Safeguarding Your Accounts

Keep Your Account Information Safe

Every day, dishonest individuals are busy developing new scams targeting the unsuspecting public. Y-12 Federal Credit Union is devoted to the safety and confidentiality of member information. An important part of online safety is knowledge.

Here are some risk controls and tips on how to keep you safe on the Internet:

  1. Monitor accounts and debit and credit card activity daily to quickly catch and counter attempts to transfer funds or make unauthorized purchases.

  2. Do not leave your computer unattended with your account on the screen.

  3. Anti-virus and firewall software should be installed on all internet-connected computers. As new viruses are constantly emerging, update anti-virus software regularly.

  4. Change online banking passwords frequently and never tell your password to anyone. Create strong passwords of 6 – 8 characters with a combination of upper and lower case, numbers, and symbols.

  5. Never respond to an e-mail purporting to be from Y-12 Federal Credit Union or any other financial institution requesting account or password information. This information is on file and would never be requested by e- mail.

  6. Make sure the secure area of any site always has “https” at the beginning of the site address and a padlock on the browser frame, not within the page. This ensures the site is, indeed, secure.

  7. Never share personal account information in e-mails, as regular e-mail is usually not encrypted.

Additional security tips and information are available at

Y-12 Federal Credit Union will never call, e-mail, or in any other way contact you to ask for your user name, password, credit or debit card number, PIN, or 3 digit security code.

Dispute Protection

Under Federal Regulation E, you may recover internet banking losses according to how soon you identify and report them to the Credit Union. If you report the losses within two days of receiving your statement, you may be liable for the first $50; after two days, the amount increases to $500 and after 60 days you could be legally liable for the full amount. However, VISA Zero Liability takes precedence over Regulation E for unauthorized VISA transactions. VISA Zero Liability means that upon notification from the cardholder of unauthorized VISA transactions, the issuer must limit the cardholder’s liability to zero. This requirement is not applicable for ATM cash disbursements, VISA corporate card, or VISA purchasing card transactions. In these cases, Regulation E will be followed.

Provisional credit must be credited back to the cardholder’s account within 10 business days of such notification.

The issuer may withhold provisional credit if the issuer determines that specific investigations are required, if the prior account history is unsatisfactory, or if the nature of transactions justifies the delay in crediting the cardholder’s account. The amount of the cardholder’s liability for unauthorized VISA transactions may be increased if the issuer determines that the cardholder was negligent or fraudulent in the handling of the account or the card.

Rights and Responsibilities

With respect to online banking and electronic fund transfers, the Federal government has put in place rights and responsibilities for you and Y-12 Federal Credit Union. These rights and responsibilities are described in your Account Agreement. If you notice suspicious activity on your account or experience security-related events, please contact the Credit Union at 1-800-482-1043. Alternatively you may contact the Credit Union by e-mail at