Every 3 seconds, someone becomes a victim of identity theft. 28,000 victims every day. 10 million victims every year.
What is Identity Theft?
Identity theft happens when your personal information, such as your Social Security number (SSN) or your account number, is stolen and/or used by someone else to commit fraud or theft. The thief can use this information to rent apartments, buy cell phones, drain your bank account or obtain loans and credit cards in your name. In worst-case scenarios, thieves can even hold a job or commit a crime using your identification. According to the Federal Trade Commission (FTC), identity theft affects nearly 400,000 people in the US each year. A person whose identity has been stolen can spend months or years and thousands of dollars to restore their good name on credit record. It takes consumers an average of two years to restore their identity after becoming a victim of id theft. It is 40 times more likely to have your identity stolen than to be a victim of a robbery and it is harder to see before the damage is done.
To protect our members, University Credit Union will never send unsolicited E-mail or telephone calls asking for confidential information such as:
- Account numbers
- Debit or Credit Card Numbers
- Driver's License, Florida ID, Passport Number
- Social Security Number
Do not give this information to anyone unless you have initiated contact and know the entity you are dealing with.
Learn More about Identity Theft
To learn more about the growing problem of identity theft, and to learn how to protect yourself against its devastating effects, click here.
Checking Account Benefits:
Identity Theft Recovery and Detection Services
Remember – as a checking account holder with University Credit Union, you have access to Fully Managed Identity Recovery Services for you and up to three generations of family! If you or your family member suspects identity theft, or your personal information becomes compromised as a result of a lost purse or wallet, a break-in, lost laptop or data breach, or other event, we can help. Simply contact Colonial Virginia Bank, and a representative will verify your information and securely submit your case to a Personal Recovery Advocate, who will contact you directly by phone. This trained and certified Recovery Advocate will place fraud alerts at the three major credit bureaus for you; help you access services to watch for signs of identity theft; and access your credit reports and conduct a threat assessment to determine if any identity theft has occurred. If you are victimized by identity theft, your Advocate will work on your behalf to restore your identity.
Your Advocate will:
- Provide you with access to credit reports from all three bureaus and review the reports with you to identify fraudulent activity.
- Work with you to place fraud alerts with the three major credit bureaus.
- Assist you in completing an Identity Theft Affidavit and Declaration of Fraud to establish your rights as a victim.
- Activate credit monitoring during your recovery to help you watch for additional signs of abuse.
- Contact the Social Security Administration, U.S. Postal Service, Department of Motor Vehicles, etc., as applicable, to address any misuse of official documentation of your identity.
- Research and document all fraudulent transactions and false accounts or contracts signed with creditors, banks, utility companies, leasing agents, medical facilities, etc.
- Follow up to make sure all wrongful activity is reversed and removed from your records.
- Work with local and federal law enforcement to try to stop the criminal or criminals who are using your identity.
- Activate other members of the recovery team to assist when necessary, including professional investigators and legal advisors.
- Provide 12 months of follow-up after your recovery is complete – to be sure you stay recovered!
Have You Been Submitted for Recovery Services?
If you have been submitted for identity recovery services, you may check on the status of your case by clicking here!