On January 20, 2023, Members Trust of the Southwest Federal Credit Union filed notice of a data breach with the Attorney General of Texas after confirming that the confidential information of some bank customers was accessible by an unauthorized party. Based on the company’s official filing, the incident resulted in an unauthorized party gaining access to consumers’ names, addresses, Social Security numbers, driver’s license numbers, financial account information and protected health information. After confirming that consumer data was leaked, Members Trust Federal Credit Union began sending out data breach notification letters to all individuals who were impacted by the recent data security incident.
If you are a current or former customer or employee of Members Trust of the Southwest Federal Credit Union, news of the recent breach is probably very concerning, and for good reason. As we’ve discussed in other posts, hackers who carry out data breaches typically do so in hopes of obtaining sensitive consumer information they can then use to commit identity theft and other frauds. While not every data breach victim experiences identity theft, many do, and it’s imperative that those who were affected by the Members Trust of the Southwest Federal Credit Union breach take steps to protect themselves. Additionally, if evidence emerges that Members Trust Federal Credit Union was negligent leading up to the breach, victims may be able to pursue a data breach lawsuit against the company.
What We Know So Far About the Members Trust of the Southwest FCU Breach
The available information regarding the Members Trust of the Southwest FCU breach comes from the company’s filing with the office of the Texas Attorney General. However, at this early point, information about the Members Trust data breach is limited, as the company has not yet posted notice of the breach on its website or issued a press release explaining the incident.
What we do know is that the company recently discovered a cyber threat, which triggered an investigation confirming certain customers’ information was subject to unauthorized access. After discovering that sensitive consumer data was made available to an unauthorized party, Members Trust of the Southwest FCU began to review the affected files to determine what information was compromised and which consumers were impacted. While the breached information varies depending on the individual, it may include your name, address, Social Security number, driver’s license number, financial account information and protected health information.
On January 20, 2023, Members Trust of the Southwest FCU sent out data breach letters to all individuals whose information was compromised as a result of the recent data security incident. While the total number of people affected by the Members Trust data breach remains unknown, the Texas Attorney General reports that there were over 6,800 victims in Texas alone.
More Information About Members Trust of the Southwest Federal Credit Union
Founded in 1936, Members Trust of the Southwest Federal Credit Union is a financial institution based in Houston, Texas. Members Trust of the Southwest operates two locations in Houston and Stephenville, TX, through which it offers the traditional suite of services one would expect to find at a bank or credit union, including checking and savings accounts, auto loans, personal loans, home mortgages, certificates of deposit, and more. Members Trust of the Southwest FCU employs more than 25 people and generates approximately $11 million in annual revenue.
