If you’ve thought about switching your monthly or quarterly paper statements to a paperless or electronic version, check out these reasons to do it.
Identity Theft Prevention
Switching to paperless statements could help prevent identity theft resulting from stolen mail. Last year identity theft affected 9.9 million Americans, according to the U.S. Postal Inspection Service. Some of these cases occurred because an individual’s mail containing sensitive information was stolen from their mailbox. Every statement or bill you get in the mail is an opportunity for a thief to steal your account information.
But the danger doesn’t stop at the mailbox… it also leads to the trash can. Dumpster-diving is a common technique for a thief to steal your identity. Every piece of sensitive mail that isn’t put through a cross-cut shredder is one more opportunity to have your identity stolen.
Membership in America’s Credit Union is open to anyone who lives or works in Dallas, Rockwall or Collin Counties, Texas, and their family members. Employees of select employers may also be eligible. See our Membership page for details.