Equifax Data Breach

Equifax, one of the three major credit bureaus announced on September 7, 2017, that a data breach at the company may have exposed sensitive personal information for 143 million American consumers. Because of the size of this breach, many Idaho Central Credit Union members may be affected. As always, keeping your personal and business account information safe is a top priority at Idaho Central and we are here to help in any way we can.

What can you do?

Whether or not your information was exposed, U.S. consumers can receive a year of free credit monitoring and other services at the Equifax website. You have until Nov. 21, 2017 to enroll.

For more information about how ICCU protects your information, please visit www.iccu.com/security-center.

If you suspect fraudulent activity on your account, please contact us immediately.

Should I give my employees a company credit or debit card?

If you are a small business owner with employees, chances are, this is a question you’ve been faced with. Protecting company assets, while maintaining good operating practices, is a huge challenge for almost all business owners.  If managed correctly, this practice can be very helpful.  Let’s talk about some of the pros and cons:

Pros:

  • Saves Time
  • Causes less burdens for employees
  • Cash back rewards and bonus programs
  • Potentially less risk than using cash or checks
  • Helps to track spending

Cons:

  • Can open your business up to risks of fraudulent charges
  • Added layer of risk to manage multiple cards “floating around”
  • Unauthorized expenses, employee mishandling
  • What happens when an employee leaves?

At Idaho Central we have a solution for these common challenges! It’s called Card Control, and is a FREE feature we offer to our members.

Card Control is a mobile app that allows you to stay in control of the type, amounts, and where your employees can use their company card. Here are some examples of what this can do for your business:

Set limits on where the card can be used. Location Control allows you to create a virtual wall around the location you have authorized.

You can enable your Transaction Control to select the specific types of purchases. For instance, if your employee would not need to make online purchases, you can turn this setting “off” to prevent this particular purchase type.

Merchant Control is a way to limit even where the card is used. If you would like to block purchases made from a gas station, simply turn this feature to no.

Spending Limits are a major concern as well. In order to limit exposure, we recommend putting spending limits on each card. This is as easy as setting a dollar amount that you are comfortable with your employee using daily.

These are just a few examples of how we can help your business run as efficient as possible, while minimizing risk. Please contact your local Business Relationship Officer for more details on how Card Control can help you!

Hispanic Heritage Month at ICCU

During National Hispanic Heritage Month (HHM) (September 15 through October 15), we recognize the contributions made and the important presence of Hispanic and Latino Americans to the United States and celebrate the group’s heritage and culture.

Hispanic Heritage Week was first proclaimed President Lyndon Johnson in 1968 and begins each year on September 15, the anniversary of independence of five Latin American countries: Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. Mexico, Chile and Belize also celebrate their independence days during this period and Columbus Day (Día de la Raza) is October 12.

During National Hispanic Heritage Month, communities celebrate the achievements and contributions of Hispanic and Latino Americans with community festivals, government-sponsored activities and educational activities for students.

We invite you to share in this special annual tribute by learning and celebrating the generations of Hispanic and Latino Americans who have positively influenced and enriched our nation and society.

Idaho Central Credit Union is excited to be sponsoring some activities during National Hispanic Heritage Month.  Please join us for these fun events!

Fiestas Patrias: September 17 in Nampa at Julius M. Kleiner Memorial Park

All about the Dress Expo: September 22-23 in Idaho Falls at the PineCrest Event Center

Join women from all over East Idaho to celebrate the dress and everything that is needed with that dress. Two-days featuring vendors, instruction, demonstrations and the best in planning for that special day. Wedding, Quinceanera, Baptismal, Prom, Baby Blessing, Party stage Presentations will be non-stop with the latest in fashion, shopping, event planning and so much more. Presentations start every 30 minutes. ​

Latino Expo: October 7 at the College of Western Idaho

This event showcases Latino products, foods, and most of all local Hispanic business owners and non-profits. They will set up displays that showcase Hispanic culture and products. A portion of the funds raised will go to the Hispanic Cultural Center. Over 40 vendors will be there with cultural displays and showcasing their products. Other activities include, tamale and tortilla workshops, salsa and flamingo dancing, mariachi, Hispanic women’s workshops and a piñata making contest.