Latest News

Scams you should look out for and how to beat them

July 21st, 2021

 

Well, internet scams are not a new thing, and as much as we’d all like to imagine we wouldn’t be caught out by one, the rise of online working and communication from the pandemic has caused the number and variation of online scams to soar. We want to talk about some of the most common, as well as some new scams which are circulating just now, and how to avoid them.

 

Phishing

Phishing is when cybercriminals try to get your information by creating messages that seem genuine. Phishing is one of the most successful internet scams and each year steal thousands of victims’ passwords, bank details, social security information and any other relevant information that scammers can get their hands on. A good example of phishing is an email from ‘Netflix’ asking you to update your payment details, giving you a link to do so. Always be vigilant when a company asks for personal details and remember that most legit companies will not ask for such sensitive information via email. As a rule of thumb, always double check who is asking for your information, and if you’re not sure, don’t give out your details.

 

Shopping scams

This is one of the less obvious scams given the swarm of new companies out there. For instance, you may see an advert for a new clothing company that looks completely legit, with product photos and even some (fake) reviews. With these scams, after you purchase their product, you will be charged but you will not receive any product. The best way to avoid these scams is to check the company’s URL (a secure site will start with ‘https’ and not just ‘http’) and to search for reviews of the company online. It’s also a good idea to read the reviews and check for anything that seems off, as well as what people are saying about the brand online.

 

Cryptocurrency scams

You may be hearing a lot about new cryptocurrencies like Bitcoin and Doge Coin, but not a lot of people fully understand them. This makes it a great way for scammers to steal from you. Scammers will encourage you to make investments in these new companies. In exchange for your money, you will receive shares in the company. However, be wary, these companies often do not exist and those who do can be extremely high risk and likely to lose your money. What’s more dangerous is that your details be used again and your money stolen. Always be very careful when making financial decisions like investing and talk to someone who knows what they’re talking about. Again, if in doubt, don’t do it.

 

Payday loan scams

At Pollok Credit Union, this is one we know all too much about. Examples of payday loan scams are companies asking for upfront fees before guaranteeing you a loan. But once the fee is paid, you will no longer be able to get back in touch with the company. Genuine lenders do not charge fees before you’re approved for a loan. Another common example is a call from someone claiming to be a debt collector, threatening legal action if you don’t pay urgently. They may have your personal details and demand money to be sent to them. Remember, don’t give out personal information over cold calls and from threatening individuals. If you have a loan out, speak to your lender for verification. We want you to know that your local credit union is here for you and we can offer the help you need. Don’t be afraid to reach out to us. As a non-profit organisation, our job is to serve our members as best we can.

 

Fake charities

Sometimes after global catastrophes, scammers will attempt take advantage of your good nature and emotional reaction to tragedies. It’s always best to give to reputable charities with a track record of actually helping the people affected. While many new charities are set up with good intentions, there are plenty of fake charities set up to take your money or to donate a very small amount to those affected. If you really want to help, do your research first.

 

Romance scammers

You might not think you’ll fall for a romance scammer, but new data from UK Financerevealed a 20 per cent increase in bank transfer romance fraud between January and November last year, with victims losing thousands of pounds. It’s not just from bank transfers that romance scammers get your money, often victims are manipulated into buying presents for the scammers in order to win their affection. Scammers don’t have to be out and out cybercriminals to take your money. Online dating makes it easy for people to manipulate you into spending money on them. As a general rule, don’t send money to someone you haven’t met someone face-to-face and don’t completely trust.

UPDATE

January 28th, 2021

Update on our opening hours:

 

Pollok Branch

Monday – Friday

9am – 2pm

 

Maryhill Branch

Monday – Friday

9am – 2pm

 

Possilpark Branch

Closed

 

Royston Branch

Closed

 

Christmas Opening Hours

December 10th, 2020

Pollok Credit Union Christmas Opening Hours

Maryhill & Pollok Branch

Christmas Eve Open 9am – 2pm
Christmas Day CLOSED
Boxing Day CLOSED
Sunday 27Th December CLOSED
Monday 28th December CLOSED
Tuesday 29th  December Open 9am – 2pm
Wednesday 30th  December Open 9am – 2pm
New Year’s Eve Open 9am – 2pm
New Year’s Day CLOSED
Saturday 2nd January CLOSED
Sunday 3Rd January CLOSED
Monday 4th January CLOSED
Tuesday 5th January Open 9am – 2pm

 

Please note our PossilPark branch will  Close on 24th December at 2pm and re-open on Tuesday 5th January 2021

Please see our website for opening hours.

Ways to save money this Christmas

November 12th, 2020

Ways to save money this Christmas

 

 

Christmas is coming, and after such a tough year, we’re all hoping to finish on a positive note. However, we know that Christmas is an expensive time and that can bring a lot of financial stress. This may be the case even more so this year, so we’ve noted a few things that might make things just that little bit easier! After all, I think we could all do with a little bit of help and I think we deserve it too!

Make a plan.

This is our number one tip for keeping financial worries under control during the festive season. Though it is simple, we’ve all been there, telling ourselves we’ll plan ahead, then when the time comes we think “ah, it’ll be fine”. This year, don’t put off making a plan as it is the best way to avoid losing track of expenses and finding yourself in a worse situation than you realised. Be sure to plan not just what you intend to buy but what you are going to do this year too, as this will allow you to include any paid events or small outings that might cost you. Making sure you incorporate some fun activities and days to look forward to is so important for your wellbeing, and it will make cutting back on unnecessary expenses easier too.

 

Budget.

Much the same as making a plan, a great way of keeping on top of your money at this time of year is by making a budget. When setting your budget, make sure you leave some wiggle room for unexpected costs and expenses, this will prevent any unexpected occurrences derailing you from your Christmas plans. Another tip is to break your budget down into short and long term financial goals. Personally, this is one of our favourite tips, as it seems to make budgeting seem a bit more doable!

While you don’t have to, telling a partner or friend about your budgeting goals can give you accountability and may motivate you to stick to your goals. What’s more, there are a number of apps you can download like Emma – Budget Planner Tracker which can be a real help!

 

Buy local.

It’s been a tough year for business, especially small businesses! Lots of small businesses will be needing your help this Christmas and if you can, shopping small and locally can be a great way of helping out. Besides, some of the gifts you can buy will seem a lot more thoughtful, yet they won’t put you out of pocket. Check out Etsy and various social media accounts for some amazing personalised and hand-made gifts.

 

Borrow local.

After doing all of this, you might still need to take out a loan. Our loans offer competitive rates and we are flexible in terms of repayments. You can opt to repay your loan directly through payroll deductions and there’s no extra or hidden fees to worry about. Not only that, but our friendly staff will be on hand at your local branch if you have any queries. You can also apply for your loans online through CUonline+ which makes applying for a loan hassle free.

 

Go easy on yourself!

Finally, we want to tell you to go easy on yourself. It’s been a challenging year and financial stress may well be a part of that. However, it’s important that we understand what is and isn’t in our control, and that we have all done a tremendous job of getting through a pretty tough year. So let’s help ourselves and help others to make sure we finish off 2020 on a positive note and have a very merry Christmas!

ANNUAL MEMBERSHIP FEE

September 29th, 2020

A reminder to all members that the annual £7.50 membership fee will be collected from your account on Wednesday 30th September.

Please ensure you have available funds in your account on the 30th September so that your PCU account remains active.

There are many benefits to saving with PCU – one is our life savings policy.

In the event of a member’s death, all savings made before the age of 65 that are not withdrawn are doubled, and then passed on to the nominated beneficiary (for savings made between 65-79, it’s 1.25 times the savings). For further details see our Pollok Credit Union website.

If you’re not yet a member and would like to have these and many other benefits of joining us, you can join online now at www.pcu.org.uk Our existing members can view your account on our CU online plus if you are not already a user you can register online via our website.

REMINDER

September 25th, 2020

Pollok Credit Union Ltd Annual General Meeting (AGM) Monday 28th September 2020 at 6.00pm

HELD VIA ONLINE PLATFORM

For log in details and the agenda please email info@pcu.org.uk

SEPTEMBER WEEKEND UPDATE

September 23rd, 2020

** PLEASE NOTE**

Pollok Credit Union will be closed on Monday 28th September we will re-open on Tuesday 29th September 9am.

Thanks.

PCU Virtual Annual General Meeting, Monday 28th September 6pm

September 22nd, 2020

All members are invited to attend the Credit Unions virtual AGM, please email info@pcu.org.uk and register your interest and we will send a Zoom link on Monday 28th September.

We have vacancies on PCU Board of Directors and if any member wishes to become a Director then please email info@pcu.org.uk for a nomination form.

ATTENTION ALL MEMBERS

September 15th, 2020

Possilpark branch reopen

September 7th, 2020

Reminder that our Possilpark Branch will re-open tomorrow Tuesday 8th September at 10am!
Thank you to all our members for their patience, we look forward to seeing you all.