Make a Payment Rates About Careers Contact Locations

Busting Common Fraud Myths

Hey there, fellow fraud-fighters! Have five minutes to bust some common myths about scams? Because the more you know, the more you can stop fraudsters before they strike.
Myth: If a contact looks like it's from Summit, it is.
Fact: We’ve received reports of scammers making calls that look like they’re coming from Summit. But it's NOT US if you receive a random call, text or email requesting account information, PINs, username/passwords, or one-time codes.
Myth: Fraud victims are most often older adults.
Fact: People ages 18 to 24 reported the highest median dollar loss for the second year in a row, based on the 2023 Better Business Bureau’s Scam Tracker Risk Report.
Myth: You only need to worry about romance scams if you’re on a dating app.
Fact: Many victims of online romance scams say it started on Facebook or Instagram, so you don’t have to be looking for love to be a target.Be wary of a stranger admiring your photos or chatting you up on social media – especially if as your connection deepens, they ask you to send money or gift cards so they can visit or cover other needs.
Myth: You only need to report fraud if you lose money.
Fact: Whether you lose money or not, reporting fraud is really important (and is easy).Sharing your experiences helps with law enforcement efforts by the Federal Trade Commission and other agencies. And just as importantly, you help protect others by getting the word out.If you think you’ve been a victim of a scam or experienced a fraud attempt, reach out to your financial institution right away. Summit members, call us at 800-236-5560.  And if you’ve heard about a scam you’d like to report, email us at . Please do not email any private or personal information.

Want More Fraud-Fighting Tips?

Keep exploring more ways to .Sources:

 You might also be interested in When you get an out-of-the-blue text, phone call or email, do you sometimes wonder if it’s really who it says it is? Hey, it’s smart to be cautious! Fraudsters... It’s that time of year again – tax time. And it’s also scammers’ favorite time to impersonate online tax services, the IRS and yes, even Summit, to try... Hosting dinner parties. Heading to your in-laws’. Hustling to order those perfect gifts. It’s the season for cheer and goodwill, and unfortunately also... Scammers are getting better and better at making fake links look legit. So before you click on that URL (the string of letters that makes up a web address)... Hey there, fellow fraud-fighters! Have five minutes to bust some common myths about scams? Because the more you know, the more you can stop fraudsters... For many, Social Security is a main source of income later in life, and no one wants to lose out on those funds or a perceived opportunity for more benefits... If there’s anything we know for sure about scammers, it’s that they’re going to take advantage of new technology. Artificial Intelligence (AI) is creating... With over 500 million daily active users, Instagram has become a popular app for sharing photos, connecting with friends and even following the lives of... “My daughter was excited to watch her high school team play for the state title. To livestream the game, she clicked what she thought was an official “WIAA”...
Featured Products Certificates Checking Accounts Home Equity Loans Home Loans Business Banking Certificates Checking Accounts Home Equity Loans Home Loans Business Banking Financial Education Upcoming Events Programs Tools & Calculators On-demand Webinars Podcasts Upcoming Events Programs Tools & Calculators On-demand Webinars Podcasts About Equity in Money™ About Summit Careers News Community Giving Equity in Money™ About Summit Careers News Community Giving Help & Support Contact Us Member Support Center Schedule an Appointment Find a Branch Contact Us Member Support Center Schedule an Appointment Find a Branch
Please read the following before proceeding to: The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site.
NCUA Insurance Estimator Privacy, Security & Accessibility Rates Terms and Fees Routing Number
* The Wisconsin's #1 Mortgage Lender designation is based on the number of loans in 2023, gathered from the Home Mortgage Disclosure Act data compiled annually by the Consumer Financial Protection Bureau. The results of the data were obtained through the LEI: 254900NTAC4H10MGSU23 ** SBA Lender of the Year Award for Credit Unions as awarded by the Small Business Administration of Wisconsin in 2024. Copyright 2025 © Summit Credit Union. All rights reserved. If you are using a screen reader and are having problems using this website, please call 608-243-5000 for assistance. Insured by NCUA