LOCAL LAW ENFORCEMENT AND VERVE TEAM UP TO FORM THE FRAUD SQUAD

Published Tuesday, May 17, 2022

A team of ordinary people, law enforcement officers and a credit union are here to help protect your financial health. While fraud and scams have been around for a long time, in recent years, local law enforcement saw exponential growth in losses despite efforts to educate and inform consumers of how to keep their money safe. Looking for a strong financial partner to help create a fun and engaging awareness campaign around fraud and scams, local law enforcement reached out to Verve, a Credit Union. In partnership with the Winnebago County Sheriff’s Office, Appleton Police Department, Village of Fox Crossing Police Department and creative partners, Verve, a Credit Union, created the Fraud Squad.

“The sophistication of the scams and fraud we see today makes each and every one of us targets,” said Lieutenant Meghan Cash, Appleton Police Department. “From young adults affected by fake job scams to senior citizens convinced they are helping a family member in need, our entire community is being impacted. It was clear a strong partnership was needed to be more effective in protecting community members from losses.”

The Fraud Squad, a newly developed effort intended to curb the devastating effects fraud and scams can have in our communities, provides education and training on common fraud and scams to retailers and consumers alike, including ways to stay safe and how to recognize fraud and scams.

“Verve is proud to actively seek out opportunities to help community members live fuller lives, and we know awareness and education are key components,” said Kevin J. Ralofsky, president and CEO of Verve. “We’re honored to team up with local law enforcement and allow our team members to share their financial expertise in an engaging way. We believe this is only the beginning of a great partnership with a goal of creating a savvier community through education and open discussion to ultimately stamp out fraud.”

In the United States, nearly $6 billion was reported as lost to scammers in 2021. To learn more about safeguarding your finances, or if you are a law enforcement agency or business interested in joining the fight against fraud, please visit fraudsquad.com.

Founded in 1937, Verve, a Credit Union, is a member-owned, not-for-profit financial cooperative with nearly $1.5 billion in assets and serves more than 64,000 members at 20 locations. Membership is open to anyone who lives, works or worships in 25 counties throughout Wisconsin, Illinois and Minnesota and to employees of Kimberly-Clark Corp., Fox River Paper Co., the medical services industry and the immediate family of any current member. Federally insured by NCUA.     

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