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PHONE: 215-934-3500 or 800-832-PFCU

ABA Routing # 236084298

Counterfeit Money Order Scams

The latest scam to hit American consumers involves counterfeit financial instruments. It's costing victims millions of dollars each month. Counterfeit checks and money orders — including postal money orders — are used in the scam, which often starts with what appears to be an innocent contact via an Internet chatroom or by email.

Con artists posing as students, tourists, and overseas military personnel ask for help in cashing checks and money orders, or target people looking for love or companionship, in order to exploit their vulnerability. Online auctioneers are also at risk. Scammers buy goods or services on the Web and offer payment by check or money order — often in excess of the actual value of the goods or services.

In other cases, con artists ship the check or money order and ask the victim to cash it, keep a portion as a "gift," and wire back the rest, usually to an overseas address.

How to tell if it's official

  • Denominations are indicated on two locations.
  • Discoloration of the denomination amounts indicates erasure (fraudulent).
  • Maximum value for domestic postal money orders is $1,000.
  • Maximum value for international postal money orders is $700. (Maximum for Canadian money orders is $1,000)

To verify a postal money order, call the Money Order Verification System at 1-866-459-7822. If you suspect fraud, call the U.S. Postal Inspection Service at 1-877-876-2455 (select option 4).

rob

"In straying from the traditional life path, I've always had to be strategic with my finances so I happily welcomed a meeting with Erin, a money expert at PFCU. Aside from learning about her life story, I gained an understanding of the local roots of PFCU, learned that it's the institution of choice of some of the people with whom I've previously met and also became genuinely interested in their Kasasa cash back checking accounts! I'd recommend checking them out for anyone in the Philly area looking to build their savings!"

ROB - Robs10kFriends.com

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National Credit Union Administration 
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Excess Share Insurance Corporation 
Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.
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We do Business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

We provide links to external websites for your convenience. Philadelphia Federal Credit Union does not endorse and is not responsible for their content, links, privacy or securities policies.

Please note that the amount of money contained in your investment accounts are considered non-deposit products and therefore, are not NCUA insured, not credit union guaranteed, may lose value, are not guaranteed by any government agency. Since they are not a deposit of the Philadelphia Federal Credit Union, investment accounts do not qualify for Excess Share Insurance (ESI). Securities, Financial Planning and Insurance products are offered through LPL Financial, and its affiliates, Member FINRA, SIPC. LPL Financial and Philadelphia Federal Credit Union are independent entities.