Consumer Alerts

Consumer Alerts

May 27, 2014 – The Spring 2014 issue of FDIC Consumer News is now available online. Learn about ways to add to your savings and investments; how to get the most from your checking account; save on a mortgage; & refinance an existing loan of any type. Also, checkout tips for safe online shopping, person-to-person (P2P) payments, and protecting yourself from data breaches.

The issue is available on the FDIC Consumer News Winter 2013/2014.

February 27, 2014 – The Winter 2013/2014 issue of FDIC Consumer News discusses how to Be in Charge of Your Credit Cards by providing tips for choosing and using them. Also inside you’ll find articles on: protecting personal information and your money; tips for tax season; test your deposit insurance IQ; and more.
This issue is available on the FDIC’s website at FDIC Consumer News Winter 2013/2014.

Potential Debit Card Phone Scam
United Midwest Savings Bank has learned of a potential phishing scam targeting debit card holders. An automated telephone message is being made to customers stating your debit card has been temporarily disabled or closed. The message then proceeds to request your 16 digit card number, expiration date &/or PIN in order to re-activate the card. THESE CALLS ARE FRAUDULENT. HANG UP AND DO NOT PROVIDE ANY DETAILS. United Midwest Savings Bank will never solicit debit card information by automated message (including phone, text, email, and so on). If you responded to this or a similar message prior to learning of this scam, please promptly notify your local branch or call Customer Service at (800) 686-2052. If you need assistance after regular banking hours, please call (800) 528-2273 to report that your card has been compromised. The representative answering your after-hours call will immediately block the card and advise you to contact your local branch for a replacement card and additional assistance.

Potential Compromised Card Information at Various Merchants
As recent news reports have indicated, Target, Neiman Marcus and Michaels Stores have reported card compromises. As United Midwest Savings Bank learns of compromised cards, we will notify cardholders and promptly replace your card with a new card number. In the meantime, if you have used your card at any of these locations, we ask you to review your account history closely and contact your local branch or Customer Service at (800) 686-2052 for prompt replacement of your card. We also advise cardholders to review their account history on a regular basis using Internet Banking if you have access to this online service. At this time, reports indicate that these compromises may have started around early-to-mid-2013.

The Fall 2013 issue of FDIC Consumer News, titled More About Mortgages, provides information on new rules borrowers should know about and tips for avoiding scams. Inside you’ll also find articles on what to do when you have been turned down for a checking or savings account and other current topics.
This issue is available on the FDIC’s website at FDIC Consumer News Fall 2013.

September, 10, 2013 – The Summer 2013 issue of FDIC Consumer News provides valuable financial tips for seniors including tips to protect your finances, how to steer clear of scam artists, things to consider before borrowing against your home, and more.  It also discusses health savings accounts, help for student loan borrowers, and the comeback of the adjustable rate mortgage.  The issue is available on the FDIC’s website at FDIC Consumer News Summer 2013.

June 1, 2013 – June is National Internet Safety Month. Did you know that 54% of Americans are extremely concerned about the loss of personal or financial information? And that 96% of Americans feel a personal responsibility to be more secure online? The U.S. Department of Homeland Security, the Anti-Phishing Working Group and the National Cyber Security Alliance have developed the Stop.Think.Connect campaign to help make the internet a safer place for everyone. For more information, visit

May 22, 2013 – The Spring 2013 issue of FDIC Consumer News discusses how new technology can dramatically change the way that people manage and save money. This issue features timely topics such as banking in a high-tech world, dealing with debt collectors, finding affordable small loans, knowing your options after a branch closing or bank merger, and taking precautions before buying a bank certificate of deposit from a deposit broker. The issue is available on the FDIC’s website at FDIC Consumer News Spring 2013.

April 25, 2013 – The Consumer Financial Protection Bureau offers a tool to help college students and their families compare financial aid and college costs. If you have received financial aid offers, use this tool to understand how all those numbers impact your payments down the road. Visit the CFPB Paying for College website page for this and other helpful materials.

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