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Money Mule Scams

Money Mule Scams

Posted On: May 9, 2024 by San Luis Valley Federal Bank in: Financial Education

What's a Money Mule? When criminals obtain money illegally, they need to hide or launder the source of the funds. One method they use is to look for people to transfer that money for them. Those people become money mules, and are used to move and launder the money. If someone sends you money and asks you to send some or all of it to someone else, you could be a money mule. Often, scammers will approach you online, but they may also call you directly. Regardless of the particular method, the goal is the same—to use consumers to move money so that law enforcement cannot easily track it. If someone asks to use your bank account or asks you to open a bank account in your name to send and receive money on their behalf or business, don’t do it! Even if they offer to pay you some cash for your trouble, it’s not worth it. You may not only be risking your financial assets and identity, but your actions could be criminal.  Who Do Criminals Target? Anyone
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Money Mule Scams

Money Mule Scams

Posted On: May 9, 2024 by San Luis Valley Federal Bank in: Financial Education

What's a Money Mule?

When criminals obtain money illegally, they need to hide or launder the source of the funds. One method they use is to look for people to transfer that money for them. Those people become money mules, and are used to move...

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Tags: Financial Literacy, Scams

Financial Trauma

Financial Trauma

Posted On: March 1, 2024 by San Luis Valley Federal Bank in: Financial Education

Confronting an Unspoken Reality: Financial Trauma Affecting Money Management.

In the realm of financial education, there exists a subject rarely discussed: financial trauma. Yet, despite its taboo nature, its impact reverberates through countless...

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Tags: Financial Health, Financial Trauma

End of Year Donations

End of Year Donations

Posted On: February 1, 2024 by San Luis Valley Federal Bank in: News

Investing in Community: Our Commitment to the San Luis Valley

At San Luis Valley Federal Bank, community is at the heart of everything we do. As a member, your continued trust and support in SLVFB allow us to contribute to the growth and well-being...

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Tags: Donation

Health Savings Accounts

Health Savings Accounts

Posted On: September 29, 2023 by San Luis Valley Federal Bank in: Financial Education

The Power of Health Savings Accounts

In today's ever-changing healthcare industry, one tool that has emerged as a powerful ally for those seeking to take control of their medical expenses while building financial security is Health Savings Accounts...

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Tags: Financial Education, Health Savings Accounts, HSA, Savings

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Escrow Pricing Increase

Posted On: September 8, 2023 by San Luis Valley Federal Bank in: News

Important Notice: Your Escrow Pricing may Adjust for 2024

As you may be aware, your property value may have increased this year. County Assessors throughout the Valley performed a property valuation from January 01, 2021, to June 30, 2022....

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Tags: Escrow, Mortgage, Mortgage Loan, Property Taxes

Credit Report Opt Out

Credit Report Opt Out

Posted On: July 27, 2023 by San Luis Valley Federal Bank in: Financial Education

How to Opt Out of Marketing Triggered by Credit Inquiries

We recently learned that some members receive many marketing solicitations after pulling their credit report. The four major credit bureaus, Equifax, Experian, Innovis, and Transunion,...

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Tags: Credit Report

Commercial Loan Officers

Protecting your Business

Posted On: July 7, 2023 by San Luis Valley Federal Bank in: Financial Education

Business Identity Theft Protecting your Business and Resources

 

What is Business Identity Theft?

In the case of a business, a criminal takes over the identity of a business and uses that identity to establish lines of credit...

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Tags: Business Identity Theft, Protecting your Business

2023 Fireworks

2023 Fireworks

Posted On: June 20, 2023 by San Luis Valley Federal Bank in: Events

Save the date! In cooperation with the City of Alamosa, San Luis Valley Federal Bank is thrilled to announce its 25th annual fireworks show on July 4th, 2023, at the Alamosa Fairgrounds at 9:30 pm. The show is FREE to the public.

Check for...

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Safe Banking for Seniors

Posted On: June 15, 2023 by San Luis Valley Federal Bank in: Financial Education

SAN LUIS VALLEY FEDERAL BANK JOINS ABA FOUNDATION’S SAFE BANKING FOR SENIORS CAMPAIGN

We are joining the American Bankers Association Foundation’s Safe Banking for Seniors campaign. We will mobilize bankers across the Valley to educate...

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Tags: Financial Education, Financial Literacy, Safe Banking For Seniors, Scams

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Raising Financially Responsible Children

Posted On: April 13, 2023 by San Luis Valley Federal Bank in: Financial Education

Raising Financially Responsible Children

Did you know that setting up a savings account for your children can be the best way to get them started on healthy and successful money habits? On the surface, it teaches basic math skills, but more importantly,...

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Tags: Budget, Financial Education, Financial Literacy, Saving