How Credit Unions Keep Client Information Safe


Financial executives know the importance of security for their own data, but what about their members? Discover how credit unions keep client information safe.

Credit unions handle people’s most valuable personal information. Members put their trust in these entities because of the added benefits that aren’t available through regular banks. Because of this, these financial institutions need to make security a top priority. Discover how credit unions keep client information safe to improve your own protection policies.


Trusted credit unions use firewalls to protect customer data. These security systems only allow authorized personnel access to their networks. In addition, professionals stay one step ahead of cybercriminals by monitoring activity logs and restricting the sharing of certain information like social security numbers and passwords. This way, clients can rest easy knowing that only approved individuals can access their records.

Data Encryption

Another way that credit unions keep client information safe is through data encryption. Certain encryption tools and software make it possible for financial bodies to further secure data against cyber attacks. Credit unions make it almost impossible for outside sources to unscramble information by transforming it into a specific code. Only permitted staff have the knowledge necessary to decipher encryptions, providing further protection.

Personal Security Education

Many financial institutions also share personal security tips with their clients. Through emails, newsletters and other forms of verbal and written communication, credit unions educate their members about measures they can take to safeguard their own information. Teaching people about things like identifying secure websites and the importance of password protection lowers their chances of falling victim to fraud or identity theft.

Physical Documentation

Most industries, including banking, store everything online or in a cloud in our technological age. However, when it comes to data security, physical document storage isn’t obsolete.  While it may seem outdated, paper files aren’t vulnerable to cyber attacks since criminals can’t access them via the Internet. Credit unions looking to strengthen their security should consider a joint data storage system that includes physical documentation.

While technological advancements have certainly added value to the world of banking, they have also created risks to which credit unions need to have solutions. By prioritizing security, clients can confidently trust that their financial institutions are doing everything possible to keep their information, money and assets protected.

This content is for CU BUSINESS eMagazine , Special Deal: 2 websites , and NEW! The Leadership Team Builder Group Subscription members only.
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