Don’t Fall for Bank Impersonation Scams!
Fraudsters know that the majority of people will act quickly if they receive a text, call, or email claiming there’s an issue with their bank account.
A bank impersonation scam is when someone reaches out pretending to work at a credit union or bank you use. Most of these scams are executed to either steal your credit or debit card information, steal your online banking credentials, get you to hand over money, or to get around your credit union or bank’s security protections to access your accounts directly.
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What You Should Do With Your Tax Refund

  • Start (or add to) an emergency fund. Do you have a dedicated rainy day fund? Consider setting this money aside for a tight spot you may find yourself in at another time.
  • Invest in yourself. You could put the money toward education, career training, or personal improvement.
  • Use it for a down payment on a vehicle or real property. Real property may represent a better financial choice, but updating your vehicle may have merit - cars do wear out.
  • Put it into a retirement account. If you haven’t maximized your contributions this year or have a chance to get an employer match, it may be worth considering.
  • Pay down debt. Almost always a wise move.
  • Get your home ready for the market. Spruce up the yard, exterior, or interior of your residence, or hire professional who can assist you with staging it.
  • Improve your home with energy-saving appliances. Or windows, or weather-stripping, or solar panels – just to name a few options.
  • Create your own food bank. What if a hurricane or an earthquake hits? Where would your food and water come from? Emergency food stores are worth considering.
  • See a doctor, optometrist, dentist or physical therapist. If you have not been able to see these professionals due to your insurance situation or your personal cash flow, why not do it now?
  • Pay for a getaway you have been dreaming about. If you are debt-free and feel financially confident, perhaps you should consider rewarding yourself with travel?
  • Pay it forward. Your refund could turn into a charitable contribution (deductible on next year’s federal tax return, if you itemize deductions.)