18 people were arrested in Morgan County for fraud related to Redstone Federal Credit Union accounts

DECATUR, Ala. – Redstone Federal Credit Union officials say Morgan County investigators have arrested 18 people in connection with fraud against the financial institution.

In a statement released Monday, the credit union said the arrests took place last week and were the result of a year-long investigation. They said that “similar arrests are expected in surrounding counties.”

The types of fraud committed were not disclosed.

“Any Redstone member who suffered a loss as a result of these fraudulent activities has been fully compensated by Redstone,” officials said. “We are committed to protecting our members’ accounts insured by the National Credit Union Administration.”

One of the easiest ways for customers to prevent fraud is to keep an eye on your accounts regularly and report any unknown charges or other unusual activity to you immediately. For RFCU accounts, members should call 1-800-123-1234 or email [email protected].

At many financial institutions, depositors are generally not liable for unauthorized or fraudulent charges.

If you notice fraudulent activity on your accounts, you should also notify the major credit reporting agencies (Experian, TransUnion, and Equifax) and request a temporary freeze. This prevents further fraudulent activity – such as opening accounts in your name. Remember to contact the credit bureaus again to have the freeze lifted once your accounts are back in good standing.

The Federal Trade Commission has compiled a list of tips that you should follow if you become a victim of any type of fraud or fraud.