Don’t Fall for the Venmo Scam
Imagine opening your phone and discovering that someone you don’t know just sent you $1,000 through Venmo.
At first, it might feel like you just got lucky. Moments later, you receive a message:
“I’m so sorry! I accidentally sent you the money. Can you please send it back?”
It sounds like an honest mistake, but in many cases, it’s actually the beginning of a scam. Scammers often use stolen or compromised credit cards to fund a payment through a peer-to-peer payment app like Venmo. After sending money to an unsuspecting person, they’ll quickly contact the recipient and ask for the money to be returned. Wanting to do the right thing, many people send the money back immediately. Unfortunately, that’s exactly what the scammer is counting on. When the true owner of the stolen credit card discovers the fraudulent transaction, they report it to their credit card company. The original payment is eventually reversed. Here’s the problem: In this example, that’s $1,000 out of your own pocket. If you receive an unexpected payment from someone you don’t know: Instead, allow the payment platform to handle the situation. Contact Venmo through the app or their customer support channels and report the unexpected payment. They can determine whether the transaction was legitimate and reverse it appropriately if necessary. Scammers are constantly finding new ways to trick people into sending money. The best defense is knowing how these scams work before they happen. When in doubt, pause, verify, and contact the payment platform directly. A few extra minutes today could save you hundreds or even thousands of dollars tomorrow. At SRI Federal Credit Union, we’re committed to helping our members recognize fraud and protect their finances. Follow us for more fraud prevention tips and financial education designed to keep you and your family safe.How the Scam Works
What Happens Next?
What Should You Do Instead?
✅ Do NOT send the money back yourself.
Additional Tips to Protect Yourself
Stay One Step Ahead of Scammers
Stay Safe with SRI Federal Credit Union
Back to School, Back to Smart Financial Habits
The start of a new school year brings fresh opportunities, new goals, and plenty of expenses. Whether you’re shopping for school supplies, preparing a student for college, or simply getting back into a routine, now is the perfect time to make your finances work as hard as you do. At SRI Federal Credit Union, we’re here to help you make the most of every dollar with products designed to help you save, borrow wisely, and plan for the future. Back-to-school shopping can put a strain on any budget, but it’s also a great reminder of the importance of having a financial cushion. Our Core Savings Account helps members build healthy savings habits by earning 3.50% APY on the first $5,000 in your primary savings account. Whether you’re saving for next semester’s tuition, holiday expenses, or an emergency fund, every deposit helps move you closer to your financial goals. One of the easiest ways to grow your savings is to automate it. By setting up Direct Deposit or Payroll Deduction, you can automatically transfer a portion of each paycheck into your savings account before you have the chance to spend it. Even small, consistent deposits can make a big difference over time. Have money set aside for future education expenses or another important goal? Our New Money Certificate Specials offer a secure way to earn more on your savings while locking in today’s competitive rates: Certificates are a great option if you know you won’t need immediate access to your funds and want the confidence of a fixed return. College is one of life’s biggest investments, and we’re here to help make it more manageable. SRI Federal Credit Union offers Student Loans with competitive rates and flexible repayment options to help students and families pay for tuition, books, housing, and other education-related expenses. Whether you’re heading to college for the first time or continuing your education, we’re here to support your journey. A successful school year isn’t just about good grades—it’s also about good financial habits. Consider these simple tips: No matter what this school year brings, SRI Federal Credit Union is committed to helping you reach your financial goals. Whether you’re opening your first savings account, preparing for college, growing your emergency fund, or looking for better ways to save, our team is ready to help every step of the way. Visit one of our branches, explore our online services, or contact us today to learn how SRI Federal Credit Union can help you make this school year your most successful yet. Here’s to a smart, successful, and financially confident school year!Start the School Year by Building Your Savings
Make Saving Automatic
Lock In Great Rates While They’re Available
Financing Higher Education
Budget for Success
We’re Here to Help
Make Every Payday Count
Payday is more than just the day your bills get paid, it’s an opportunity to build your financial future.
With Direct Deposit at SRI Federal Credit Union, your paycheck is deposited safely and securely into your account, giving you immediate access to your money. Better yet, when you pair Direct Deposit with our savings products, you can put every paycheck to work automatically. Start with Direct Deposit Direct Deposit is the easiest way to receive your paycheck, Social Security benefits, pension, or other recurring payments. With Direct Deposit you’ll enjoy: Once it’s set up, your money is there automatically, every payday. Build Savings Automatically One of the best ways to reach your financial goals is to pay yourself first. Instead of waiting to see what’s left over at the end of the month, automatically transfer a portion of each paycheck into savings as soon as it’s deposited. Whether it’s $25, $50, or more, those consistent deposits can add up faster than you might expect. Earn More with Our Core Savings Account Why let your savings sit idle? Our Core Savings Account helps your money grow by earning: ⭐ 3.50% APY* on balances up to $5,000 Whether you’re building an emergency fund, saving for a vacation, planning for the holidays, or simply creating healthier financial habits, your savings can continue working for you every day. Looking for Even Higher Returns? If you’re saving for a future goal and don’t need immediate access to your funds, consider one of our limited-time promotional Certificates of Deposit. Current CD Specials These promotional rates provide an excellent opportunity to earn even more on your savings while keeping your money safe and federally insured. A Simple Strategy That Can Make a Big Difference Imagine this: Your paycheck is deposited automatically through Direct Deposit. Before long, you’re building savings without having to think about it. Financial success doesn’t always come from making big changes—it often comes from creating small, consistent habits that happen automatically. Let’s Help You Reach Your Goals Whether you’re just getting started or looking to make your savings work harder, SRI Federal Credit Union has the tools to help. Our team would be happy to help you: Set up Direct Deposit Your next paycheck could be the first step toward a stronger financial future. Stop by one of our branches or contact us today to get started! APY=Annual Percentage Yield. APYs are accurate as of July 2026 and are subject to change without notice. Promotional Certificate of Deposit offers are available for a limited time. Early withdrawal penalties may apply. Membership eligibility required.
4.15% APY*
4.00% APY*
A portion is automatically transferred into your Core Savings Account.
Once your savings grows, you move a portion into one of our promotional Certificates of Deposit to earn an even higher return.
Open a Core Savings Account
Take advantage of our current promotional Certificate of Deposit specials
Create a savings strategy that fits your goals
Celebrating Father’s Day: Building Strong Families and Strong Financial Futures
Father’s Day is a special opportunity to recognize and celebrate the fathers, grandfathers, stepfathers, and father figures who have helped shape our lives through their love, guidance, and support. Many of life’s most important lessons come from the people who lead by example. From teaching the value of hard work and responsibility to encouraging us to save for the future and plan for life’s milestones, fathers often play an important role in helping build a strong financial foundation for their families. At SRI Federal Credit Union, we understand that financial well-being is about more than numbers, it’s about helping families achieve their goals and create lasting memories. Whether it’s saving for a child’s education, purchasing a first home, planning a family vacation, or preparing for retirement, every financial decision contributes to a brighter future. As a member-owned financial cooperative, our mission is rooted in the credit union philosophy of “people helping people.” We are proud to support our members through every stage of life by providing trusted financial products, educational resources, and personalized service. This Father’s Day, we encourage everyone to take a moment to thank the fathers and mentors who have made a positive impact in their lives. Their lessons, sacrifices, and encouragement often extend far beyond a single day and help strengthen families for generations to come. From all of us at SRI Federal Credit Union, we wish all fathers and father figures a very Happy Father’s Day. Thank you for the care, dedication, and example you provide to your families and communities every day.
Honoring Juneteenth: Celebrating Freedom and Financial Empowerment
Each year on June 19, we observe Juneteenth, a day that commemorates the end of slavery in the United States. On June 19, 1865, more than two years after the Emancipation Proclamation was issued, Union troops arrived in Galveston, Texas, to announce that enslaved African Americans were finally free. Juneteenth is a time to reflect on our nation’s history, celebrate resilience, and recognize the ongoing pursuit of equality and opportunity for all. At SRI Federal Credit Union, we believe that financial well-being is an important part of building stronger individuals, families, and communities. Credit unions were founded on the principle of “people helping people,” ensuring that financial services are accessible, fair, and designed to benefit members rather than shareholders. Financial education and access to affordable financial products can help create opportunities for future generations. Whether it’s saving for a first home, financing an education, purchasing a vehicle, or planning for retirement, having a trusted financial partner can make a meaningful difference. As we honor Juneteenth, we also celebrate the values of inclusion, community, and empowerment. We remain committed to serving our members with integrity, respect, and a dedication to helping them achieve their financial goals. We encourage everyone to take a moment to learn more about the history and significance of Juneteenth, reflect on the progress that has been made, and consider the role we all play in building a more equitable future. From all of us at SRI Federal Credit Union, we wish you a meaningful and reflective Juneteenth.
PLUS Loans: Understanding Eligibility & Applying
As tuition costs increase, college is becoming more expensive. Fortunately, there are many financing options available to students and their families. Direct PLUS loans (commonly called simply “PLUS loans”) are one example—these federal student loans can cover the full cost of college attendance, minus any financial aid you have received. But is taking out a PLUS loan the right option for you and your family? Keep reading to find out everything you need to know about getting a PLUS loan. A Direct PLUS loan is a federal student loan that’s provided through the U.S. Department of Education. PLUS loans can be taken out by parents of undergraduate students (or by eligible graduate students) to help finance their education. You can read more about PLUS loans in the Department of Education’s guide, but we’ll hit the highlights below. Compared to other types of student loans, PLUS loans stand out for their: You can find PLUS loans’ current interest rates on the Department of Federal Student Aid’s website. As of April 2026, the interest rate is 8.94%, and you’ll also incur loan fees of 4.228% that will be deducted from your PLUS loan disbursements unless you choose to roll it into your outstanding loan balance. Since PLUS loans’ interest fees are not subsidized, you’ll start accruing interest on them as soon as the money is disbursed. While you can defer your loan payments until six months after your child graduates, you’ll still accrue interest during that time. While PLUS loans have some special advantages, they may not be the most affordable way to pay for your child’s education. You can use a combination of these financing options to pay for college: Before you apply for a PLUS loan, you’ll want to make sure you meet the PLUS loan eligibility requirements. To qualify for a PLUS loan, you must: While your credit is taken into consideration, you may still be able to get a PLUS loan with poor credit. Applying with an endorser can drastically improve your chances of qualification, as an endorser is someone with better credit who agrees to take over your payments if you can’t make them yourself. If extenuating circumstances contributed to your low credit score, you can explain them to the Department of Education, too. Depending on the circumstances, they may be willing to overlook lower scores. First, the student must have completed the Free Application for Federal Student Aid (FAFSA). To apply for a PLUS loan, you must follow the application process of your student’s school’s financial aid office. You’ll also have to fill out a loan application on Studentaid.gov. This application will ask you to provide: Once you submit your application, you’ll be notified of the maximum amount you can borrow. After selecting your preferred loan amount, simply sign a Master Promissory Note (MPN) at Studentaid.gov to finalize the process. Once you’re approved for your PLUS loan, your money will be sent to your school’s financial aid office, where it will be automatically applied to your student’s tuition, room, and board. Any remaining balance will be refunded to you within 14 days. PLUS loans can help many families afford college tuition if other sources don’t cover the costs in full. Now that you know how PLUS loans work, you can decide if they’re the right college financing option for your family. Have more questions about financial aid? Our College Counselor can answer also personally answer your financing questions. We can also help you find affordable private student loans from a credit union near you. If you’ve already applied for a PLUS loan and still need help covering costs, SRIFCU offers additional student lending options through our trusted partner. 👉 Explore your options here: You will find: Choosing how to pay for college is a big decision but you don’t have to do it alone. SRIFCU is here to support you every step of the way. Have questions? Reach out we’re always happy to help.What is a PLUS Loan?
What Are the Benefits of a PLUS Loan?
PLUS Rates and Fees
What Are Some Alternatives to PLUS Loans?
Who is Eligible for a PLUS Loan?
How Do You Apply for a PLUS Loan?
Learn More About Your Options for College Financing
Need Additional Funds?
🔗 https://srifcu.studentchoice.org/
We’re Here to Help
Apply for the 2026 SRIFCU Memorial Scholarship
At SRI Federal Credit Union, we believe in investing in our members, not just financially, but in their futures. That’s why we are proud to announce that we are now accepting applications for our 2026 SRIFCU Official Memorial Scholarship.
Each year, this scholarship program honors the legacy of past credit union volunteer officials whose dedication helped shape the strong, member-focused institution we are today. Through this program, we aim to support the next generation of students as they take the next step in their educational journey. SRI Federal Credit Union will award up to four (4) scholarships, each valued at $1,500, to eligible students pursuing higher education. These scholarships are awarded in honor of past volunteer officials, including: Their commitment to service and community continues to inspire us, and this scholarship is one way we carry that legacy forward. Applicants must meet the following criteria: We encourage all eligible students to apply early and ensure all required documentation is submitted before the deadline. Students can complete and submit their application HERE. Be sure to review all eligibility requirements and include any necessary supporting materials to ensure your application is considered. The SRIFCU Memorial Scholarship is more than just financial assistance, it’s an opportunity to be recognized by your credit union for your hard work, goals, and commitment to your future. Whether you’re planning to attend a university, pursue a trade, or continue your education at a higher level, this scholarship can help ease the financial burden and allow you to focus on what matters most: your success. At SRI Federal Credit Union, our mission has always been rooted in supporting our members at every stage of life. From your first savings account to major life milestones like education and homeownership, we’re here to help you succeed. We are honored to support students in our community and look forward to reviewing this year’s applications. As scholarship opportunities become more visible this time of year, so do scams. Keep these tips in mind: If you ever have questions, feel free to contact us directly, we’re here to help. Don’t miss your chance to be considered for the 2026 SRIFCU Memorial Scholarship. We wish all applicants the very best of luck and look forward to supporting your educational journey.
Scholarship Details
Who Is Eligible to Apply?
Important Dates
How to Apply
Why Apply?
Investing in Our Members’ Future
A Quick Reminder: Stay Safe from Scholarship Scams
Apply Today
Got a Tax Refund? Here Are 5 Smart Ways to Use It
Tax season is here, and for many people, that means one thing… a refund.
While it might be tempting to spend it right away, your tax refund is a great opportunity to strengthen your financial future. With a simple plan, you can turn that refund into something that continues working for you long after tax season ends.
Here are five smart ways to make the most of your tax refund this spring. If you don’t already have an emergency fund, this is one of the best places to start. Unexpected expenses can happen at any time, and having a financial cushion can make all the difference. Even setting aside part of your refund can give you peace of mind. 💡 Make it work harder for you: Tip: Use your refund to fully fund that first $5,000 tier and maximize your earnings right away. If you’re carrying balances on credit cards, your tax refund can be one of the fastest ways to reduce what you owe and save on interest. 💡 Smart move: This gives you breathing room to pay down your balance faster without interest working against you. *Request must go through Balance transfer Application linked HERE. If you don’t need immediate access to your refund, putting it into a certificate can be a great way to earn more. 💡 Current opportunity: It’s a simple, predictable way to grow your savings over a short period of time. Your refund can also help you move forward on something meaningful. Think about what’s ahead this year: Using your refund intentionally can help you move forward without relying on additional debt. You don’t have to choose just one path. One of the smartest strategies is to split your refund: This approach helps you build financial strength while still enjoying the moment. Your tax refund is more than just extra cash. It’s an opportunity to reduce stress, build stability, and take a meaningful step forward financially. At SRI Federal Credit Union, we’re here to help you make the most of it with better rates, practical tools, and personalized support.
1. Build or Boost Your Emergency Savings
SRI Federal Credit Union’s Core Savings account currently earns 3.50% APY on the first $5,000, giving you a strong return while keeping your money safe and accessible.
2. Pay Down High-Interest Debt
Transfer higher-rate balances to an SRI Federal Credit Union Visa Credit Card and take advantage of 0% APR for 15 months on balance transfers*.
3. Lock In Your Earnings with a Certificate
SRI Federal Credit Union is offering a 9-month Certificate at 4.00% APY on new money. (Special good till the end of April 2026)
4. Invest in a Goal That Matters to You
5. Do a Little of Everything
Make Your Refund Work for You
✔️ Quick Next Steps:
Share the Love This February, Earn Rewards & Win a Dinner and a Movie for Two!
Love is in the air, and so are rewards! This Valentine’s season, SRI Federal Credit Union invites you to share the love with friends, family, coworkers, or a special someone, while earning something sweet in return.
With our Referral Rewards Program, you can earn up to $500 per year simply by introducing the people you care about to the credit union you trust. And in February, we’re making things even more exciting for everyone who opens a new account. Anyone who opens a new account during the month of February and qualifies will be automatically entered to win a Dinner and a Movie for Two. No referral required, just open a qualifying account and you’re in! Winners will be announced at the beginning of March 2026. As an added Valentine’s bonus, the first 20 new accounts opened in February that meet qualification requirements will receive a special gift. (Gifts available while supplies last.) Our referral rewards remain simple and rewarding: New members receive $50 after opening a new Savings and Checking account and setting up direct deposit. Referring members receive $50 for each qualified new member they refer. Referral rewards are capped at $500 per year per referring member. It’s our way of saying thank you for spreading the love and welcoming great people into our credit union family. Share SRI Federal Credit Union with a friend, coworker, or family member who could benefit from membership. When applying, your referral must select “Yes” to “Referred by Another SRI FCU Member” and complete the required referral information on the new member application. To qualify, new members must: Open a new Savings account Open a new Checking account Set up Direct Deposit Once the new member qualifies, both of you receive $50 and the new member is automatically entered for February’s Dinner for Two drawing. Our Core Savings Tier helps you start strong with: We even cover the $5 opening deposit to help you get started. We support your financial goals with: Checking accounts for everyday banking Money Market accounts with tiered earnings Certificates & IRAs for long-term growth Health Savings Accounts (HSAs) Convenient online and mobile banking access Your deposits are federally insured by the National Credit Union Administration (NCUA) for up to $250,000, giving you confidence and peace of mind. Referred members must meet standard membership eligibility requirements. New members must open a Savings and Checking account and establish direct deposit to qualify. Referring members must be in good standing. Referral rewards are capped at $500 per year per referring member. Dinner for Two drawing eligibility applies to all qualifying new accounts opened during February. Special Valentine’s gift is available to the first 20 qualifying new accounts opened in February. This Valentine’s season, share the love, earn rewards, and enjoy a chance to win a night out!
February Bonus — Dinner and a Movie for Two 🍽️
Special Valentine’s Gift for the First 20 New Accounts
Referral Rewards — Earn $50 Each
Easy Steps to Share the Love
Why Members Love SRI Federal Credit Union
Savings Designed for You
A Full Suite of Financial Tools
Safe & Secure Membership
Terms & Conditions
P2P & A2A Fraud: What It Is, How It Happens, and How to Stay Safe
Sending money digitally is fast and convenient. Whether you’re paying a friend back for dinner or transferring money between accounts, tools like person-to-person (P2P) payments and account-to-account (A2A) transfers make life easier. Unfortunately, scammers know this, and they’re taking advantage. At SRI Federal Credit Union, we want to help you understand how these scams work and what you can do to protect yourself. P2P fraud happens when someone tricks you into sending them money directly. Because these payments are quick and usually final, it can be hard to get funds back once they’re sent. Common P2P scams include: Someone pretending to be a friend or family member asking for money urgently Fake sellers or rentals that disappear after payment “Accidental payment” scams, where someone asks you to send money back Fake tech or banking support asking you to “verify” your account with a payment If the request feels rushed or unusual, that’s a big red flag. A2A fraud involves unauthorized transfers between bank accounts. These scams often start with stolen login information or convincing messages that look legitimate. Common A2A scams include: Phishing emails or texts that steal your online banking login Fake invoices or payment requests Scammers posing as employers, vendors, or financial institutions Account takeovers after credentials are compromised Most scams rely on pressure and emotion. Fraudsters often: Create urgency (“Act now!”) Pretend to be someone you trust Use fear or authority to rush you into action Taking a moment to pause and double-check can stop a scam in its tracks. Quick safety tips: Only send money to people you know and trust Never share passwords or one-time passcodes Be cautious with urgent payment requests Double-check unexpected messages, even if they look familiar Review your account activity regularly Act fast: Contact SRI Federal Credit Union right away Stop any pending transactions if possible Change your passwords Report the scam so we can help protect others Scammers are always changing tactics, but staying informed makes a big difference. If something feels off, trust your instincts and reach out. We’re here to help keep your money safe.
What Is P2P Fraud?
What Is A2A Fraud?
Why Scammers Are Successful
How You Can Protect Yourself
Think You’ve Been Targeted?
We’ve Got Your Back