Watch Out for FDIC Phishing Scam

The FDIC (Federal Deposit Insurance Corporation) which insures your savings at banks (NCUA is the credit union insuring body) wants you to know about a scam using the FDIC as bait.


The subject line of the e-mail states: "check your Bank Deposit Insurance Coverage." The e-mail goes on to say that, "You have received this message because you are a holder of a FDIC-insured bank account. Recently FDIC has officially named the bank you have opened your account with as a failed bank, thus, taking control of its assets."

The e-mail directs you to a fraudulent link and instructs you to "visit the official FDIC website and perform the following steps to check your Deposit Insurance Coverage". It then instructs you to "download and open your personal FDIC Insurance File to check your Deposit Insurance Coverage."

This is a phishing scam. Remember no financial institution would ask you to follow a link, provide information or download an attachment. Don't be fooled by official looking emails. For more about phishing scams read the Coors Credit Union informational flier.