Cambrian Credit Union - Community

Search

Community

Corporate Giving Philosophy

Cambrian in the Community

Funding Requests

News Room

Cambrian is in your community! Check this page frequently to find the latest on our community involvement, sponsorship, news stories, and newsletters.

Click here to subscribe to our newsletter, and click here to view the latest issue.

Beware of "Grandparent Scam"

Recent reports from the Better Business Bureau are advising the public to be aware of the latest phone scam targeting grandparents. Scammers phone seniors, posing as their grand-child, claiming they’ve either been in an accident, or are in trouble with the law. In either case, the scammer asks the grandparent for money to help them get out of trouble. The cons ask for the money to be wired immediately, often in amounts in the thousands of dollars.

The scammers use tricks to con seniors. They might start off the conversation saying, “It’s me, your favourite grandchild,” to which the grandparent will guess the name. Or they might say, “Grandma? Do you know who this is?” Once the grandparent offers a name, the scammer uses it to gain credibility.

Some victims claim to have been phoned on multiple occasions and asked for money; by their “grand-child”, law enforcement officers, even court representatives. On each occasion, the senior is asked to send more money to cover expenses such as bail, legal fees, and repairs to damaged vehicles.

To keep from falling victim to such fraud, seniors are advised to not give out grandchildren’s names to people on the phone and to verify the story with other family members before sending off money, even if time seems of the essence.

Instances in which money is requested by phone should be treated with the utmost caution. Any time funds are to be wired or sent electronically, the sender should be fully aware of the benefactor’s legitimacy and purpose of such funds. If in doubt, questions should be asked before money is sent.

(Portions of article taken from www.cbc.ca/manitoba.)

	World Elder Abuse Awareness Day (WEEAD)
	World Elder Abuse Awareness Day (WEEAD) in Manitoba is Saturday June 15th, and Cambrian Credit Union branches ...
	ATM & Debit Card Outage
	On Sunday, June 23rd, there will be some upgrades made to Cambrian's ATM and debit card networks. Between ...
	Bank ding free® with Cambrian Credit Union!
	We’ve all been dinged by surcharge fees at an ATM that wasn’t our own. But as a Cambrian member, y...
	Important TFSA Information
	Re-examining your TFSAs? Here are a few "good to know" points: Increase to Contribution Limit The yearly ...
	RRSPs 101
	RRSPs are one of the best ways to save for retirement by offering an easy way to defer taxes while saving for ...
	Increases to Insurance Payments
	As you may be aware, the Manitoba Government recently introduced a 7% retail sales tax (RST) on creditor insur...
	Home Buyers' Checklist
	Buying a home can be stressful, especially if you are not familiar with the process and all the extra costs...
	Beware of individuals trying to gain access to your home computer
	Manitoba is currently getting hit with a sophisticated internet/phone scam. Many people have reported receivin...
	Protect Yourself from Fraudulent Emails
	Recently there has been an increase in the number of spam and fraudulent emails circulating on the internet. P...
	The Truth About Banking Service Fees
	Many Canadians believe that paying service fees to do standard transactions or to operate their account is o...
	Free Banking with the Unfee Effective April 1, 2011
	Beginning April 1, 2011, Cambrian's Refunded Service Fees program has changed to free banking with the Unfee...
	Let it Ride - The Power of Compounding Interest in Your Retirement Plan
	We could all use a little help maximizing our savings for retirement, and for many of us, utilizing the power ...
	Borrowing to Save... Does it Make Sense?
	RRSP Lines of Credit Whether your retirement is five years away or 40 years down the road, contributions to...
	Online Security Reminder
	In today’s world of ever-increasing reliance on online banking and electronic payments, Cambrian reminds...
	Beware of "Grandparent Scam"
	Recent reports from the Better Business Bureau are advising the public to be aware of the latest phone scam ta...
	Tax-Free Savings Accounts - Do You Have Yours Yet?
	Now that your focus has shifted away from your RRSP’s for a few months, why not consider looking int...
	A Great Time to Shop for a New Home
	With the weather warming up, the snow melting, and spring right around the corner, many people’s tho...