How the Scam Works
Scammers are calling members while pretending to be U.S. Marshals or other law enforcement officials. They use intimidation tactics and claim that your accounts are “under investigation.” Victims are pressured to:
-
Withdraw large sums of cash and tell the bank or credit union it’s for “home remodeling.”
-
Purchase cryptocurrency, gold, or gift cards and send proof to the scammer.
-
Hand over cash to a so-called “courier” who comes to their home.
These calls are designed to create fear and urgency, making people feel they must act quickly to “protect” their money.
⚠️ Important: Real law enforcement will never call and demand money, ask you to hide the reason for a withdrawal, or send someone to your home to collect cash.
What You Should Do
If you receive one of these calls:
-
Hang up immediately. Do not continue the conversation.
-
Do not share personal or financial information.
-
Verify with us directly. Call SRI Federal Credit Union at 650-800-5434 if you’re ever unsure.
-
Report the scam. Visit ReportFraud.ftc.gov or call the National Elder Fraud Hotline at 833-372-8311.
Protect Your Community
These scams often target seniors, but anyone can fall victim. Please help us spread the word by sharing this alert with family, friends, and neighbors.
Together, we can stay alert, protect our finances, and stop fraud before it spreads.
