Addison Avenue Financial Partners, a subsidiary of Addison Avenue Federal Credit Union, is partnering with industry expert CyberScout™ to offer its membership extensive identity theft protection and resolution services.

The first element of the two-part system, the Protection Program, helps protect members against identity theft, through constant fraud monitoring of more than 400 databases that can detect identity misuse.  In addition, members have access to a number of educational resources and emerging technologies designed as the first wall of defense against identity theft. Enrollment in the program costs $44.99 per year, and is open to any Addison Avenue member.

The second component is the Resolution Program, triggered when a member’s financial privacy has been violated. A personal advocate will work one-on-one with the victim to assist them through the complicated process of restoring their identity. The advocate notifies all credit bureaus, creditors, collectors, government agencies and other relevant parties. In addition, a comprehensive case file is created to assist law enforcement and insurance agencies. Many other services are included, all designed to restore the victim’s proper identity and credit standing, while addressing the time-consuming and potentially damaging aspects of recovering from identity theft. The Resolution Program is free to qualified Addison Avenue members.

An estimated 10 million Americans were victims of identity theft in 2005, and without assistance victims can lose over 20 days of work attempting to restore their identity. At present, over five million households participate in CyberScout™’s program. Its security services are utilized by a wide range of Fortune 500 companies, financial institutions, universities and the nation’s largest insurance firms.