Monday, November 2, 2015

Check Fraud & Swiss Cheese

Just about every article you read about fraud, security and identity theft is based on the idea that with increased technology comes increased security.  In fact, we do everything we can to bring as much cutting edge technology to your defense as possible.  Unfortunately, some of the greatest vulnerabilities in your security come from low-tech attacks.
Think about it this way: A dedicated criminal wanting to get into your checking account has to spend thousands of dollars on an RFID skimmer, a device to crack your PIN, and other technological marvels out of a “Mission: Impossible” movie, but when they get access, our fraud protection kicks in after only a very small expenditure.  So, why would a criminal spend thousands of dollars when they could get the same benefits from spending $5 on a blunt object with which to threaten you physically?  Why steal RFID signals out of the air when you can pick pockets and shop online?  Why go high-tech and hassle with all our security experts when a criminal can go low-tech and wait for you to slip up?
It helps to think of your financial security as a metaphorical block of Swiss cheese.  Every layer of security may have a few holes, just like every step you take to protect yourself has holes.  The idea is that, if we put enough layers of cheese on top of each other, we can make sure that none of the holes go all the way through the cheese, leaving you vulnerable.  In that spirit, we’ve identified a low-tech hole in the cheese, and we’re putting down another layer. We’d like to make sure you put down some cheese, too.

Check fraud is still a major problem, and it could get worse as EMV chips and software security make ATM and point of sale transactions more secure.  Check fraud is an umbrella term for a variety of strategies scammers use, ranging from creating blank checks on computer software to stealing and using old checkbooks.  Your checkbook is a source of fraud vulnerability for many of these strategies, but the ways to protect yourself are fairly simple.

Thursday, July 16, 2015

EMV Chip Technology is coming to you!

EMV Credit Cards Debit Cards Chip and PIN
EMV Chip Technology is coming to your credit and debit cards.  Click the picture to find out more information about this important change.

Tuesday, December 2, 2014

First City Receives CU Members 2014 Valued Partner Award

First City is pleased to announce that we have received the 2014 Valued Partners Award from CU Members Mortgage, a trusted organization of seasoned, professional mortgage lenders.  Through its partnership with CU Members, First City has the ability to offer a full range of home mortgage programs at competitive interest rates.  First City was in competition for the award with 100 other credit unions in California, Arizona, Nevada, Washington, Oregon, Alaska, Hawaii, and Idaho.  Pictured above is First City’s Mortgage Lending team, (l. to r.: Henry Perdomo, Loan Officer; Andrea Finley, Manager; and Alan Shelley, Loan Officer, CU Members Mortgage) receiving the Valued Partner Award for 2014.

Monday, September 8, 2014

We're wearing Jeans to raise money for Kids!

First City has teamed up with the Children's Miracle Network in support of local Children Hospitals.  If you'd like to help, please ask one of our staff.  And make sure to say hello to those wearing Jeans and T-Shirts that have already made their own personal donation.

All donations go to Children's Hospital Los Angeles, one of our main Employer Sponsor Groups.


Friday, August 15, 2014

We're one of America's Best!

75 years ago, in a meeting at the Hollywood Roosevelt Hotel, nine Los Angeles Sheriff Department employees met to draft the bylaws of a new credit union. First City Credit Union received its official charter on September 28, 1937 with less than $90 in deposits.  Today, we’ve grown into one of the nation’s leading credit unions!
  • 5-Star Ranked - For the 58th straight quarter by Bauer Financial Inc., the nation’s leading independent bank rating firm.
  • America’s Top 100 Credit Unions - In four separate categories by Bauer
  • Nation's Top 200 Healthiest Credit Unions - named First City to its 2014 list!  With over 6,500 credit unions in the United States,  First City ranked in the top 1.5 percentile!
  • Lowest Auto Loan Rates in SoCal - In a recent study, identified First City among the 10 lowest auto loan rates available in Los Angeles! 
That's pretty awesome from where we first started. We owe it all to our loyal members and outstanding leadership. Thanks! 

Monday, August 11, 2014

Visit our booth at the Los Angeles Sheriff Relief Association's Annual Family Social.
 Bring your friends and family!
Our booth will be in the main courtyard where we're raffling off a Free
39" HDTV!


Tuesday, August 5, 2014

 Do You Have Digital Eye Strain?

Most of you are doing the same thing we are, staring at a computer screen.  Obviously, you have to stare at one to see this post!  Have you thought about the effects on your eyes of exposure to computer screens for long periods of time?  Here we have an infographic that details what computer-related eye strain is, what causes it, and how to get relief.  We're certainly using this advice from now on, courtesy of Daily Infographic and Vision Direct, where you can see the graphic larger if you need to.    Enjoy what you see!

First City Credit Union wants to save your eyes