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About This Document: Different credit unions (CU) are finding different types of members are signing up for a common kind of product -- one that helps protect them from identity theft, and mitigate what happens should they be targeted by fraudsters. The CUs are offering a variety of products based on their desires to minimize cost, maximize coverage or making it easy to sign up. Members of Partners 1st Federal Credit Union were asking for the service, says VP/Marketing Cindy Emmerich, CME. They surveyed their staff to determine if identity theft protection coverage should complement an existing product, be offered as a stand-alone product for purchase, or be offered as a blanket coverage to everyone. But perhaps most important, says John Harwell, AVP/risk management, is the plan's recovery aspect. Fee income was one of the things executives at Fort Knox Federal Credit Union were thinking about when they considered different identity theft mitigation providers.

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3; Posted:
07/11/11

Categories: DocStore > Periodicals > Business & Economics
Tags: Credit Union Management, Jul 2011, ID Theft Prevention, Storey, Charlene Komar, Feature, Credit unions, Identity theft, Risk management, Member services, 8120, Retail banking services, 9190, United States, United States--US

ID Theft Prevention

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General Management

ID Theft Prevention

Members are interested in signing up for CU programs for

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