NCUA, FTC hosting facebook live event on protecting military consumers from scams

Members of the military, veterans, and their families lost more than $25 million last year to imposter scams. As a result, the National Credit Union Administration and the Federal Trade Commission are hosting a live Facebook event on July 17 to help military consumers learn how to protect themselves. The Facebook live event is scheduled […]

Members of the military, veterans, and their families lost more than $25 million last year to imposter scams. As a result, the National Credit Union Administration and the Federal Trade Commission are hosting a live Facebook event on July 17 to help military consumers learn how to protect themselves.

The Facebook live event is scheduled to begin at 2 p.m. ET. The discussion is part of the NCUA’s activities during Military Consumer Month, which runs the month of July. No registration is required, and there is no charge.

Representatives from the NCUA and the FTC will discuss how to recognize and avoid scams and will share resources from their consumer sites, MyCreditUnion.gov and Militaryconsumer.gov.  Participants are encouraged to comment and ask questions during the live conversation.  They also can submit questions in advance to socialmedia@ncua.gov.

Military Consumer Month is a coordinated campaign led by federal, state, and local partners. The focus is to aid military consumers in making sound financial decisions while providing access to consumer-related resources at no charge. 

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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