How to Report

Phone fraud, also known as phone scam or phone phishing, is a fraudulent practice in which individuals or organizations attempt to obtain personal or financial information from unsuspecting victims over the phone. Phone fraud can take many forms, such as fake IRS calls, tech support scams, or prize scams.

It is important to report phone fraud to the appropriate authorities to protect yourself and others. Here are some tips:

• Hang up and don’t provide any personal information: If you receive a suspicious phone call, hang up immediately and do not provide any personal or financial information to the caller. Remember that your credit union and other legitimate organizations will never ask for sensitive information over the phone.

• Take note of the caller’s information: Try to gather as much information about the caller as possible, such as their phone number, name, company name, and any other relevant details. This information will be helpful when reporting the fraud to the authorities.

Save Now

Saving for retirement is often put on the back burner, as people focus on more immediate financial needs and desires. While it may be tempting to spend money on things we want now, the future is unpredictable, and saving for retirement can help provide a safety net for when we no longer have a steady income.

Here are a few reasons to start saving for retirement as early as you can:

The power of compounding interest
Start saving as early as you can to take advantage of compounding interest, which allows your money to grow exponentially over time. For example, if you start saving $100 a month at age 25 and continue to do so until you retire at age 65, you could have over $330,000 saved up, assuming a 7% annual return rate. On the other hand, if you wait until age 35 to start saving, you would only have around $150,000 saved up by age 65, even if you save the same amount each month.

How to Navigate

In recent months, the rise in food prices has become a significant concern for consumers everywhere. Inflationary pressures, supply chain disruptions, and fluctuating commodity prices have contributed to an increased cost of groceries, putting a strain on household budgets. As consumers navigate this challenging landscape, it’s important to develop strategies to manage food costs while still enjoying healthy and satisfying meals.

The Causes of Rising Food Prices

• Inflation: General inflation has been affecting many sectors, including food. As the cost of production rises, these expenses often transfer to consumers. ​​​​​​​

• Supply Chain Issues: The pandemic and geopolitical events have disrupted supply chains, making it harder for food producers to deliver products efficiently.