CyberScout
April 26, 2006

HFS Federal Credit Union Announces Partnership with ID Theft 911

HFS Federal Credit Union announced today that it has joined with CyberScout® to provide members with identity theft resolution services at no additional cost.  In the event that HFS members become victims of identity theft, they will now have CyberScout’s full range of services to assist them in restoring their identity.  In addition, members will have access to CyberScout’s proactive educational materials through www.hfsfcu.org.

Arizona-based CyberScout is the nation’s leading provider of identity theft crisis resolution, defense and education services. As part of the package, CyberScout will provide victims with one-on-one assistance from a personal advocate, along with a full year of credit and fraud monitoring services to help the victim restore their credit rating and prevent further damage. 

“With the ever increasing prevalence of identity theft in our society, we felt the need to find a program to assist our members in resolving their case should they ever become a victim,” said Dorothy Pung, President/CEO of HFS FCU.

According to the Federal Trade Commission, an estimated 10 million Americans were victims of identity theft in 2005, making it America’s fastest growing crime.  Surprisingly, the majority of identity theft cases do not result in substantial out-of-pocket expenses for victims; rather, the most significant losses are time and a sense of personal safety. CyberScout’s service eliminates these obstacles and provides necessary support.

“One of our missions is to protect, preserve, and safeguard the assets of our members,” added Pung. “CyberScout provides us with the tools to accomplish this mission. Members can now rest assured they will have an advocate on their side in resolving and restoring their identity. We are pleased to offer this service at no cost to our members.

HFS Federal Credit Union was chartered on January 4, 1937 to serve government employees located on the Island of Hawaii. Over the years, it has grown to $313 million in assets with 50,000 plus members. With a change to a community charter, the credit union now serves the entire Island of Hawaii with six locations.