Take a Stand for Credit Unions
By joining Catholic Federal Credit Union, you made the smart choice to protect your financial future. Our not-for-profit financial cooperative—owned by members like you—is tax exempt because we keep the focus on our members. All "profits" generated go back to our members as higher savings rates, lower loan rates, and stronger capital reserves.
Did you know that merchants aren't subject to the same federal data protection standards as financial institutions like CFCU? Since they're not accountable, some merchants may fail to invest sufficiently in data security measures resulting in vulnerability to hackers who can gain access to credit card numbers, debit card PINs, or other sensitive data. Help us advocate for more common sense data protection laws.
- In 2014 alone, over 500 data breaches occurred putting over 75 million data records at risk.
- When a breach occurs, not only is CFCU prohibited from telling members where the breach occurred, but we are also liable for the fraud associated with the lost data and replacing those debit and credit cards.
- Merchants need to be held accountable to the same strict data protection standards that we are as a financial institution.
- Learn more and contact your legislators by visiting stopthedatabreaches.com
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