Newsroom

The Village Bank will award college scholarships totaling $50K to Class of 2019 students

Joseph A. De Vito, president and CEO of The Village Bank, announced today that the Bank’s Auburndale Community Charitable Foundation is now accepting college scholarship applications from local high school seniors.

Seventeen scholarships totaling $50,000 will be awarded to college-bound students of the Class of 2019. The scholarships can be applied toward tuition, room and board, or supplies at an accredited college or university. The application deadline is March 29, 2019.

The Foundation will award two $10,000 scholarships and fifteen $2,000 scholarships. The $10,000 scholarships require that, in addition to academic achievement, the recipient must have been actively involved in community and/or charitable causes, in a leadership capacity. Eligible applicants who are Newton or Wayland residents will be considered in both award categories. Eligible applicants who do not reside in Newton or Wayland will be considered for the $2,000 awards.

“The $10,000 scholarships will recognize students who not only excel, but who also share The Village Bank’s strong commitment to supporting the community and initiatives that directly benefit our friends and neighbors,” said De Vito.

Complete rules, requirements, and application forms are available at local high schools and at The Village Bank’s branches in Auburndale, Newtonville, Nonantum, Newton Highlands, Waban, West Newton and Wayland.

The Auburndale Community Charitable Foundation’s investment in education since the program began in 1998 will total $802,000 with this year’s awards, according to De Vito. The scholarships are funded in part by the Golf Classic held by The Village Bank each fall.

Security Articles & Alerts

College test prep scams are happening

Source: Federal Trade Commission: Consumer Information

Recently, we heard about scams targeting parents of high school students preparing for college. The scammers claim to be from The College Board – the organization responsible for the PSAT and SAT tests. They call or email you, asking for credit card numbers so they can send PSAT prep materials that the student has supposedly requested. Often the scammers have the student’s name, address and phone number – making them seem more believable. Except your student didn’t ask for materials, and it’s not this group calling.

Here are some tips to avoid a test prep scam.

  • The College Board will never ask you to give credit card, bank account or password information over the phone or via email.
  • Make sure the company offering test prep materials is legitimate. How? Before you give up your money or personal information, research the company online. Search for their name plus the word “scam” or “complaint.” See about other people’s experiences. And talk to someone you trust, like another parent or your child’s school counselor, before you pay.
  • Consider how you pay. Credit cards have significant fraud protection built in – meaning that, if you find out you paid a scammer, you may be able to get your money back if you report it quickly. And if anyone asks you to pay by wiring money or by using a reloadable card or gift card, it’s a scam.

Spotted a scam? Whether you lost money or not, let us know at ftc.gov/complaint.

Security Articles & Alerts

Spread the word about charity fraud

Source: Federal Trade Commission: Consumer Information

This week, the FTC, the National Association of State Charities Officials (NASCO), and state charity regulators are joining forces with regulators from across the world to participate in the first International Charity Fraud Awareness Week.

Make your donations count

It’s extremely important to raise awareness about charity scams to help ensure that donors’ hard-earned money goes to the worthy causes they seek to support, not to fraudsters. Would you help us spread the word? Here are a few things you can do this week:

•    Share this video with your friends and family.
•    Follow us at Facebook.com/FederalTradeCommission and on Twitter at #CharityFraudOut to get tips about donating wisely and avoiding charity scams. This week, we’ll be sharing tips on donating after natural disasters, handling telemarketing calls, privacy, online giving, and wise giving.

And here are a few tips to avoid donating to a sham charity:

•    Look up the organization online and read what others are saying about it. Search the charity’s name with the terms “scam” or “complaint.”
•    Check out the charity’s ratings with groups like the Wise Giving Alliance, Charity Navigator, Charity Watch and Guide Star. Find out how at FTC.gov/Charity.
•    Verify that the organization is registered with your state charity regulator. Most states require charities or their fundraisers to register before they can ask for donations.

Security Articles & Alerts

Cybersecurity Resources for Non-Profits

Source: Federal Trade Commission: Consumer Information

Do you work for a charity or other non-profit? If so, you know that your organization collects all sorts of private information, including details about people you serve and financial information related to donors. Your own personal information, too, is probably in your organization’s employee records. Cyber criminals would love to get their hands on that data. You can help protect your organization using the information at FTC.gov/Cybersecurity.

At FTC.gov/Cybersecurity you’ll find resources on 12 different topics including cyber scams like ransomware and phishing, key considerations like physical security and vendor security, and more technical guidance on things like email authentication. The guidance in these new materials is based on the FTC’s expertise in the area of data security, privacy protection, and scam prevention. The materials are designed for small businesses, but the same tips and information apply to charities and other non-profits.  If you collect information about people, you need to protect it.

Imagine if your donors’ credit cards are exposed because of a phishing scheme, or if your network gets blocked by a ransomware attack. That can be devastating — not just for the organization and employees like you, but also for the communities that rely on your services. To help protect your organization’s network and data, make cybersecurity part of your business routine.

You can start with these basic cybersecurity tips:
•    Use security software and set it to update automatically
•    Back up important files offline, on an external drive or in the cloud
•    Encourage your organization to have policies covering basic cybersecurity and to train employees on those policies
•    Visit FTC.gov/Cybersecurity and share the fact sheet, quizzes and videos with your colleagues.

Newsroom

Text Message to Debit Card Customers

Fraud Alert Activation Text

Throughout this week, our Debit Card customers may receive a text message welcoming you to our new Debit Card Fraud Alerts system.

As part of our ongoing efforts to protect you from fraud, we’re pleased to offer new card fraud text alerts to notify you about possible fraudulent card activity.

Once you reply, you’ll be automatically enrolled.

We also have the ability to manually enroll any phone number to receive messages, so if you haven’t shared your cellphone number with us, you can call us at (617) 969-4300 to enroll.

Here’s a sample of the text message you will receive.

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