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Financial and Lifestyle Resources for Vermont

VSECU Blog

In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.

By: Steve Timmons

July 23rd, 2020

Is that a Fake Check? How to Avoid Check Fraud

Identity and Fraud Protection

Check fraud is a criminal act in which one person convinces another to exchange real money or property for a bogus check. In many cases, the fraudster creates a sense of excitement and urgency, giving their victims very little time to think rationally. By the time the victim realizes what has happened, they may have lost thousands of dollars (maybe even more), with no way to recoup their losses.

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By: Thomas White

July 20th, 2020

How to Avoid Social Security Scams

Identity and Fraud Protection

According to the Social Security Administration (SSA), Americans have lost more than $50 million over the last two years to Social Security scams—and that’s just from telephone scams. Unfortunately, the telephone isn’t the only method used. Between October 1, 2018 and September 30, 2019, more than 450,000 Americans reported being contacted by Social Security scammers by phone, email, or even physical mail. To help you avoid becoming a victim, consider this your guide to what tactics are commonly used, what to look for if you’re being targeted, and what to do to avoid the growing number of Social Security scams.

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By: Oliver Ames

May 21st, 2020

Your Economic Impact Payment Could Arrive by Debit Card

Identity and Fraud Protection

If you receive a debit card in the mail claiming to be your COVID-19 stimulus payment, don’t throw it out! While over 140 million Americans have received their Economic Impact Payment from the federal government by direct deposit or as a check in the mail, a third form of payment may be arriving for those of you still waiting.  On May 18, the U.S. Department of the Treasury and the IRS announced that roughly four million Economic Impact Payments will be sent in the mail as a prepaid debit card, often referred to as an EIP card.  

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By: Oliver Ames

May 6th, 2020

How to Manage Your Personal Finances during COVID-19

Credit and Debt | Saving and Budgeting | Identity and Fraud Protection | Lifestyle

COVID-19 has brought financial uncertainty to many, and even as we edge closer to recovery, the impacts of COVID-19 will be felt by many Vermonters for months to come. I sat down with Yvonne Garand, our senior vice president of marketing and business development, to talk about personal finance in the age of COVID-19.

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6 Tips for Improving Your Credit Score

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By: Thomas White

April 6th, 2020

Protect Your Finances from Fraud during COVID-19

Identity and Fraud Protection

Fraudsters will never let a good crisis go to waste. During this coronavirus outbreak, people’s attention is focused on the health and social impacts of COVID-19, which creates fear and confusion that thieves can use as a tool to steal information and, ultimately, money.  So, in addition to social distancing and washing your hands, you should keep an eye out for this other type of germ—the online scammer. 

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By: Steve Timmons

March 10th, 2020

9 Ways to Protect Yourself from Cybercrime

Identity and Fraud Protection

Most of the fraudulent acts we see today are common schemes that have been around for years, but they are more effective now than ever before. Why? Our lifestyle, which keeps us constantly “connected,” has made it easier for fraudsters to perpetrate their schemes. Our smart devices: phones, watches, personal computers, autos, televisions, appliances, security cameras, printers, baby monitors, dog treat dispensers, and smart doorbells (just to name a few) help us feel connected but also make us vulnerable to cybercrime. Anything that is connected to and shares data with the internet is part of what is commonly referred to as the internet of things (IOT). Unfortunately, the IOT is also the future of fraud.

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By: Oliver Ames

December 10th, 2019

How to Pay with Your Phone

Identity and Fraud Protection | Learn Something New

Two weeks ago, we published a Facebook post about the security and convenience of mobile wallets like Apple Pay and Google Pay and heard from several people interested in learning more about the technology. Here is what you need to know about mobile wallets!

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By: Steve Timmons

May 14th, 2019

What Elder Financial Abuse Is & What You Can Do

Identity and Fraud Protection

Elder Financial Abuse is one of the most despicable crimes committed because it targets our senior population and often wipes out the victim’s entire life savings. Fraudsters target the elderly because they know that they will likely get a larger payout for their efforts. The US Census Bureau estimates the number of adults over 65 will represent 20% of the population by 2030, compared to 13% in 2010. According to estimates, elder financial abuse puts billions of dollars into fraudsters’ pockets, so the expected growth in the elder population will likely make elder fraud more and more attractive to fraudsters.

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Cultivate and Maintain an Excellent Credit Score

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