WASHINGTON — NAFCU is providing statement inserts so that credit unions can help inform their members about the availability of free credit reports and the dangers of identify theft–described by some as one of the fastest growing crimes in America.
A recent study indicates that many are unaware that they can help monitor the problem with a free check of their credit reports. Fewer than half of high school seniors surveyed know that the three nationwide consumer credit reporting companies are required to provide consumers with a free copy of their credit report, the Jump$tart Coalition for Personal Financial Literacy discovered in the survey.
Only 47.7% of the high school students knew they can check their credit report for free once a year. College students did better–nearly three quarters of them knew about the free credit report–but overall, the research seems to indicate a lack of knowledge in this area, the coalition concluded.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
