Fraud Protection

Be Scam Smart Presentations

Join the First Federal team for an in-person seminar to learn how to protect yourself against scams and identity theft. This interactive presentation will review the top scams happening in our community, and how to avoid them. Additional topics to be discussed include cyber crime, bank fraud, online scams, and phishing attacks.

Presentations are held at the following dates during the 2024 year:

McMinnville

• Tuesday, February 6 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128
• Tuesday, March 5 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128
• Tuesday, May 7 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128
• Tuesday, June 4 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128
• Tuesday, August 6 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128
• Tuesday, September 3 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128
• Tuesday, November 5 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128
• Tuesday, December 3 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128

Newberg

• Tuesday, April 2 at 5:30 PM at the First Federal Community Room at 121 N Edwards Street, Newberg, OR 97132
• Tuesday, July 2 at 5:30 PM at the First Federal Community Room at 121 N Edwards Street, Newberg, OR 97132
• Tuesday, October 1 at 5:30 PM at the First Federal Community Room at 121 N Edwards Street, Newberg, OR 97132

Spanish

• Wednesday, March 6 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128 (Spanish)
• Wednesday, June 5 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128 (Spanish)
• Wednesday, September 4 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128 (Spanish)
• Wednesday, December 4 at 5:30 PM at the First Federal Community Room at 111 NE Third Street, McMinnville, OR 97128 (Spanish)

Types of Fraud

Scammers frequently change their approach, trying new tactics and messaging to trick people. We encourage you to stay up to date on the latest scams. Remember, First Federal will never call and ask you for personal information. Recognize the signs of a scam and report it.

#BanksNeverAskThat

In 2022, scammers stole over $8.8 billion from regular people like you.1 With online and mobile banking adoption on the rise, the problem of falling victim to cybercrime is on the rise.

Every day, thousands of people fall victim to fraudulent calls, emails and texts from scammers pretending to be from their bank. We want to change that.

Along with the American Bankers Association, we want every bank customer to be equipped with the knowledge to spot a phishing scam. There are a million different scams out there, but a simple start to combating fraud is with these four words: Banks Never Ask That. You can rely on financial institutions like First Federal to act consistently and in line with privacy and security best practices. Knowing what would be unusual for your bank will help you identify when something appears suspicious so that you are less likely to be fooled.

Watch out for these 5 red flags of phishing in emails, calls, and texts:

1. They ask you to open a link.
2. They use urgent or fear-inducing language.
3. They send an attachment.
4. They request personal info like PINs, passwords, or social security numbers.
5. They pressure you to log into, or send money with, payment apps.

You can always contact us with any questions or concerns at (503) 472-6171 or 888-317-8333 and visit BanksNeverAskThat.com to learn more.

BanksNeverAskThat.com

Money Smart for Older Adults

Financial exploitation has been called “the crime of the 21st century” with one study suggesting that older Americans lost at least $2.9 billion to financial exploitation in 2010 by a broad spectrum of perpetrators, including persons they know and trust, as well as strangers. Cognitive impairment diminishes the ability of some older adults to make financial decisions and to detect frauds and scams. This epidemic is under the radar. The cases tend to be very complex and can be difficult to investigate and prosecute. Elders who lose their life savings usually have little or no opportunity to regain what they have lost. Elder financial exploitation can result in the loss of the ability to live independently. It can also result in a decline in health, broken trust, and fractured families. Awareness is the first step. Planning ahead for financial wellbeing and the possibility of diminished financial capacity is critical. Reporting and early intervention are vital to preventing loss and recovering loss when possible.

Money Smart for Older Adults Resource Guide is designed to provide information and tips to help prevent common frauds, scams, and other types of financial exploitation in our community.

View Resource Guide