CUNA Mutual Group announced that it is now offering an optional identity theft insurance program for credit union directors, officers and employees as part of its new management and professional liability insurance policy.
When an individual's personal identification is compromised and used the program will cover fees related to notarized affidavits attesting to the fraud, time away from work, certified mail to law enforcement agencies, credit agencies and financial institutions, application fees associated with re-applying for loans and child care or elder care.
"Identity theft is a complex and ever-changing crime," said John Wallace, CUNA Mutual Credit Union Protection product executive. "The unlawful use of personal identifying information drains resources from businesses, government agencies and consumers alike. It can take considerable effort to repair identity theft-related damages, including time and expenses."
In addition to the fee protection, individuals will also receive services from a licensed investigator as part of the program. CUNA Mutual partners with Kroll Fraud Solutions to provide this service.
When an individual's personal identification is compromised and used the program will cover fees related to notarized affidavits attesting to the fraud, time away from work, certified mail to law enforcement agencies, credit agencies and financial institutions, application fees associated with re-applying for loans and child care or elder care.
"Identity theft is a complex and ever-changing crime," said John Wallace, CUNA Mutual Credit Union Protection product executive. "The unlawful use of personal identifying information drains resources from businesses, government agencies and consumers alike. It can take considerable effort to repair identity theft-related damages, including time and expenses."
In addition to the fee protection, individuals will also receive services from a licensed investigator as part of the program. CUNA Mutual partners with Kroll Fraud Solutions to provide this service.
