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Credit card fraud is one of the costliest forms of identity theft for consumers, financial institutions, and card issuers. Security.org estimates 127 million U.S. adults have experienced it, more than a third of the total number of global victims. Nilson Report, which covers the credit card industry, estimates losses to the U.S. will reach $165.1…
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Toll fee text message scams are an increasingly common type of smishing technique designed to steal sensitive personal information and credit card numbers from unsuspecting drivers who might have recently used a popular or heavily traveled toll road. These scams typically involve text messages sent to the mobile phone of unsuspecting victims, warning them about…
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September 11, 2024 Lafayette Federal Earns Top Honors in Investopedia’s September Best Rate Survey Rockville, MD – Investopedia has recognized Lafayette Federal Credit Union for offering rates on certificate accounts that are the “Best” in the nation, according to its recently published September report. According to a comprehensive analysis conducted by the world-renowned financial education…
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Consumers have a plethora of options when it comes to choosing a financial institution. The primary goal in making that choice should be to find a partner that can help them succeed in achieving their goals. Given the current landscape, it is essential to understand the differences between the types of institutions available. Among these…
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Numbers and trends indicate the U.S. economy is currently in good shape: unemployment is low, the dollar is strong, inflation is down, the stock market is up, and the Federal Reserve just announced its intention to lower interest rates. Despite all of the recent good news, many Americans remain genuinely concerned about the state of…
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In recent years, utility scams have become more sophisticated, targeting unsuspecting individuals with increasingly clever tactics. Why utilities? Because living without them can be inconvenient at best and genuinely life-threatening in worst-case scenarios. Here’s what you need to know about avoiding utility scams and safeguarding your finances.
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If you are citizen or resident of the U.S., this is a good time to travel—the dollar is doing well against many foreign currencies, making some popular tourist destinations more affordable than many of us have seen in our lifetimes. London calling? Yes, please! Traveling can be one of life’s most pleasurable and rewarding experiences,…
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August 13, 2024 Lafayette Federal Welcomes P&G Behavioral Health Services and Umbrella Therapeutic Services as Select Employer Groups Rockville, MD – Lafayette Federal Credit Union is pleased to announce the addition of two organizations, P&G Behavioral Health Services and Umbrella Therapeutic Services, to its growing roster of Select Employer Groups (SEGs). Select Employer Groups…
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Generally, wealth is defined as possessing a beneficial abundance, be it money, health, or happiness. Different people and cultures may prioritize each of these differently, but many would argue it’s great to have all three. As your credit union, we won’t presume to tell you how to cultivate happiness or maintain your health, but it…
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