ohio credit union foundation $5,000 scholarship opportunity
The Ohio Credit Union Foundation believes in lifting up student members who are moving on to higher education through its annual video scholarship. Students can submit a short video for the chance to win $5,000 towards college. Applications are being accepted from through Monday, April 30, 2018.
To qualify for the video scholarship, student applicants must:
- be at least a high school senior
- be a member of an Ohio-based credit union; and
- plan to pursue an undergraduate degree during the 2018-2019 school year.
Applicants must: Create a 1 to 2½-minute video answering the scholarship question: “If you ran your credit union, what initiatives/programs/products would you implement to foster the philosophy of “People Helping People?” Video entries can be edgy, funny, bold, simple, serious – or anything in between. Entries will be judged on accuracy of information presented, effectiveness in addressing the scholarship question, and originality. Video entries must be submitted online via the Foundation’s website, www.OhioCreditUnionFoundation.org, by 11:59:59 p.m. EDT Monday, April 30. Video finalists, selected by a judging panel, will appear on the website and the scholarship winner will be announced May 31.
As a proud supporter of credit union financial education and outreach initiatives that provide individuals, families, and communities with the means to achieve financial stability, the Foundation is pleased to offer this unique scholarship opportunity.
Important Information regarding the Equifax Data Breach
As you may have seen on the news, it has been announced that there was a data breach of the large credit reporting agency Equifax. Equifax is one of the three large credit reporting agencies in the United States. If you have ever applied for a loan or credit card, there is a strong chance that personal information is on file with Equifax. In fact, initial reports suggest that half the U.S. population could potentially have had information breached.
The information accessed primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. Criminals also accessed credit card numbers for approximately 209,000 U.S. consumers, and certain dispute documents with personal identifying information for approximately 182,000 U.S. consumers.
Equifax has established a dedicated website, www.equifaxsecurity2017.com, to help consumers determine if their information has been potentially impacted and to sign up for credit file monitoring and identity theft protection. They are indicating that you can use that site to determine if you might have been affected. In addition, they are offering an identity theft monitoring service called TrustedID Premier free for one year, this service includes 3-Bureau credit monitoring of Equifax, Experian and TransUnion credit reports; copies of Equifax credit reports; the ability to lock and unlock Equifax credit reports; identity theft insurance; and Internet scanning for Social Security numbers – all complimentary to U.S. consumers for one year. The website also provides additional information on steps consumers can take to protect their personal information. Equifax recommends that consumers with additional questions visit www.equifaxsecurity2017.com or contact a dedicated call center at 866-447-7559, which the company set up to assist consumers. The call center is open every day (including weekends) from 7:00 a.m. – 1:00 a.m. Eastern Time.
We encourage our members to continue to be vigilant with all personal information. Monitor all financial accounts regularly by reviewing account statements monthly or by viewing accounts online on a more frequent basis. If you ever suspect anything unusual on your accounts, contact us at (330)792-4000 as soon as possible.
We also recommend that you access your three free credit reports each year by going to www.annualcreditreport.com or by calling 877-322-8228. It is recommended you spread the three reports out over the course of the year so you can look at your credit picture regularly.
Debit card fraud impacts all of our members, primarily because the credit union has to absorb the losses incurred, which, in turn, affects what we pay our members in interest on deposits and charge on loan rates and fees. Additionally, it creates inconveniences for you, our member-owner.
Card fraud occurs through many channels, including online scams, data breaches and card or mail theft. You can help keep your card numbers safe by sharing them with no one, and alerting us immediately if you notice anything suspicious. If your card number appears on a list of compromised cards during a data breach, we will contact you. It is always important to have your current contact information on record with us, including your cell phone number and email address. That way if we uncover any scams affecting your accounts, we can easily alert you and take proper action.
Card fraud has become a regular story in the news lately, and unfortunately it doesn't seem to be on the decline. Many popular retailers have become victim to hackers who break into their computer systems and steal payment information from shoppers. Recent investigations indicate that stolen customer information often includes names, mailing addresses, phone numbers and e-mail addresses. Although we cannot stop these hackers from targeting retailers, we will continue to monitor your accounts daily for unusual activity and notify you if we notice anything suspicious. In effort to try and combat fraudulent activity, we may from time to time limit certain types of transactions, including those in foreign countries. With your help, we can better control card losses and provide better value to our member-owners.
When you choose Associated School Employees Credit Union to finance your auto or home loan, you are keeping your money local and in your community. We are proud to support our local communities in Mahoning, Trumbull and Columbiana counties. With the support of our members, we contributed more than $5,200 in 2016 to local community organizations and schools. When you finance your loans with ASECU, know that you are helping people in all of the great communities and schools that we serve.
Buying local is only half the equation. Finance local. Support ASECU - your local financial institution.
- Inspect the ATM, gas pump, or credit card reader before using it. Be suspicious if you see anything loose, crooked, or damaged, or if you notice scratches or adhesive/tape residue.
- When entering your PIN, block the keypad with your other hand to prevent possible hidden cameras from recording your number.
- If possible, use an ATM at an inside location (less access for criminals to install skimmers).
- Be careful of ATMs in tourist areas, they are a popular target of skimmers.
- If your card isn't returned after the transaction or after hitting "cancel," immediately contact the financial institution that issued the card.
How Skimming Works
Skimming is an illegal activity that involves the installation of a device on the ATM. The devices planted on ATMs are usually undetectable by users-the makers of this equipment have become very adept at creating them, often from plastic or plaster, so that they blend right into the ATM's facade. The specific device used is often a realistic-looking card reader placed over the factory-installed card reader. Consumers insert their ATM card into the phony reader, and their account info is swiped and stored on a small attached laptop or cell phone or sent wirelessly to the criminals waiting nearby.
In addition, skimming typically involves the use of a hidden camera, installed on or near an ATM, to record customers' entry of their PINs into the ATM's keypad. We have also seen instances where, instead of a hidden camera, criminals attach a phony keypad on top of the real keypad which records every keystroke as customers punch in their PINs.
Skimming devices are installed for short periods of time-usually just a few hours-so they're often attached to an ATM by nothing more than double-sided tape. They are then removed by the criminals, who download the stolen account information and encode it onto blank cards. The cards are used to make withdrawals from victims' accounts at other ATMs.
One last note: ATMs aren't the only target of skimmers-we've also seen it at gas pumps and other point-of-sale locations where customers swipe their cards and enter their PIN. (See sidebar for tips on how to avoid being victimized by skimming.)
If you believe your card has been skimmed or if you see anything suspicious on an ATM, please contact us at (330)792-4000.
- May 28th, 2018: Memorial Day - CLOSED
- July 4th, 2018: Independence Day - CLOSED
- September 3rd, 2018: Labor Day - CLOSED
- October 8th, 2018: Columbus Day - CLOSED
- November 12th, 2018: Veterans Day Observed - CLOSED
- November 22nd, 2018: Thanksgiving Day - CLOSED
- December 24th, 2018: Christmas Eve - OPEN until noon
- December 25th, 2018: Christmas Day - CLOSED