At Telco Credit Union, we know how important it is to save money and consider your financial future. One such way is to teach your children how to be financially smart and to set them up as best as you can. Telco serves the Eastern North Carolina area, including Greenville, Tarboro, and Rocky Mount. You can trust Telco with all your financial needs, whether you’re looking to open a checking or savings account, take out a loan, finance your mortgage, or become a Telco member/owner.

There are plenty of scams out there, and we want you to be careful with your money. One type is investor fraud, of which there are several types.

How to Avoid Fraud

A basic understanding of how scam artists work can help you avoid fraud and protect your money. Learning how to invest wisely can help you reach your financial goals. Here are some ways to help avoid being scammed:

Resources for Victims

Every year, thousands of U.S. investors lose money to fraud and other securities law violations.  In some cases, harmed investors may be eligible to receive money recovered from fraudsters.  The U.S. Securities and Exchange Commission provides information about some of the ways harmed investors may recover money.

Remember: if you have a question or concern about an investment, or you think you have encountered a fraud, please contact the SECFINRA, or your state securities regulator to report the fraud and to get assistance.

NCUA does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investment or insurance products are sold at a federally insured credit union. Credit unions often provide these services to their members through third-parties, and the investment and insurance products are not insured by the National Credit Union Share Insurance Fund. In locations where these investment and insurance products are offered or sold to members, credit unions are required to disclose that the products:

  • are not insured by NCUA;
  • are not deposits or other obligations of the credit union and are not guaranteed by the credit union; and
  • are subject to investment risks, including possible loss of the principal invested.
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