FRAUD ALERT: We are aware of a scam in which fraudsters have been calling our members claiming to be from SCU Credit Union. Scammers can “spoof” the name and number on a phone call or text message in the hopes that you will answer. As a reminder: SCU Credit Union will never contact you and request information like PIN, account numbers, Social Security Numbers and online banking passwords. You should not give out or confirm any of this information unless YOU initiated the phone call. Use caution if you are being pressured for information immediately or if there is a sense of urgency.

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Should I borrow money from my 401(k) for emergency cash?

It might be tempting to view your 401(k) as a source of emergency funds, but before you dip into your retirement account for cash, explore alternatives.  Our partner, Greenpath Financial Wellness, would be a great place to start if you are facing financial challenges and are in need of guidance from financial experts.

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