AlumniFi Credit Union



Ways To Protect Your Account

2 min read

With the warmer seasons quickly approaching, we want to share some tips and tricks to keep your account safe. Summer is a popular time to plan a relaxing staycation or seek out a fun destination. Whether you decide to stay home or hit the road, the last thing you want to worry about is the security of your financial accounts. Here are some ways to protect your accounts for peace of mind while you’re having fun in the sun.

Protect your accounts with how you pay.
It’s a good idea to use debit or credit cards as they offer protection against fraudulent charges if the card is lost or stolen. Check with your card issuer for more information about the service they provide to protect your accounts.

Your financial institution is also your partner in protecting your accounts.
Just like you would ask your neighbor, close friend, or family member to keep an eye on your home while you and your family are away or out of town, your financial institution can do the same for your financial accounts and flag any suspicious or unusual activity.

First, make sure you’re enrolled in any automated communications regarding about your card or account activity. These might be push notifications sent directly to your phone as a text message, automated call, or email from your financial institution. You can typically customize these communications based on the type of notifications you prefer to receive.

If you are planning to travel, contact your financial institution prior to your trip. Make them aware of where you are going and how long you will be at each destination. This will help to ensure any purchases made out of your usual geographic area are not flagged as possibly fraudulent and erroneously block your card.

Extra precautions can offer extra protection.
Of course, there are other safety measures you can follow to protect your accounts – whether you’re at home, running errands, or going out of town for an extended period of time. Consider taking other precautions to keep your accounts safe, such as:

• Be careful using public Wi-Fi. If you must do so, don’t share any personal information.
• Avoid using a public computer; if you need to, always make sure you completely log out of all websites and don’t use it to pay any bills.
• Don’t tag your travel itinerary on social media while you’re away, and wait until you are home to share trip photos. Fraudsters may track your movements and learn you have an empty house.

It’s important to keep track of your financial accounts and credit or debit cards. In addition to keeping your accounts and cards safe, make sure to have secure passwords and know your card issuers so you can contact them if there is ever a problem.

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3777 West Road
East Lansing, MI 48823

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*APY=Annual Percentage Yield. Competitor’s savings account with a 0.21% annual percentage yield (APY) — $2,500 average based on the credit unions national average rate, as of 3/29/24, as reflected on NCUA: Credit Union and Bank Rates.

+“Survey: ATM fees hit record high while overdraft and NSF fees fell sharply.”

*Annual Percentage Yield (“APY”) means a percentage rate reflecting the total amount of dividends paid on an account, based on the dividend rate and the frequency of compounding for a 365-day period. This rate assumes that a set amount is on deposit at the beginning of the dividend period, no deposits or withdrawals are made during the dividend period, and funds remain on deposit for one full year at the same dividend rate. Fees may reduce earnings. Rates for accounts are variable and may change.

AlumniFi accounts are held at Michigan State University Federal Credit Union where savings are federally insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government. APR = Annual Percentage Rate. APY = Annual Percentage Yield. View our Privacy Policy and read our disclaimer regarding links to other sites via our Disclosures. If you are using a screen reader or other auxiliary aid and are having trouble using this website, please call 855-955-2965 for assistance. All products and services available on this website are available via our contact center.