What is Identity Theft and why do I need IDProtect?
Identity theft is a crime in which an impostor gains access to another’s personal information, such as Social Security or credit card numbers, or medical insurance information and uses them for personal gain. Identity theft might be the result of a lost or stolen purse, stolen mail, documents taken from your trash, a data breach, computer virus or a telephone scam.
Will YOU become a victim?
At your local Credit Union, we take protecting your identity and privacy with utmost seriousness. Despite all precautions both individuals and financial institutions take to protect their identity more than 11.6 million Americans were victims of identity fraud in 2011 an increase of 13 percent over 2010.
As your trusted financial partner, your IDProtect is your identity protection is high a priority. We already have procedures in place to detect warning signs of identity theft, such as monitoring for unusual account activity.
We will always take immediate action and the appropriate steps to protect against and mitigate potential identity theft events. And now we’re doing even more by providing our members with even more identity theft protection.
For a $2 per month security fee, members will have access to the following benefits and services:
- Credit Monitoring – daily credit file monitoring and automated alerts of key changes to your Experian, Equifax and TransUnion credit reports
- Total Identity Monitoring – continuous monitoring of over 1,000 databases including credit, Social Security, public records, real property records, telephone and many others
- 3-in-1 Credit Report
- Credit Score
- Debit and credit card registration
- Access to a dedicated consumer fraud specialist, assigned specifically to your case, who will work with you until your credit and identity are completely restored.
- Identity theft recovery case plan to inform you of the recovery process
- Online identity theft news center with valuable phone and web resources
You will also receive up to $10,000 identity fraud expense reimbursement coverage for expenses associated with restoring your identity, such as reimbursement for costs associated with attorney fees, loan application fees, long distance calls, certified mail and notarized fraud documents, fees for investigating medical-related identity fraud, reasonable costs for travel and accommodations related to resolving an identity fraud incident, expenses associated with the replacement of government-issued personal identification documentation, as well as coverage for wages lost for time taken off work to correct personal records.
Insurance product is not a deposit; not NCUA insured; not an obligation of credit union; and not guaranteed by credit union or any affiliated entity.