Take the Next Step In Identity Theft Protection with a Premium* Checking Account
The Federal Trade Commission estimates that as many as 9 million identities are stolen each year. Open a Premium* Checking Account, complete with Identity Theft Protection, and arm yourself against America's fastest growing and most lucrative crime.
Premium Checking features a unique “all-in-one” identity theft protection program designed to Monitor, Detect and Restore.
Premium Checking provides you with access to real-time credit monitoring with daily alerts to keep you informed of credit activity 24/7. If ever your records are breached, you will receive FREE Identity Theft Restoration (ITR) services, including one-on-one “personal advocacy,” for as long as it takes to clear your good name. Plus, Premium Checking ITR services extend to cover up to three generations of your immediate family members at no additional cost!
Apply for a Premium Checking Account Today
Opening a Premium Checking Account, complete with Identity Theft and Data Breach Protection, is quick and easy.
Open one now with our online application, or call 844-COP-SAVE (844-267-7283) to speak to a representative!
Credit Union Interest Rates
Check out our spectacular rates!
Premium Checking Features For Primary Account-Holder:
- Fully Managed Identity Theft Recovery (for up to 3 generations of family members)
- Identity Theft Expense Reimbursement Insurance
- Entitlement To Credit Monitoring with Daily Alerts
- Entitlement To Monthly Credit Score, Graphically Tracked
- Entitlement To Annual Credit Report
In Addition to the Identity Theft Protection Entitlements, Premium Checking Also Offers:
- Online Banking
- Online Bill Payer
- Electronic and Paper Statements
- Waived Teller Check, Certified Check, and Replacement Card Fees
- Visa Debit Card
- And More!
Did you know that you can send your direct deposit directly to the Credit Union? Contact the Credit Union for a Direct Deposit form!
Mobile Deposit allows you to “deposit” checks electronically from your mobile device for virtual credit to your account. Paper checks are digitally scanned, and an image of the check is electronically transmitted to the Credit Union.
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*$4.00 Monthly Fee Applies.
Frequently Asked Questions
Yes! You can set up a monthly transfer from your savings or checking account by filling out our Transfer Authorization Form.
The First Step in Identity Theft Protection
“If we don’t act now to safeguard our privacy, we could all become victims of identity theft.”
– Clarence William Nelson II, U.S. Senator, Chairman of the Senate Aging Committee
Understanding Data Breaches and Identity Theft
If you’ve never been a victim of an information security breach, or had your credit card data compromised, or even paid much attention to the importance of securing and protecting your personal information, chances are you may now have a different perspective on identity theft protection. You and your family are at risk of suffering a severe and significant impact on your daily lives when your personal information gets into the hands of criminals who have no regard for your credibility, your good name, or the work that you have put into building your reputation.
To make matters worse, as a victim of identity theft, you are guilty until you can prove your innocence. Think about that statement. As a victim of this crime, you must prove that you were not the perpetrator of the crime before you are absolved of responsibility!
This is serious stuff and, at this point, identity theft it has already negatively impacted you either directly or indirectly. As a consumer, you now have less convenience, fewer choices, and higher costs of services. I wish I could tell you that I have an answer that will keep your information safe no matter what and protect you and your family from the grief and damage that a future information security breach will cause you. I cannot.
Cybercrime is a crime of opportunity. Unfortunately, the bad guys will always have the advantage over the rest of us because they have a singular focus (stealing our information), while we are busy working on our careers, raising our families, and trying to make a positive contribution to our communities.
Identity Theft Protection Takes Effort
There are some things that you can do, however, to make it a little more difficult for the bad guys to achieve their objective. You may have heard one or two of the following suggestions before, but they are good recommendations and worth repeating.
Here are my top five:
1. Freeze Your Credit
Freeze. Freeze your credit right now. Don’t simply hire a monitoring service. Don’t just place a fraud alert on your record. Freeze it. There are three credit bureaus in the United States that collect all of your information and, amongst other things, rate you on your creditworthiness. If you apply for or currently carry any form of standard credit (i.e., mortgage, auto loan, credit card, etc.), that information is recorded at these bureaus along with personal information such as your social security number, your birth date, your address, etc.
By freezing your credit at each of these bureaus, you will prevent anyone from opening credit in your name under false pretenses. Freezing your credit does not impact any of your current relationships with your credit union, bank, or credit card company.
When you freeze your credit, you will obtain a PIN number that you can use if you ever need to unfreeze your credit (the only time that you would need to do so would be if you were applying for a new loan.) It only takes a few minutes to either freeze or unfreeze your credit, but it has a lifetime of benefits as it effectively shuts down identity thieves from posing as you to create accounts and liabilities in your name for their own illicit purposes.
The three credit bureaus are:
2. Don’t Store Personal Information Online
Don’t store your credit card information or any other personal information on any website that you visit or shop through. I know that it can be a pain in the neck to remember passwords and type in your credit card number when you want to purchase something online, but the more places you store your personal information, the less protected you are from identity theft. the more opportunities there are for thieves to steal it. Every site gives you an option that allows that site to store or remember your information. Please decline it.
3. Control Your Online Credit Card Use
Select one card for your online purchases and consistently use that one card when you shop online. Not all data breaches occur online or through websites, but an awful lot of them do. By limiting the information that you make available over the internet, you will also be limiting your chance of becoming a victim of identity theft. suffering a breach. Plus, if the credit card used for your online purchases is ever breached, you will only need to temporarily close that one card rather than deactivating multiple cards.
4. Mix It Up and Use Cash
Be a little more selective when you use your cards, especially your debit card. Instead of using a credit or debit card for every single purchase you make at every store or restaurant you go to, think about paying cash for at least your smaller transactions. Every swipe of the card creates a transaction that travels through several electronic portals and outlets (retailers, payment processors, card issuers, banks, etc.). So, every time you use your card, you create multiple new opportunities for thieves to find and steal your information. Limit the transactions and you will also limit those opportunities.
Back to the debit card. If you claim that there is a fraudulent charge on your credit card and you catch it early enough, that charge can often be removed from your bill before you must pay for it, but that is not true with a debit card. If your debit card is subject to fraud, your actual funds begin to go missing before you know that you are a victim. I don’t know about you, but if I were given the choice, I would much rather discover a fraudulent charge on my credit card and go through the process of getting it removed than I would to discover a fraud that was created through the use of my debit card number and then try to get my money back.
5. Review Your Statements
Lastly, and this is the most important step of them all, take an active role in the management of your accounts. The best way to do that is extremely simple. Review your statements. When you do, check your balances. Keep track of Scan your transactions - are there any you don’t recognize? Check to see if they are fraudulent! Ensure the validity of the information that you are reviewing.
I am utterly amazed at the number of people who do not review their statements. Those statements are provided for a very important reason and that reason is to give you access to information that is, or at least should be, vitally important to you. If someone has gained access to your accounts, your statement may be the way you find out you have been a victim of identity theft or fraudulent transactions. How much money do you have? How much money do you owe? When is your bill due?
It is not acceptable to put the management of your personal finances on auto pilot, auto pay, or auto deduct, especially in the age of the information super highway. when anything and everything that you ever wanted to know is within seconds of your brain. You want to avail yourself of the financial conveniences of online banking and electronic bill pay? Great, but you still need to review all of that information for accuracy and remain alert for anything that is out of place or unexpected.
Advocate for Personal Information Privacy
No one will ever be a greater advocate for you than you! Oh, and while you are advocating, please advocate for stricter guidelines and tougher laws that will require the businesses that have access to our personal information treat it with the responsibility and care it deserves.
National Police Credit Union Contact:
For more information on National Police Credit Union, please visit our website or call 844.COP.SAVE.
To join National Police Credit Union, or if you have immediate family members who are interested in becoming members, please use our application.To learn more about how you can aggressively protect you and your family from data breaches and identity theft, check out National Police Credit Union’s powerful new tool: Premium Checking.
This article was written by Scott Arney, CEO, Chicago Patrolmen’s Federal Credit Union. This article is part of Scott Arney's educational series, entitled The Serial Decision Maker.