Minnesota Credit Unions Get Thousands of Inquiries After Target Breach
Since the Target data breach story broke Thursday, Minnesota credit unions have been fielding thousands of member phone calls, emails and in-person contacts, the Minnesota Credit Union Network in St. Paul reported Friday.
The league said the state’s credit unions are proactively working with their members to help address their concerns about data privacy resulting from the recent Target data breach that could potentially impact 40 million customers who made credit or debit purchases from Nov. 27 to Dec. 15.
According to the MnCUN Here are a few examples of what credit unions are doing to help their members:
- The $46 million Star Choice Credit Union in Bloomington is working with its card vendor and Target to determine next steps and implement strategies to mitigate fraud for any compromised member cards. Star Choice will continue to share information with members and is encouraging them to review their account transactions closely on an ongoing basis.
- The $599 million SPIRE Federal Credit Union in Falcon Heights has advised members to monitor credit and debit card accounts daily. Members are encouraged to contact SPIRE immediately so steps can be taken to restore funds to affected accounts. The credit union also is reviewing accounts for suspicious activity and issuing new cards as needed.
- The $135 million First Alliance Credit Union in Rochester is contacting each of its members on the list of card holders impacted by the data breach to let them know what the credit union is going to do and to reassure them about what's going to happen with their cards. Members may also close their cards as a precaution if they choose.
“Member privacy and protection are extremely important to Minnesota credit unions,” said Mark D. Cummins, MnCUN president/CEO. “Minnesotans can continue to count on credit unions as their trusted financial partner as the impact of the data breach continues to unfold.”
Target Corp. is based in Minneapolis.