Press
LEVERAGE to offer Member Security Center to credit unions
BIRMINGHAM, AL/TALLAHASSEE, FL (July 15, 2014) — LEVERAGE, an affiliate of the League of Southeastern Credit Unions and Affiliates, introduces identity theft coverage through Member Security Center, allowing credit unions to provide a cost-effective added level of security to their members.
Last year marked the fourteenth consecutive year that identity theft was the top consumer complaint. In 2013 alone, 13.1 million Americans were victims of identity theft, causing them countless hours and incalculable stress straightening out their lives following an incident. Particularly hard hit were the top five states for ID theft: Florida, Georgia, California, Michigan, and Nevada.
“With more consumers doing their financial transactions and buying online, identity theft is a major concern for credit unions,” said LEVERAGE President/CEO Patrick La Pine. “The Member Security Center is a great way for credit unions to strengthen their relationship with their members, as well as offer them peace of mind while conducting their business online.”
Member Security Center offers credit union members a proactive approach to identity theft prevention. The service monitors if the member’s information has been exposed before a data breach occurs. Prevention of a breach is a win-win for credit unions and their members; saving the credit union cost associated with the breach and protecting credit union members from the difficulties following an incident of identity theft.
Member Security Center coverage offers members three tiers of service: Basic, Gold, and Platinum. Basic coverage offers members 24/7 ID Cyber Watch monitoring including, social security number, financial institution accounts, debit/credit cards, drivers’ license, email addresses, medical IDs, passport, and phone numbers for only $1.95 per month. Gold coverage provides members with fraud monitoring through monthly Transunion credit reports and a free annual report of public records, social security numbers, bank accounts, internet security, address changes, and credit card numbers for only $3.95 per month. Platinum coverage provides members with fraud monitoring through monthly reports from all three major credit bureaus of the same information as Gold coverage, as well as score tracking and child protection, for only $12.95 per month.
With the addition of Member Security Center, credit unions of all sizes will be able to partner with LEVERAGE to increase their non-interest income and offer a premier service to their members. La Pine explained, “This product is a solution for all credit unions, regardless of size, to increase their non-interest income as well as offer members a much needed and valuable service.”
You can learn more at www.myleverage.com/MSC.
LEVERAGE, the Service Corporation for the League of Southeastern Credit Unions, is the business services provider that leverages credit union system resources, relationships, and industry knowledge for optimal performance and sustained growth of its clients and business partners. We work to offer credit unions best-in-class products and services that result in reducing costs, maximizing results, and making the most difference. For more information, visit myleverage.com or follow LEVERAGE on Twitter at www.twitter.com/MY_LEVERAGE or LinkedIn.