ALEXANDRIA, Va.—Members of the military, veterans, and their families lost more than $25 million last year to imposter scams. To battle the problem, NCUA and the Federal Trade Commission are hosting a live Facebook event on July 17 to help military consumers learn how to protect themselves.
The Facebook live event is scheduled to begin at 2 p.m. ET. The discussion is part of the NCUA’s activities during Military Consumer Month, which runs during July. No registration is required, and there is no charge.
Representatives from NCUA and the FTC will discuss how to recognize and avoid scams and will share resources from their consumer sites, MyCreditUnion.gov and Militaryconsumer.gov. Participants are encouraged to comment and ask questions during the live conversation. They also can submit questions in advance to socialmedia@ncua.gov.
Military Consumer Month is a coordinated campaign led by federal, state, and local partners. The focus is to aid military consumers in making sound financial decisions while providing access to consumer-related resources at no charge.