January 18, 2022
Avoid a flood-damaged used car
FEDERAL TRADE COMMISSION
Automakers are producing fewer new cars right now due to a computer chip shortage, and many people are looking at used cars instead. If you’re shopping for a used car and feeling rushed to buy a car before you can fully check it out — stop! Some used cars may have flood damage.
After a hurricane or flood, storm-damaged cars are sometimes cleaned up and taken out of state for sale. You may not know a car is damaged until you look at it closely. Here are some steps to take when you shop:
Check for signs and smells of flood damage. Is there mud or sand under the seats or dashboard? Is there rust around the doors? Is the carpet loose, stained, or mismatched? Do you smell mold or decay — or an odor of strong cleaning products — in the car or trunk?
Check for a history of flood damage. The National Insurance Crime Bureau’s (NCIB) free database will show if a car was flood-damaged, stolen but not recovered, or otherwise declared as salvaged — but only if the car was insured when it was damaged.
Get a vehicle history report. Start at vehiclehistory.gov to get free information about a vehicle’s title, most recent odometer reading, and condition. For a fee, you can get other reports with additional information, like accident and repair history. The FTC doesn’t endorse any specific services. Learn more at ftc.gov/usedcars.
Get help from an independent mechanic. A mechanic can inspect the car for water damage that can slowly destroy mechanical and electrical systems and cause rust and corrosion.
Report fraud. If you suspect a dealer is knowingly selling a storm-damaged car or a salvaged vehicle as a good-condition used car, contact the NICB. Also tell the FTC at ReportFraud.ftc.gov and your state attorney general.
August 19, 2021
by Alvaro Puig
Consumer Education Specialist, FTC
Scammers are impersonating FTC Chair Lina Khan in a new phishing scheme. The email says the FTC wants to send you Coronavirus relief funds and tells you to send some personal information, like your name, address, and date of birth. The FTC is not distributing Coronavirus economic stimulus or relief money to people. The email is a scam. Don’t reply.
If you get an unexpected email that asks you to reply – or call or click a link – to give somebody personal or financial information, don’t. It’s probably a phishing scam trying to steal your money.
Report the phishing email to the Federal Trade Commission at ReportFraud.ftc.gov and forward it to the Anti-Phishing Working Group at email@example.com. (If scammers contact you by text message or phone, report that, too.)
Memphis City Employees Credit Union is committed to safeguarding the health of our members, staff, and volunteers.
Many of our members are choosing to use Online and Mobile Banking and our Member Service Center in place of visiting a branch. Our phone number is 901-321-1200 or toll free 1-877-825-3180.
Remember too, that you have free access to almost 30,000 ATMs in the CO-OP Network®. To find the surcharge-free CO-OP ATMs in your area, visit WWW.CO-OPNETWORK.ORG
Some of OUR BRANCHES are OPEN; however, our Whitehaven and Winchester Branches are Drive-thru Only.
Your health and the health of our staff is our highest priority. In compliance with Tennessee's reopening guidelines, during your visit to one of our branches:
- Please do not enter if you are feeling sick or if you have a cough, fever, sore throat, flu-like symptoms or have had contact with a person with diagnosed or suspected COVID-19 in the past 14 days. (We will be happy to serve you through our Drive Up Windows or with our Electronic Banking Services.)
- Face masks are no mandatory but recommended. We may ask you to lower it momentarily in order to properly identify you and assure your account's security.
- Please practice social distancing and maintain a minimum 6-foot distance from others.
- Germ guards have been installed on behalf of our members and our employee’s personal safety. All parties are asked to remain behind germ guards during transactions. Branch sanitation and cleaning measures are also in effect.
We apologize for the inconveniences of these measures and appreciate your understanding and cooperation. You are valued and we appreciate your membership!
On April 24th, the Federal Trade Commission issued an updated publication: FTC sends COVID-related warnings to marketing companies:
A business opportunity that promises you can work from home, earn lots of money, and enjoy a lavish lifestyle? Sounds tempting, particularly now, when so many people are out of work because of the Coronavirus pandemic. But letters the FTC sent today to ten multi-level marketing companies are a reminder to research an MLM business before investing your money and your time.
The FTC’s LETTERS TELL COMPANIES to immediately stop their distributors from telling people that they’re likely to get rich by investing in the business. They also demand the companies immediately stop all claims that their products can treat or prevent COVID-19, as there’s no evidence or scientific testing supporting claims that those products can help prevent or treat the disease. READ ARTICLE
Avoiding SSA scams during COVID-19
While some of you are home, practicing social distancing and frequent hand washing to avoid the Coronavirus, remember that scammers are still busy trying to take advantage of people. Some scammers are pretending to be from the Social Security Administration (SSA) and trying to get your Social Security number or your money.
Here's what to know:
- Do not trust caller ID. Scam calls may show up on caller ID as the Social Security Administration and look like the agency’s real number, but it’s not the SSA calling.
- Your Social Security number is not about to be suspended. And your bank accounts are not about to be seized.
- SSA will never call to threaten your benefits or tell you to wire money, send cash, or put money on gift cards. Anyone who tells you to do those things is a scammer. Every time.
- Talk about it. If you’re getting these calls, chances are your friends and family are too. Please talk with them about it.
- People who know about scams are much less likely to fall for them. So by discussing them you are helping protect people you care for and people in your community.
The FTC has published the following ARTICLE to PROTECT YOURSELF from SCAMMERS.
Gift cards are a popular and convenient way to give someone a gift. They’re also a popular way for scammers to steal money from you. That’s because gift cards are like cash: if you buy a gift card and someone uses it, you probably cannot get your money back. Gift cards are for gifts, not payments. Anyone who demands payment by gift card is always a scammer. HTTPS://WWW.CONSUMER.FTC.GOV/ARTICLES/PAYING-SCAMMERS-GIFT-CARDS
Stay up to date with trustworthy information.
There is a lot of information being shared about the spread of COVID-19, and much of it is not from reliable sources. Facebook and other social channels are taking action to prevent the spreading of misinformation. HTTPS://ABOUT.FB.COM/NEWS/2020/04/CORONAVIRUS/
The Centers for Disease Control has created a webpage where they are posting the most up to date and reliable information at HTTPS://WWW.CDC.GOV/CORONAVIRUS/2019-NCOV/INDEX.HTML
The Shelby County Health Department has set up a hotline to call for information, including if you would like a speaker to address a group about the virus. The number is: 901-692-7523. Please check their website for details: HTTP://SHELBYTNHEALTH.COM