NOTICE TO CREDIT UNION MEMBERS REGARDING UNCLAIMED PROPERTY
The State of Illinois has enacted a new law governing unclaimed property held in the State. The Revised Uniform Unclaimed Property Act went into effect on January 1, 2018. Under this act, the presumptive period of abandonment for deposit accounts changes from 5 years to 3 years. As a result, accounts without any owner activity for a 3 year period will be turned over to the Illinois State Treasurer's Office, upon completion of the owner notification procedure and subject to the criteria set forth in the Act. View the Revised Uniform Unclaimed Property Act (765 ILCS 1026)
2018 REACH Events
During the month of May, Credit Union 1 will be having a Shred Event. Shredding sensitive documents is one way to reduce your risk of becoming an identity theft victim. Identity thieves steal their victims’ information and money, damage their credit score and their ability to secure a loan, and to add insult to injury, tarnish their reputation by also committing crimes in their name.
Throughout the month of May, several of our branches will be hosting a Shred Event to provide a secure way for our members and the people in our communities (excluding businesses) to destroy your personal information and keep it out of the hands of crooks. To allow us to accommodate as many people as possible, bring up to 2 file boxes, or 3 grocery bags full of confidential documents to be shredded at one of the Credit Union 1 Shred Events listed below. Documents will be shredded onsite free of charge.
Please do not bring items that will jam the shredder.
Items to Shred
Items NOT to Shred
Bank or Credit Card Statements
Papers with Account Numbers, Social Security Numbers, or Medical History
Cancelled or Voided Checks
Pre-approved Credit Card Applications
Wet or Already Shredded Paper
3-Ring Binders or Plastic Folders
DVDs or Other Electronic Media
Non-sensitive documents that can be disposed of in your trash or Recycle Bin.
Credit Union 1 and its employees are not responsible for any documents removed from our immediate area prior to shredding. It is the sole responsibility of the person to supervise their material at all times while waiting to have the information shredded. Credit Union 1 is not liable for the theft or misuse of information that is left unattended by the person.
May 19 - 4027 W. 10th Street • Indianapolis, IN • 9:00 a.m. - 12:00 p.m.
May 19 - 225 S. College Street • Springfield, IL • 9:00 a.m. - 12:00 p.m.
May 26 - 5535 W. 95th Street • Oak Lawn, IL • 9:00 a.m. - 12:00 p.m.
May 26 - 15 N. Wolf Road • Northlake, IL • 9:00 a.m. - 12:00 p.m.
If your organization is interested in participating in or donating to an event, please contact us using the contact information below.
Member Focus is the Credit Union's Monthly newsletter. It has valuable information concerning the latest promotions on products and services, information about credit union events and timely tips to help you manage your money.