Unfortunately, more and more Americans have their identities stolen every year. We strive to provide our members with information that may be helpful in preventing, detecting, and protecting against identity theft and other internet, mail, and telephone scams.
Emerald Credit Union will never request personal information about our members by email or text messaging. Personal information includes account numbers, passwords, personal identification information, or any other confidential information.
Card-Cracking: "Victims" are Helping Fraudsters Perpetrate the Crime
Card-cracking, or card-popping, is one of the fastest-growing forms of debit card fraud targeting young adults. Fraudsters are reaching out to college students via social media, and paper ads posted in dorms or other student centers, asking for their debit card numbers and account login information in exchange for some type of payment. These victims usually don’t possess the financial savvy to see the illegality of their actions, and instead see a path to some quick money, with nothing to lose. Often the victim has very little money in their account and falsely believes that they don’t have much to lose. The fraudster approaches the victim, offering a payment, or a “cut” of the checks to be laundered through the debit account. The fraudsters then use the debit card information to make purchases, deposit bad checks into the victim's checking account, and then withdraw the money before the the credit union or bank is notified that the checks are fake. Victims are being told to report all of this activity to their credit union or bank as unauthorized, because it limits their liability. Many “victims” do not understand or are too naive to believe that they are assisting the fraudsters in facilitating a crime. As a reminder:
You should never provide account number or debit card information over Facebook messenger, or through any other social media platform. We will never ask you for this type of account information via social media.
Know that participating in any such activity is a crime, and in doing so, you become a conspirator to fraud, punishable by up to 30 years in prison.
If you see an ad relating to card-cracking on social media, you should report it immediately to the social media site.
Please use the links below to learn more about other common types of fraud and scams.
Online Banking Security
Charity Scams & Ticket Scams
Investment Scams & IRS Imposter
ScamsTax-Related Identity Theft & Census-Related Fraud
Lottery or Sweepstakes Scams & Pyramid Schemes