<p>As AI technology advances, so do the methods fraudsters use to exploit it. Artificial Intelligence (AI) refers to a machine's ability to imitate human intelligence, using advanced algorithms and machine learning to mimic human thinking and decision-making. Scammers are leveraging AI to manipulate data, bypass security measures, and target financial institutions and their customers.&nbsp;</p><p>Below are some of the most concerning ways AI is used in bank fraud, along with tips to protect yourself.</p><img alt="" src="/images/default-source/blog-article-images/ai-scam-blog.png?sfvrsn=c78e5ce_1" sf-size="100" /><h3>Creating Fake Identities</h3><p>AI can combine real and fake data to build convincing identities, pulling information from online sources to pass identity verification systems. These fake profiles are often used to open fraudulent accounts or take over existing ones.</p><h4 style="margin-left:30px;">Protection Tip:</h4><p style="margin-left:30px;">Double-check suspicious accounts or transactions. Use multi-factor authentication (MFA) for your Metro accounts to increase security.</p><h3>Copying Important Documents</h3><p>AI can generate realistic forgeries of passports, driver&rsquo;s licenses, and other identification documents, enabling fraudsters to skip identity verification processes and access accounts.</p><h4 style="margin-left:30px;">Protection Tip:</h4><p style="margin-left:30px;">Always keep your personal documents secure and be cautious when sharing them online. If you suspect your information has been compromised, immediately <a target="_blank" href="/about-us/contact-us">contact Metro</a> to lock accounts and report the issue.</p><h3>Phishing Scams</h3><p>AI can create convincing phishing emails and messages, automating and scaling attacks to make them more targeted. Fraudsters mimic a financial institution&rsquo;s style to create emails or texts that appear authentic, often containing links that steal personal information.</p><h4 style="margin-left:30px;">Protection Tip:</h4><p style="margin-left:30px;">Be cautious with unsolicited emails or texts. Verify requests for personal or financial details, check the sender&rsquo;s address, and avoid clicking links. Instead, access Metro&rsquo;s website or <a target="_blank" href="/services/online-banking">mobile app</a> directly.</p><h5 style="margin-left:30px;">Metro Credit Union will never ask you to click a link via text!</h5><h3>Voice Cloning</h3><p>AI can clone voices using a few seconds of audio, enabling fraudsters to impersonate family members or trusted sources. Scammers may claim to be loved ones in distress, urging you to transfer money immediately.</p><h4 style="margin-left:30px;">Protection Tip:</h4><p style="margin-left:30px;">Never send money based on a phone call alone. Verify the caller&rsquo;s identity by contacting them directly or consulting other family members.</p><h5 style="margin-left:30px;">Metro Credit Union will never call or text you to ask for your sensitive information or have you click a link in a text message.</h5><h3>Deepfake Videos</h3><p>Deepfake videos, created with AI, can impersonate family, friends or trusted sources to manipulate you into revealing personal information or making financial transactions, making scams appear legitimate.</p><h4 style="margin-left:30px;">Protection Tip:</h4><p style="margin-left:30px;">Be skeptical of video requests for money or sensitive information. Verify the source and seek a second opinion if something seems unusual.</p><h3>Fraud Detection Bypasses</h3><p>Advanced AI systems can analyze security processes to make fraudulent transactions appear legitimate, bypassing fraud detection measures.</p><h4 style="margin-left:30px;">Protection Tip:</h4><p style="margin-left:30px;">Regularly monitor account statements for unusual transactions. Set up fraud alerts on <a target="_blank" href="/services/online-banking">online banking</a> to receive instant notifications of suspicious activity.</p><h3>Fake Websites and Apps</h3><p>Scammers use AI to create fake websites and mobile apps that mimic financial institution interfaces, tricking customers into sharing sensitive information.</p><h4 style="margin-left:30px;">Protection Tip:</h4><p style="margin-left:30px;">Check URLs for &ldquo;https&rdquo; and avoid downloading apps from untrusted sources. Visit our website for more information about our <a target="_blank" href="/services/online-banking">mobile app</a>.</p><hr /><h3>HOW TO REPORT FRAUD</h3><p>If you believe you&rsquo;ve been a victim of fraud or have unrecognized transactions on your Metro Credit Union account, contact us immediately:</p><p style="margin-left:30px;"><strong>By Phone: </strong>402.551.3052</p><p style="margin-left:30px;"><strong>In Person:</strong> Visit one of our branches</p><p style="margin-left:30px;"><strong>Online: </strong>Use the secure Message Center in the Metro Credit Union app or website</p><p>Visit our <a target="_blank" href="/services/fraud-protection">fraud protection page</a> regularly for current scams facing consumers, and insights on how to protect your identity, personal information, your loved ones, and your money.</p><div><br /></div>

<p>Are you thinking about buying a home in the Greater Omaha area? This will be one of the biggest financial decisions you&rsquo;ll ever make, so it&rsquo;s important to be well-prepared, especially if you&rsquo;re a first-time buyer.&nbsp;</p><p>Here are some tips and advice to help you easily navigate the process.</p><img src="/images/default-source/blog-article-images/tipsforfirsttimehomebuyersblog.png?sfvrsn=103b688_1" sf-size="100" alt="" /><h3>Make Sure You're Ready for Homeownership</h3><p>To start off on the right foot when buying a home, it's important to evaluate your finances. Consider your income, spending habits, savings, and budget to determine how much you can comfortably afford on a mortgage.</p><p>Many first-time home buyers know that owning a home is a significant, long-term expense, but they might not think about the potential for unexpected expenses in addition to their monthly mortgage payment. Here are some questions to ask yourself:</p><ul><li>Do I have a stable income?</li><li>Am I prepared to handle home repairs? As a homeowner, you will be responsible for fixing things like the roof or air conditioning if they break. It's a good idea to save about 1% to 3% of your home's value for home maintenance and regular upkeep.</li><li>Am I ready to live in this home and neighborhood long enough (ideally 5 years or longer) to build some equity in my house?</li><li>Have I determined the maximum amount I can afford to spend on housing? <a href="/resources/financial-calculators/mortgage-affordability-calculator" target="_blank">Knowing your mortgage costs</a> will help you plan your budget.</li></ul><h3>Evaluate Your Financial Goals</h3><p>Think about both short-term and long-term financial goals in addition to homeownership. Are you saving for education, paying off debt, planning for retirement, or starting a business? Knowing your full financial picture helps you make better decisions that match your goals.<br /></p><h3>Start Saving Early</h3><p>The more time you have to save, the better. A larger down payment lowers interest costs, reduces monthly payments, and may help you get a better rate. You may also need to pay extra each month for private mortgage insurance (PMI) if your down payment is less than 20%.</p><p>To avoid PMI and keep your payments lower, try to save at least 20% of the home's purchase price. Additionally, plan for closing costs, which typically range from 2% to 6% of your loan amount. Closing costs include appraisals, title insurance, and lender fees. Your lender can provide an estimate upfront.</p><h3>Check Your Credit Score</h3><p>Your credit score heavily influences mortgage approval and interest rates. Regularly checking your FICO&reg; Score will help you make informed decisions and take steps to improve your credit if necessary. Each quarter, Metro Credit Union provides our members with their updated FICO&reg; Score, available in <a href="/services/online-banking" target="_blank">online banking</a> under the tools section.</p><h4 style="margin-left:30px;">Accessing Your Free Annual Credit Report</h4><p style="margin-left:30px;">Under federal law, you can obtain a free copy of your credit report from each of the nationwide consumer reporting agencies once a year. Monitoring your credit report annually ensures the accuracy of your credit history. Here&rsquo;s how you can obtain your free annual credit report:</p><ul style="margin-left:30px;"><li><strong>By Phone:</strong> Call toll-free: 1.877.322.8228.</li><li><strong>Online:</strong> Visit <a href="http://www.annualcreditreport.com" target="_blank" data-sf-ec-immutable="">www.annualcreditreport.com</a> to request your credit report online.</li><li><strong>By Mail:</strong> Obtain the Annual Credit Report Request Form from the <a href="https://www.annualcreditreport.com/manualRequestForm.action" target="_blank" data-sf-ec-immutable="">Federal Trade Commission's website</a>. Fill out the form and mail it to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.</li></ul><h3>Be Flexible</h3><p>Finding your dream home and buying the right home may not be the same. Staying flexible can help you become a homeowner. Explore different locations, home types, sizes, and fixer-uppers. Expanding your options may lead to a more affordable home that still fits your needs. A buyer&rsquo;s real estate agent can also help you find the right home, negotiate for you, and make sure you don&rsquo;t overpay.</p><h3>Understand Your Loan Options</h3><p>Metro has a variety of home loan options to meet your preferences:</p><ul><li><strong>Conventional Loan:</strong> Requires a higher credit score and down payment but offers competitive interest rates.</li><li><strong>FHA Loan:</strong> Insured by the Federal Housing Administration, often with lower credit score requirements and smaller down payments.</li><li><strong>VA Loan: </strong>Available to eligible veterans, active-duty service members, and certain members of the National Guard and Reserves, offering excellent terms, which could include no money down, though closing costs still apply.</li></ul><h3>Mortgage Pre-Approval</h3><p>Getting pre-approved for a mortgage gives you an advantage in a competitive market. The lender reviews your finances and provides a letter stating how much you can borrow. This shows sellers you're a serious buyer and strengthens your credibility.</p><h3>Be Prepared for the Closing Costs</h3><p>Once you&rsquo;ve found your dream home, the closing process begins. This involves finalizing the mortgage, signing paperwork, and transferring ownership. Work with your lender and real estate agent to keep the closing process smooth.</p><h3>Your Trusted Mortgage Lender: Get Started Today</h3><p>Metro Credit Union is here to guide you through the homebuying process with personalized service and expert advice. Our friendly team will help you find the right mortgage for your dream home.&nbsp;</p><p>We proudly serve Omaha, Bellevue, Papillion, and surrounding Nebraska communities, supporting you from pre-approval to closing. <a href="/loans/mortgage-loans" target="_blank">Contact us</a> today to take the next step with a trusted local partner.</p>

<img alt="" src="/images/default-source/blog-article-images/tipsforcollegegrads-blog.png?sfvrsn=aae228c5_1" sf-size="100" /><p>Graduating from college is an exciting milestone that also comes with new financial responsibilities. After living on a college budget, receiving your first real paycheck from a post-graduate job may feel like having more money than you know how to manage. Developing smart money habits now can set you up for long-term success.&nbsp;</p><p>Here are 10 tips for managing your finances after graduation.</p><h3>1. Open the Right Bank Accounts&nbsp;</h3><p>Start with a checking and savings account from Metro Credit Union to manage your money effectively.</p><h4><a target="_blank" href="/accounts/checking-accounts">Checking Accounts</a></h4><p style="margin-left:30px;">Choose our easy, no cost checking account to get started, or opt for one with all the bells and whistles if you&rsquo;re interested in earning monthly interest or enjoying perks like free BillPay and cashier&rsquo;s checks. Either way, every account at Metro allows you to manage your finances on the go with <a target="_blank" href="/services/online-banking">online banking</a> and our mobile app.</p><h4><a target="_blank" href="/accounts/savings-accounts">Savings Accounts</a></h4><p style="margin-left:30px;">With just a $5 deposit, you become a Metro member, gaining access to all our products and services, including a variety of savings accounts federally insured by the NCUA.</p><h3>2. Create a Realistic Budget</h3><p>Budgeting builds financial stability. To make budgeting easier, use <a href="https://save-and-succeed.metrofcu.org/budget" target="_blank" data-sf-ec-immutable="">Save &amp; Succeed&rsquo;s budgeting tool</a> to list your income and expenses like rent, groceries, transportation and bills. The tool will show you what you have left and allow you to plan for specific savings goals, like a downpayment on a car or an emergency fund.</p><p>A clear budget helps you meet financial obligations, achieve your goals and avoid overspending.</p><h3>3. Automate Your Savings</h3><p>Set up direct deposit to automatically send a portion of your paycheck into your savings account. This simple step helps you save effortlessly and build financial security over time.</p><h3>4. Track Your Expenses</h3><p>Keep tabs on every expense, no matter how small. Knowing where your money goes helps you stay on track and shows where you can cut back to save. <a target="_blank" href="/services/online-banking">Download</a> the Metro Credit Union mobile app to access digital banking tools that make tracking expenses and managing money simple and convenient.</p><h3>5. Avoid Impulse Purchases</h3><p>Before you buy something, ask yourself if it&rsquo;s a want or a need. Waiting 24 hours before making a purchase can prevent unnecessary &ldquo;impulse buys&rdquo; and help you stay on budget.</p><h3>6. Build an Emergency Fund</h3><p>Unexpected expenses happen, like car repairs, medical bills, or job transitions. Try to save at least three to six months&rsquo; worth of expenses to cover emergencies without relying on credit cards.</p><h3>7. Set Financial Goals</h3><p>Decide what you want to achieve financially. Whether it&rsquo;s paying off student loans, saving for a car, or planning for travel, clear goals keep you motivated and focused. Open a high-yield account like a <a target="_blank" href="/accounts/money-market">Money Market</a> or <a target="_blank" href="/accounts/certificates">Certificate</a> for competitive rates to increase your savings.</p><h3>8. Start Building Your Credit Score</h3><p>A good credit score opens doors to lower interest rates and better financial opportunities. Pay bills on time, keep credit balances low, and avoid opening too many accounts at once. Each quarter, we provide our members with updates on their FICO&reg; Score, which you can access in <a href="https://my.metrofcu.org/Authentication?ReturnUrl=FicoScore" target="_blank" data-sf-ec-immutable="">online banking</a> under the tools section.&nbsp;</p><h3>9. Use Credit Cards Wisely</h3><p>Credit cards can be helpful but only if used responsibly. Make payments on time each month to keep your balance in check. Spend within your means to build a strong credit history.</p><h3>10. Get Financial Guidance</h3><p>You don&rsquo;t have to navigate your finances alone. Metro Credit Union provides resources like <a href="https://save-and-succeed.metrofcu.org/login" target="_blank" data-sf-ec-immutable="">Save and Succeed</a>, the credit union&rsquo;s personal finance program. Access <a target="_blank" href="/resources/financial-calculators">financial calculators</a>, <a target="_blank" href="/resources/blog">blogs</a>, and a variety of other <a target="_blank" href="/resources/member-education">member education</a> tools. Empower yourself with financial knowledge to make informed decisions.</p><hr />Starting strong financially after college is possible with the right habits and support. Metro Credit Union is here to help you make smart decisions no matter where you are financially. Visit our <a target="_blank" href="/home">website</a> today to learn more about how we can support your financial journey!<p>&nbsp;</p>