Criminals have found a new approach to separate you from your hard-earned money. The scam - the criminal presents himself as a legitimate money lending business. Always use caution when approached online by a lender offering a rate that’s too-good-to-be-true. They offer you a better rate, a consolidation rate or a “special” rate. Whatever the offer, you will find it irresistible. Once they have your attention, you are required to complete a loan application. The loan application contains the customary loan requirements; however, in this scam they require your bank account number and your online banking password (they claim they need it to make the deposit of the requested loan). Obtaining this information is the ultimate goal of these scammers. Once they obtain your account number and password, they can log on to your account as the primary user- YOU. They can process transactions in the same manner the account holder would. They can even change the password and lock you out of your own account! Your account number and password are unique to you. This information is your fingerprint and enables the credit union system to recognize you as the user. It is confidential and no one needs your password for any reason. A loan, ACH debit, a check, a deposit, a transfer even a wire can be performed without this information. If anyone asks for your online banking password, it is a scam. If you have given out this information, change your password immediately and monitor your account for any unauthorized transactions.