Debit Alerts can be found under More > Debit Card Management > Debit Alerts.

#2 Stay Aware with Debit Card Fraud Text Alerts

EECU provides automatic fraud detection and alerts for your debit card. If potential fraud is suspected, we will contact you immediately to help protect your account.

  • To set up the Debit Fraud Text Alerts quickly and easily click here.

#3 Stay in Control with Debit Card On/Off Switch

EECU debit cardholders have the ability to turn their debit card(s) ON or OFF. This feature lets you take control of your debit card and protect against unauthorized use. If you have misplaced your card, turn it to the OFF position. If you find it, and feel your account has not been jeopardized, turn it back ON and continue to use your card. If you use your card infrequently or are traveling without your card, turn it OFF. Then, turn it ON when you are ready to use it. You are in control.

  • In online banking, select Additional Services > Debit Card Management > Turn Debit Card On/Off. And in the mobile banking app, select More > Debit Card Management > Turn Debit Card On/Off

Lost or Stolen Credit or Debit Card

If you think your card has been lost or stolen, please notify EECU immediately to protect against any fraudulent activity, and get your card replaced.

  • Has your EECU credit card been lost or stolen? Contact our 24-hour hotline at 1-800-442-4757.
  • For a lost or stolen EECU debit card, call our Member Contact Center at 817-882-0800 and select “Option 2”.

Questions? Call our Member Contact Center at 817-882-0800 and we’ll be happy to assist you.

Enjoy your worry-free trip!

Don’t leave home without your EECU credit card and debit card. And, please make sure you contact EECU before you leave. By letting us know when and where you are traveling, this will help ensure uninterrupted use of your EECU debit and credit card whether you are traveling domestically or internationally.

It’s easy, here’s how: Travel Notifications.

 

To set-up Travel Notifications for your EECU Credit Card, call our Member Contact Center at 817-882-0800.

 

To set-up Travel Notifications for your EECU Debit Card in online banking:

  1. Login to Online Banking at www.eecu.org
  2. Select Additional Services > Debit Card Management > Travel Notification
  3. Click on Add New Travel Notification
  4. Fill in your travel dates and add your destination(s)

 

To set-up Travel Notifications for your EECU Debit Card in mobile banking:

  1. Login to Mobile Banking with the EECU app
  2. Select More > Debit Card Management > Travel Notification
  3. Click on Add New Travel Notification
  4. Fill in your travel dates and add your destination(s)

 

Questions? Call our Member Contact Center at 817-882-0800 and we’ll be happy to assist you.

Please allow at least 48 hours prior to your departure for us to make sure your card(s) are noted with your plans and will be available during that time.

Safe travels!

Buying or selling a home can be complicated. Fortunately, you can get answers fast during our Real Estate Day featuring local real estate and mortgage experts. Discover a better way to buy or sell your home that could save you thousands of dollars. Plus, get answers to your questions, like:

  • What is my home worth?
  • What to expect from my local real estate market?
  • How to get started buying or selling your home?
  • How can I get HomeAdvantage1 Cash Rewards2 averaging $1,5003 on your next home?

By selecting the right people to guide you through the process, you will shorten the buy/sell timeline and smooth the move to your new home. We look forward to making home financing faster and friendlier for you.

There is no need to RSVP, we’ll see you there!

 

Calendar Real Estate Agent Day:

EECU Burleson Financial Center

Date: Saturday, May 19

Location: 750 NE Alsbury Blvd., Burleson, TX 76028

Time: 10:00 a.m. to 1:00 p.m.

 

Can’t make it? Don’t worry. Give us a call at (817) 882-0181 or visit our Home Loan Center online.

NMLS # 500516

1 HomeAdvantage is a registered trademark of CU Realty Services. The HomeAdvantage program is made available through a relationship between EECU and CU Realty Services. EECU and CU Realty Services are separate legal entities. 2 HomeAdvantage Cash Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers and sellers are not eligible for Cash Rewards if they use an agent outside of the HomeAdvantage network. Using EECU for a purchase mortgage loan is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commission paid to the agent. Please consult with EECU for more details on how Cash Rewards will be paid. Cash Rewards are void where prohibited by law. 3 Cash Rewards example shown is based on a 3% agent commission rate and a purchase mortgage loan amount of $250,000. Since agent commissions rates vary, your actual Cash Rewards may vary accordingly. The Cash Rewards can be applied as a credit towards closing costs. Applicants are not entitled to cash back. Usual and customary buyer closing costs include, without limitation: escrow fee, appraisal fee, loan document preparation fee, recording fee, courier fee, and prepaid items such as flood and hazard insurance and ad valorem taxes. Subject to any home buyers or sellers who have already entered into a purchase contract and have otherwise qualified for the Cash Rewards program, the Cash Rewards program may be terminated by EECU at any time in its sole discretion.

Are you in the market to buy or sell a home? Meet with local real estate and mortgage experts and discover a better way to buy or sell your home that could save you thousands of dollars. Plus, get answers to your questions, like:

  • What is my home worth?
  • What to expect from my local real estate market?
  • How to get started buying or selling your home?
  • How does EECU make home financing faster and friendlier?
  • How can I get HomeAdvantage1 Cash Rewards2 averaging $1,5003 on your next home?

There is no need to RSVP, we’ll see you there!

 

Calendar Real Estate Agent Day:

EECU Southlake Financial Center

Date: Friday, May 11

Location: 1460 W. Southlake Blvd., Southlake, TX 76092

Time: 3:00 p.m. to 6:00 p.m.

 

Can’t make it? Don’t worry. Give us a call at (817) 882-0181 or visit our Home Loan Center online.

NMLS # 500516

1 HomeAdvantage is a registered trademark of CU Realty Services. The HomeAdvantage program is made available through a relationship between EECU and CU Realty Services. EECU and CU Realty Services are separate legal entities. 2 HomeAdvantage Cash Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers and sellers are not eligible for Cash Rewards if they use an agent outside of the HomeAdvantage network. Using EECU for a purchase mortgage loan is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commission paid to the agent. Please consult with EECU for more details on how Cash Rewards will be paid. Cash Rewards are void where prohibited by law. 3 Cash Rewards example shown is based on a 3% agent commission rate and a purchase mortgage loan amount of $250,000. Since agent commissions rates vary, your actual Cash Rewards may vary accordingly. The Cash Rewards can be applied as a credit towards closing costs. Applicants are not entitled to cash back. Usual and customary buyer closing costs include, without limitation: escrow fee, appraisal fee, loan document preparation fee, recording fee, courier fee, and prepaid items such as flood and hazard insurance and ad valorem taxes. Subject to any home buyers or sellers who have already entered into a purchase contract and have otherwise qualified for the Cash Rewards program, the Cash Rewards program may be terminated by EECU at any time in its sole discretion.

Are you considering the right time to buy or sell a home? A good first step is getting expert advice. Our personal mortgage advisors and valued real estate partners are here for you.

Join us for our Real Estate Days. Find out how to get started buying or selling your home and how EECU makes home financing faster and friendlier.

Plus, you can discover how to get HomeAdvantage1 Cash Rewards2 averaging $1,5003 on your next home.

There’s no need to RSVP. We’ll see you there.

 

Calendar Real Estate Days:

EECU Little Road

Date: Friday, April 27

Location: EECU Little Road Financial Center, 1253 N. Little School Rd., Arlington, TX 76017

Time: 3:00 p.m. to 6:00 p.m.

 

EECU Mansfield

Date: Saturday, April 28

Location: EECU Mansfield Financial Center, 1720 U.S. 287 Frontage Rd., Mansfield, TX 76063

Time: 10:00 a.m. to 1:00 p.m.

 

Can’t make it? Don’t worry. Give us a call at (817) 882-0181 or visit our Home Loan Center online.

NMLS # 500516

 

1 HomeAdvantage is a registered trademark of CU Realty Services. The HomeAdvantage program is made available through a relationship between EECU and CU Realty Services. EECU and CU Realty Services are separate legal entities. 2 HomeAdvantage Cash Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers and sellers are not eligible for Cash Rewards if they use an agent outside of the HomeAdvantage network. Using EECU for a purchase mortgage loan is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commission paid to the agent. Please consult with EECU for more details on how Cash Rewards will be paid. Cash Rewards are void where prohibited by law. 3 Cash Rewards example shown is based on a 3% agent commission rate and a purchase mortgage loan amount of $250,000. Since agent commissions rates vary, your actual Cash Rewards may vary accordingly. The Cash Rewards can be applied as a credit towards closing costs. Applicants are not entitled to cash back. Usual and customary buyer closing costs include, without limitation: escrow fee, appraisal fee, loan document preparation fee, recording fee, courier fee, and prepaid items such as flood and hazard insurance and ad valorem taxes. Subject to any home buyers or sellers who have already entered into a purchase contract and have otherwise qualified for the Cash Rewards program, the Cash Rewards program may be terminated by EECU at any time in its sole discretion.

In celebration of Financial Literacy Month, EECU is announcing that in less than a year its digital financial literacy program has reached nearly 5,000 students in 30 different North Texas high schools.

“Data shows that rigorous financial education delivered in a young person’s development leads to positive financial behaviors,” said Lonnie Nicholson, President & CEO, EECU. “By providing students with the knowledge they need to make smart financial decisions, we are investing in the future economic well-being of the communities we serve in North Texas.”

The EECU program is comprised of nine different on-line courses, each taking approximately 40 minutes to complete. The curriculum is provided free of charge and aligns with state and national financial education standards. The topics cover budgeting, savings, banking, payment types, credit, debt, renting vs. owning, insurance, taxes, consumer protection, investing, and financing higher education.

The platform tracks the progress of every student and provides this data to teachers. Additionally, students who take all nine courses and pass the post-test with a 70 percent or higher score receive an accreditation. Approximately 500 high school students have received their certification.

Students who participate in the course take both pre-test and post-tests to measure knowledge gain. The students who completed EECU’s financial literacy programs increased their scores on financial literacy assessments from a D average to a B+. Twice as many high school students report feeling prepared to manage their financial futures after participating in the program.

“There is tremendous need for financial education with our youth,” said David Saenz, Fort Worth ISD executive director of College & Career Readiness. “This financial knowledge can improve the trajectory of these students’ lives.”

EECU launched this program in the fall of 2017, and they plan to continue to roll-out the free program to additional high schools. For High Schools interested in participating in the program please call Barbara Walker, EECU’s Director of Community Involvement and Social Responsibility at 817-882-0472.   EECU is working with EverFi, a national leader in on-line education.

EECU has awarded $40,000 in college scholarships to support eight local graduating high school students. The EECU scholarship program began more than 30 years ago and honors former board member Glenn Mandeville, a life-long educator. Since that time, EECU has provided more than $500,000 in scholarship money to local students.

“EECU has a deep commitment to education,” said Lonnie Nicholson, EECU President and CEO. “Higher education can be an essential springboard to building productive lives, but unfortunately, college costs also can be a significant burden. EECU is proud to be able to recognize and financially assist these deserving students, and we wish them tremendous success in their academic pursuits.”

At the annual EECU meeting on March 27, EECU recognized the following eight students, who are 2018 scholarship recipients. Each student will receive a $5,000 scholarship from EECU:

  • Kara Derrick, Joshua High School, Joshua, TX plans to study business
  • Sonia Diaz, Young Women’s Leadership Academy, Fort Worth, TX plans to study Civil Engineering
  • Mena Galvan, Trinity Christian Academy, Hudson Oaks, plans to study Education
  • Trevor Hall, Oakridge School, Arlington, TX plans to study Biology
  • Hannah Lei, Arlington High School, Arlington, TX plans to study Computer Engineering
  • Colton Morrow, Fossil Ridge High School, Fort Worth, TX plans to study Education
  • Bryan Shortt, Richland High School, North Richland Hills, TX plans to study Biology/Pre-Medicine
  • Alena Williams, Fossil Ridge High School, Fort Worth, TX plans to study Education

The students were selected via a review process that included academics, attendance, service to community, extracurricular leadership activities, references and an essay.

To help our members track their financial health, EECU is providing members with a loan or checking account free access to their FICO® Scores beginning March 26th. Here is what you can expect. Your EECU FICO® Score dashboard will be located within your online and mobile banking app and can be accessed in three easy simple steps: 1) login, 2) select “Additional Services” in online banking or “More” in the mobile banking app, then 3) select “My FICO Score”. Your FICO® score will be updated quarterly and your dashboard will provide key factors that influence your credit score.

The FICO® Score is the standard measure of U.S. consumer credit risk. It helps determine your ability for getting a loan and what interest rate you will pay. The higher the score, the better financing options and rates you have.

The classic FICO® Scores which are in use today by the vast majority of lenders fall within the 300‐850 score range. This score range was introduced to establish an easy‐to‐understand, common frame of reference for lenders and consumers alike.

Why am I seeing my FICO® Score?

EECU is providing you with free access to your FICO® Score to help you know where you stand with your credit and plan for the future. The score provided under this service is intended for educational purposes.

What is a credit score?

FICO® Scores are a three-digit number that summarize your credit risk. Scores are based on a snapshot of your credit file at particular consumer reporting agencies at a particular point in time, and help lenders evaluate your credit risk. FICO® Scores influence the credit that’s available to you and the terms, such as interest rate, that lenders offer you.

How are FICO® Scores calculated?

FICO® Scores are calculated from many different pieces of credit data in your credit report. This data is grouped into five categories as outlined below. The percentages reflect how important each of the categories is in determining how FICO® Scores are calculated.

  • Payment History: 35%
  • Outstanding Debt: 30%
  • Credit History Length: 15%
  • Pursuit of New Credit: 10%
  • Credit Mix: 10%

How can I see my FICO® Score?

To view your FICO® Score in EECU’s online banking: login, select “Additional Services” and then “My FICO Score”. To view your FICO® Score in EECU’s mobile banking app: login, select “More” and then “My FICO Score.”

Will receiving my score from EECU impact my credit?

No. We provide your FICO® Score as a free benefit that does not affect your credit in any way.

What if I don’t see my FICO® Score when I log into EECU’s online or mobile banking service?

Your score won’t be available if: you do not have a loan or checking account with EECU, you have a joint account (only the primary account holder’s FICO® Score will be displayed), you recently opened a new account – FICO® Scores are pulled quarterly, you do not have enough credit history to generate a score, or you are on Experian’s block consumer file list.

 How do I check my credit report?

Because your FICO® Score is based on the information in your credit report, it is important to make sure that the credit report information is accurate. You may get a free copy of your credit report annually. To request a copy of your credit report, please visit: http://www.annualcreditreport.com . Please note that your free credit report will not include your FICO® Score. You can also request your credit report by calling toll-free: (877) 322-8228. Or, you can request your credit report by mail: 1) Download the request form. 2) Print and complete the form. 3) Mail the completed form to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.

FICO® Scores can only be provided for the primary account holder on the membership account. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.

You may be asking yourself, which comes first finding a mortgage lender or a real estate agent? Do both at once at EECU on March 19-26. We’ve arranged for you to meet with our mortgage experts and top local real estate agents. That way you can save time and money. Knowing how much of a home you can afford before looking at properties helps you and your real estate agent find a home you’ll love and one that meets your budget.

Join us for our Real Estate Agent Days. Get moving with a real estate agent and get prequalified for a mortgage. Plus, you can discover how to get HomeAdvantage1 Cash Rewards2 averaging $1,5003 on your next home.

There’s no need to RSVP. We’ll see you there.

 

Calendar Real Estate Agent Days:

EECU Hurst Financial Center

Date: Monday, March 19

Location: 1600 Campus Drive, Hurst, TX 76054

Time: 11:00 a.m. to 1:00 p.m. and 3:00 p.m. to 5:00 p.m.

 

EECU Little Road Financial Center

Date: Friday, March 23

Location: 1253 N. Little School Road, Arlington, TX 76017

Time: 11:00 a.m. to 1:00 p.m. and 4:00 p.m. to 6:00 p.m.

 

EECU Mansfield Financial Center

Date: Saturday, March 24

Location: 1720 U.S. 287 Frontage Road, Mansfield, TX 76063

Time: 9:00 a.m. to 1:00 p.m.

 

EECU Northside Financial Center

Date: Monday, March 26

Location: 301 NW 28th St #121, Fort Worth, TX 76164

Time: 11:00 a.m. to 1:00 p.m. and 3:00 p.m. to 5:00 p.m.

    

Can’t make it? Don’t worry. Give us a call at (817) 882-0181 or visit our Home Loan Center online.

NMLS # 500516

1 HomeAdvantage is a registered trademark of CU Realty Services. The HomeAdvantage program is made available through a relationship between EECU and CU Realty Services. EECU and CU Realty Services are separate legal entities. 2 HomeAdvantage Cash Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers and sellers are not eligible for Cash Rewards if they use an agent outside of the HomeAdvantage network. Using EECU for a purchase mortgage loan is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commission paid to the agent. Please consult with EECU for more details on how Cash Rewards will be paid. Cash Rewards are void where prohibited by law. 3 Cash Rewards example shown is based on a 3% agent commission rate and a purchase mortgage loan amount of $250,000. Since agent commissions rates vary, your actual Cash Rewards may vary accordingly. The Cash Rewards can be applied as a credit towards closing costs. Applicants are not entitled to cash back. Usual and customary buyer closing costs include, without limitation: escrow fee, appraisal fee, loan document preparation fee, recording fee, courier fee, and prepaid items such as flood and hazard insurance and ad valorem taxes. Subject to any home buyers or sellers who have already entered into a purchase contract and have otherwise qualified for the Cash Rewards program, the Cash Rewards program may be terminated by EECU at any time in its sole discretion.