NIH credit union hit by identity theft scheme

June 29, 2006

By Mary Mosquera, GCN Staff

The National Institutes of Health Federal Credit Union is investigating with law enforcement the identity theft of some of its 41,000 members. The credit union sent out a notice of the identity theft scheme last week.

The credit union is aware of how the data theft was committed but did not provide details.

"Very few members were affected, but we elected to notify the entire membership so they could get a credit report," said CEO Lindsay Alexander.

The credit union provides a Member Security Response program in the event that a member becomes a victim of identity theft, including:

* credit monitoring
* fraud alerts placed on credit bureau files
* a 3-in-1 credit report covering the three major credit bureaus
* systematic notification to credit bureaus, creditors and collectors and government agencies.

"The NIH Federal Credit Union is continuously striving to ensure that every measure is being taken to protect our members' money and information and is implementing additional measures to ensure that this type of unauthorized access does not occur in the future," Alexander said in a statement.

The credit union is a not-for-profit financial cooperative based in Rockville, Md., for NIH employees, their family members and contractors as well as for other area organizations.

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