LAWRENCE, Ind. - Identity thieves have targeted the president of an Indianapolis-area credit union’s board, but the financial institution said it did not involve a breach of its customers’ accounts.
Financial Center Federal Credit Union leaders said the fraud attempt only involved one member, but that member happened to be the president of the credit union’s board of directors.
Police were called to the credit union on East 56th Street near Interstate 465 when the board president returned from an out-of-state trip to find a notice that his accounts had been flagged for potentially fraudulent activity.
He told police that he quickly checked his accounts and found no money had been touched. However, he reported on Feb. 19 that someone had used his identity information to try to open a loan account in his name.
Lawrence Police wrote in their report that the 71-year-old board president has taken steps to make sure his accounts are not compromised in the future. Officers also wrote that they were unsure whether he was targeted because of his position with the credit union, or whether it was a coincidence.
In a statement to the Call 6 Investigators, Frances Tooley, the chief operating officer of the Financial Center Credit Union, wrote:
Financial Center ruled out our organization’s systems as the source of exposure. There has been no security breach to our system, nor were other members impacted and therefore no report to the membership was necessary. There was no loss of funds to our member as a result of this incident.
Financial Center’s role was to assist our member in mitigating any negative impact that could occur. This included setting up a new account and corresponding services for our member, assisting with the contacting of all three credit reporting agencies, assisting with the filing of a police report and setting our member up with identity theft protection offered through one of our valued business partners.
Financial Center is committed to the protection of member data and offering our members quick access to assistance at any time they feel their private information may have been compromised.
The police officer who took the report during his work as a security officer at the credit union wrote in his report that the credit union has spotted this type of activity on other members’ accounts in the past.
However, Tooley said the fraud attempt aimed at the board president was “an isolated event affecting one member.”
It was unclear from the police report or the credit union’s statement exactly how or where the board president’s identifying information may have been compromised.
No arrests or leads were reported as police started their criminal investigation.