Protecting our members from potential losses as a result of financial crime is very important to Naheola Credit Union. We communicate and work with several different agencies on an ongoing basis to protect our members from financial fraud. But, despite our best efforts to prevent fraud, it does occur. Additionally, we have increased and upgraded our fraud detection network through our data processor. Please be mindful of internet transactions and giving your debit card information over the phone to vendors. Data breaches are occurring more frequently which has led to most if not all of the fraudulent transactions that have occurred not only at Naheola Credit Union but most every other financial institution as well.
If you would like to assist in stopping these occurrences, please notify your congressional representatives to Stop the Data Breaches! The Credit Union industry and other Financial institutions have been communicating our efforts to them for quite a while. The merchants have very little liability for a data breach. Contritely, most of the fraud occurs from intrusions on their databases and networks. If they shared more of the liability, maybe they would spruce up their security as all of the financial institutions have already done.
Please check your account daily and review your transactions. Contact Naheola Credit Union immediately if there are transactions you have not authorized. We pride ourselves on helping our members resolve these issues.