Teach Members to Protect Themselves from Fraud
In an August 2019 article sponsored by COOP Financial Services, it is reported that due to millions of compromised accounts, consumers may want to consider “credit freezing” their credit records to protect their identity.
This article goes on to describe how a credit freeze is performed and the pros and cons of such. This article has good information for helping credit unions inform their members how to protect their identity. It is important for credit unions to have policies and procedures in place to assure members’ identity is protected.
TCT Risk Solutions provides client credit unions many services, including Regulatory-Compliance and Policy Creation to help them assure their services meet objectives and are complaint with regulations.