28 March 2011

Security is Credit Union SA’s focus
Credit Union SA has introduced a new 24 hour monitoring service, “Vigil”.  This service is in partnership with the industry body, Cuscal,  and will provide members with 24 x 7 x 365 days a year monitoring protection against fraudulent card transactions – both online and at ATMs.  

The service is a new initiative and is at no cost to members that hold a Credit Union SA credit card, debit card or Redicard.

‘Protecting our members’ funds is of paramount importance to Credit Union SA and while we currently have an exceptionally low incidence of fraud, our aim is to keep ahead of emerging trends in the finance industry’, said Credit Union SA’s, CEO David White. 

Mr White expects many positive benefits to members of Credit Union SA, and is glad to be able to assure them that their funds are protected from fraud 24 x 7 x 365 days a year! 

Any Advantage SA members interested in joining Credit Union SA should call 08 8202 7777. 

Increasing fraud levels
Fraud levels in Australia on credit and charge cards have increased dramatically over the years and have been primarily driven by the skimming of magnetic stripe (magstripe) cards as well as overseas scams.  The spread of attacks of this nature and Australia’s geographic location means that attacks often take place after hours and over weekends. 

Industry intelligence indicates that the trend has been for criminals to target areas which are unprotected and they will continue to find ‘holes’ in the system until barriers are put in place to prevent their activities.

Credit Union SA
Credit Union SA is a South Australian based financial institution that is committed to supporting South Australians and their future by providing a range of financial products and services to members and are renowned for their local knowledge, after all…. knowledge counts.      

For more information visit www.creditunionsa.com.au.