Blog Center
At BMI Federal Credit Union, we understand the importance of educating our members on fraud, financial education, budgeting, and more! Our monthly blog is a great resource to dive deep into different financial topics, types of fraud, and useful tips. For additional fraud resources, please visit our Fraud Awareness and Prevention Center or sign up for our monthly CreditLines newsletter
Strengthening Your Finances | BMI FCU May 13
Your Credit Union is here to support you. Sometimes people feel uneasy when there is uncertainty in the economy. Here are the things you can do now to strengthen your finances including trimming your…
BEC Scams | BMI FCU May 6
Whether you run a business, work for one, or just manage your own finances online, BEC scams can affect you. They're sneaky, convincing, and can cost thousands of dollars if you're not…
What is Carding Fraud? Apr 10
At BMI Federal Credit Union, we aim to keep you informed about emerging threats and provide guidance on how to protect yourself. One increasingly popular scam is "carding," a form of fraud that has…
Check Fraud And Scams | BMI FCU Apr 10
The FBI and the United States Postal Inspector issued a Public Service Announcement regarding an alarming increase in check fraud. There has been a substantial increase in thieves stealing checks…
Should We Talk About Money While Dating? | BMI FCU Apr 9
Talking about money with someone you are starting a relationship with can feel taboo. However, these conversations can help you find a person that aligns with your values and helps you build mutual…
Safeguarding Your Finances | BMI FCU Mar 21
In today's rapidly evolving digital landscape, the threat of fraud looms ever larger, with malicious people constantly devising new ways to exploit vulnerabilities. As a member of BMI Federal…
Why and How to Freeze Your Credit Report | BMI FCU Mar 12
In today's digital age, safeguarding your financial well-being is paramount. Here's why freezing your credit report is crucial and how you can benefit from it!
Understanding Credit Report…
Tax Time Scams | BMI FCU Feb 10
As tax season approaches, it's important to stay alert and protect yourself from common scams that target taxpayers. At BMI Federal Credit Union, we want to help you recognize these threats,…
Financial Caregiving | BMI FCU Jan 21
Taking care of a parent is something you may be doing now or in the future. According to a study by the National Alliance on Caregiving and AARP, there has been a significant increase in the number…
Spoofing Scams | BMI FCU Jan 21
Spoofing scams are becoming increasingly common. Fraudsters have been impersonating BMI FCU in efforts to steal your sensitive data.
Fraudsters will make it appear as though you are receiving a…
Phone Scams are on the Rise | BMI FCU Jan 7
Phishing and spoofing scams are some of the most common tactics used by fraudsters to target individuals and businesses alike. They could include texts, emails, or even phone calls impersonating your…
Recommit To Your Goals | BMI FCU Jan 6
You may be experiencing February fatigue if the momentum you had in January has waned. If you are falling short of your new financial goals, it's not too late to turn it around. Use these tips…
Preparing For Home Buying | BMI FCU Jan 6
Buying a home is likely one of the biggest investments you will make during your life. We believe the process should be smooth and transparent. Let us help you make this decision easy by following…
Financial Resolution | BMI FCU Dec 17, 2024
As you set your goals for the New Year, consider the costs associated with reaching them. You may need to reduce debt, build your savings, improve your credit score, or create a budget.…
What are Holiday Loans? Why Do We Love Them? | BMI FCU Dec 17, 2024
Why We Love This Great Loan
We’ve made it to the holiday season, and BMI Federal Credit Union is here to help you be smart and savvy with your finances with a Holiday…
Blackmail Scams | BMI FCU Nov 29, 2024
BMI Federal Credit Union is committed to educating our members on how to avoid fraudulent schemes. One increasingly prevalent scam is blackmail, a tactic fraudsters use to manipulate and exploit…
Password Security | BMI FCU Oct 4, 2024
Passwords are one of the most important tools for keeping your personal and financial information safe. Using weak or reused passwords can leave your accounts vulnerable to cyberattacks. To protect…
Data Breaches | BMI FCU Oct 1, 2024
You may have noticed increased media coverage surrounding data breaches. Unfortunately, these are becoming more common. The best line of defense is to learn how to protect your information. If you do…
Check Fraud: What It Is and How to Prevent It | BMI FCU Sep 10, 2024
Check fraud and check scams are becoming increasingly sophisticated and it's essential to stay informed about the risks associated to know how to protect yourself. BMI FCU wants to provide our…
Is It Time To Unsubscribe? | BMI FCU Sep 10, 2024
It seems like everything comes with a monthly subscription these days. It’s not just TV and music anymore. Subscription pricing is used for many things, and you may have even opted into one or…
Employment Scams: What You Need to Know | BMI FCU Aug 28, 2024
In today’s digital job market, platforms like Indeed and CareerBuilder simplify job hunting but also introduce risks, particularly from employment scams. Here’s what you need to know to…
Do Not Give Out Your Personal Information | BMI FCU Jul 9, 2024
BMI Federal Credit Union, like many other financial institutions, is experiencing a rise in fraudulent activities aimed at accessing member accounts illegitimately. These fraudulent attempts are…
Protecting Against Deceptive Scams | BMI FCU Jul 9, 2024
Fraudsters are increasingly targeting everyday consumers through deceptive methods like pop-up messages, texts, and phone calls. These scams aim to deceive you into clicking harmful links,…
Tips to Cover Your Extra Summer Expenses | BMI FCU Jul 9, 2024
Summer is right around the corner. You may be traveling, hosting parties, attending weddings and other celebrations, not to mention driving your kids around to keep them busy. With the longer days…
Making a Difference: Teach Kids About Money | BMI FCU Jul 9, 2024
July is Make a Difference to Children Month and a great opportunity to make an impact on the kids in our lives and insure they have a strong foundation of financial knowledge. Check out these…
Bring Joy Back | BMI FCU Holiday Loan Jun 26, 2024
The holiday season is a time for creating memories, not debt. Budgeting this time of year can allow you to celebrate without the worries of a financial burden later.
Start by thinking about beliefs…
Online Romance Scams | BMI FCU Jun 3, 2024
Online romance scams involve individuals creating fake identities to exploit emotions and trust, often leading victims to send money or share personal information. These scammers use fake background…
5 Indicators of Financial Freedom | BMI FCU May 8, 2024
Financial freedom is achieved when you use money as a tool instead of allowing it to be a stress factor in your life. Reaching this point in your financial journey can bring peace of mind and…
Protect Yourself From Identity Theft | BMI FCU May 8, 2024
At BMI FCU, safeguarding our members’ identity is paramount. In an age where identity theft is everywhere, both online and offline, we recognize the importance of strengthening your defenses…
Navigating Tax Season Safely | BMI FCU Apr 1, 2024
Tax season is upon us, and as you gather your documents and file returns, it's crucial to remain vigilant against potential scams targeting your money. At BMI Federal Credit Union, we prioritize…
New Financial Habits | BMI FCU Mar 13, 2024
A new year is a great time for a fresh start. You may feel energized to make changes and set new goals. The following tips can help you establish good financial habits and set in place new strategies…
7 Strategies for Financial Fitness this Year | BMI FCU Feb 6, 2024
Did you resolve to be better with your money? These seven strategies will help you with reaching your financial goals and will increase your financial confidence.
1. Make saving automatic. Do not…
7 Things You Can Do To Protect Your Money | BMI FCU Feb 6, 2024
With scams on the rise, it is important to know how you can protect yourself. Here are seven simple things you can do to safeguard your money and avoid fraud!
1. Use a different password for each…
10 Tips To Chart Your Course To Financial Wellness | BMI FCU Feb 6, 2024
Navigating your personal journey to financial wellness does not have to be complicated! It begins with taking ownership of your finances. You are fully capable of being the captain of your financial…
Benefits of a Mid-Year Check-In | BMI FCU Feb 6, 2024
Your lifestyle changes month-to-month. As a result, so do your finances. In the last few months you may have taken on new expenses, been hit with unexpected costs, or received a cash windfall. July…
Talking To Your Teen About Money | BMI FCU Feb 6, 2024
When you have a teenager in the house, the beginning of the school year is a good time to start talking about money. Once they graduate, their life decisions will be impacted by their financial…
6 Tips: Talking About Money With Your Partner | BMI FCU Feb 6, 2024
Families must make challenging financial decisions every day. Having proactive conversations about money with your partner can reduce financial stress. While one person may take the lead on managing…
Make College Attainable Through Saving | BMI FCU Feb 6, 2024
September is College Savings Month and a good reminder that it is never too late to start saving! While there are different thoughts on how much you should save, putting money aside now can help…
Rise And Fall Of Your Credit Score | BMI FCU Feb 6, 2024
The most important thing to remember is that your credit score will go up and down, but understanding your score can help you make smart choices. Focus more on trends and less on small fluctuations…
How To Avoid Account Takeover Fraud | BMI FCU Feb 6, 2024
What is an "Account Takeover"?
An account takeover happens when a fraudster poses as a financial institution to get your personal or account information. Once the fraudster has access to…