Protect Your Financial Health From Coronavirus Scams

Scammers are taking advantage of the coronavirus situation, and we’d like to share these ways to stay safe.

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At WCCU, we care about your financial health and your physical health, too. During this time of turmoil, scammers are ramping up their efforts to exploit your fears and the unknowns. We have a few recommendations to keep your personal information and finances safe:

  1. Don’t click on links from sources you don’t know — they could download viruses onto your computer or phone. Be suspicious of emails claiming to be from the Centers for Disease Control and Prevention (CDC) or experts saying that have information about the virus. For the most up-to-date information about the coronavirus, visit the CDC website directly.
  2. Ignore online offers for vaccinations. There currently are no vaccines, pills, potions, lotions, lozenges or other prescription or over-the-counter products available to treat or cure coronavirus disease 2019 (COVID-19).
  3. Do your homework when it comes to donations, whether through charities or crowdfunding sites. Don’t let anyone rush you into making a donation. If someone wants donations in cash, by gift card, or by wiring money, don’t do it.

The FTC is monitoring for coronavirus-related scams. Check out their post for more information.

Coronavirus Stimulus Payments: The IRS does not have details about how to receive stimulus payments yet. Please be extra cautious of scams where fraudsters may pretend to be with the IRS and ask for your personal information. There are a few important things to know and share with older family members who may not be as well-informed:

  1. The government will not ask you to pay anything up front to get this money. No fees. No charges. Nothing. If you are asked to pay up front, this is a scam.
  2. The government will not call to ask for your Social Security Number, account numbers or credit card numbers. Anyone who calls you to ask for this is likely a scammer.
  3. No sign-up need; no information available yet. Anyone who tells you they can get you the money right now is a scammer.

For accurate information regarding the stimulus payments, we recommend visiting the IRS Coronavirus Tax Relief page.

United States Treasury Check

For information from WCCU related to the COVID-19 Pandemic, please see our COVID-19 Resources and Updates Page.

For up-to-date information on the virus and resources for your family and community, visit www.cdc.gov/COVID19.

If you come across any suspicious claims or scams, report them to the FTC at ftc.gov/complaint.

If you have any questions related to a potential scam or your financial health, please contact us directly.

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