debit card security

We've all heard horror stories about fraud that is committed by stealing a name, address, Social Security number, credit cards, etc. Within a week of stealing a wallet, thieves could order an expensive monthly cell phone package, apply for a credit card, have a credit line approved to buy a computer, apply for and receive a PIN number from DMV to change your driving record information online, and more.

Here is some critical information to limit the damage in case your wallet is lost or stolen:

1. Cancel your credit cards immediately. But the key is having the toll free numbers and your card numbers handy so you know whom to call. The accompanying spreadsheet may assist in organizing your information.

2. File a police report immediately in the jurisdiction where it was stolen, this proves to credit providers you were diligent, and is a first step toward an investigation.

But here is what is perhaps most important:

3. Call the three national credit reporting organizations immediately to place a fraud alert on your name and Social Security number (numbers below). The alert means any company that checks your credit knows your information was stolen and they have to contact you by phone to authorize new credit.

The numbers are:
Equifax: 1-800-525-6285
Experian (formerly TRW): 1-888-397-3742
Trans Union: 1-800-680-7289
Social Security Administration (fraud line): 1-800-269-0271

Some additional personal financing suggestions are as follows:

1. The next time you order checks, have only your initials and last name put on them. That way, if someone steals your check book they will not know if you sign your checks with just your initials or your first name but your bank will know how you sign your checks.

2. When you are writing checks to pay credit cards, DO NOT put the complete account number on the "For" or "Memo" line. Instead, just put the last four numbers. The credit card company knows the rest of the number but anyone who might be handling your check as it passes through all the check processing channels will not.

3. Put your work phone # on your checks instead of your home phone.

4. If you have a P.O. Box, use that instead of your home address.

5. Never have your Social Security number printed on your checks; you can add it if it is
necessary. But if you have it pre-printed, anyone can get it.

6. Photocopy the contents of your wallet, copy both sides of each license, credit card, etc. That way, you will know what you had in your wallet and have all of the account numbers and phone numbers to call and cancel. Keep the photocopy in a safe place.

If there are any questions or comments, please contact the Credit Union office.


NEFCU services

Your NEFCU offers members a wide range of financial services.

Direct Deposit and Payroll Deduction
Christmas Club Savings Accounts
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VISA Gift Cards
24 hour - 7 day Telephone Account Access
Many Loans to Meet Your Financial Needs
Debit Cards
Deposit Box in the Security Center
Toll Free Number 1-866-339-5099