Press
California And Nevada Credit Union Leagues, Vero announce partnership to provide idenity theft solutions for credit unions
(May 28, 2015) — The California and Nevada Credit Union Leagues recently signed a strategic partnership agreement with Vero, a leading provider of identity theft and data breach protection and recovery services to the credit union industry.
The partnership provides California and Nevada credit unions with a resource to protect their institution from data breach events, as well as provide an identity theft solution with restoration services for their staff and board of directors at no cost.
In addition, the monthly costs for credit unions to deal with data breach events and provide identity theft solutions to members will be minimized with a maximum value proposition to enhance member loyalty. The Leagues’ staff also will be able to use the organization’s IDProSelect, which helps recover credit union members from any form of identity theft or fraud events, including medical, financial, tax, credit card, and Social Security fraud.
“We are committed to assisting California and Nevada credit unions and their members combat the growing threats of data breaches and identity fraud”, said Tonja Wheatley, Leagues’ vice president of credit union solutions and membership. “Vero’s expertise with its identity recovery services as well as its focus on credit union industry solutions makes the company a great fit with our member credit unions.”
“Credit unions are in need of a solution that truly helps the members in these times of unending breach announcements. Unfortunately, breach events are not going to end, with advancing technology and data mobility creating more ways for both institutions and members to be attacked,” said Vero Senior Vice President of ID Theft Services Jim McCabe. “Joining forces with the League allows our message of support to reach more credit unions, which are also in need of their own breach protection and a means to generate non-interest income to bolster security measures inside and outside the credit union walls.”
Vero has provided identity fraud solutions to hundreds of credit unions and thousands of customers since 2004, and was acquired as a subsidiary of CU Direct in 2007. Its flagship solution, IDProSelect, is a fully managed identity theft recovery service that works on behalf of credit unions members and also protects the institution from data breaches while helping them comply with data breach regulations and risk mitigation initiatives.
About California and Nevada Credit Union Leagues
The California and Nevada Credit Union Leagues is the Ontario, CA-based trade association representing more than 300 credit unions in both states, and their more than 10 million members. For more information, go to www.ccul.org.
About Vero
Vero provides a unique suite of ID Theft and Data Breach Recovery solutions to credit unions, which also allows for the generation of non-interest income. Vero works in conjunction with reliable, longstanding industry partners. Unlike most ID theft companies, our providers support credit unions and their members with the “ultimate safety net” of fully managed recovery & restoration for any form of ID theft or fraud.