Year-End Financial Checkup: Why Updating Your Banking Information Matters

November 30, 2023

As we approach the end of another year, it's the perfect time to reflect and perform a year-end financial checkup by reviewing and updating your banking personal information. This includes details such as your address, email, or phone number.

Year-End Security Boost: As the holiday season approaches, cybercriminals are on the prowl, seeking opportunities to exploit vulnerabilities in the banking system. By updating your contact information in Online Banking, you can enhance the security of your financial accounts. Your contact details are crucial for verifying your identity when initiating transactions or making inquiries. Outdated information could potentially lead to unauthorized access or delays in addressing security concerns, making your accounts vulnerable to fraud.

Stay Informed for the Holidays: We use your contact information to communicate important updates, including changes in account terms, security breaches, or alerts for suspicious activities. This information is particularly vital during the holiday season when online shopping and financial activity tend to increase. Ensuring your contact details are up to date will ensure you receive timely notifications, allowing you to respond promptly to any issues that may arise.

 
Prevent Financial Mishaps: One of the last things you want during the holiday season is to miss a bill payment or incur unnecessary fees due to outdated information. An accurate address and email are essential for receiving billing statements and payment reminders. By keeping this information current, you can avoid late payments and the potential negative impact on your credit score. 

Efficient Year-End Planning: As you prepare for the upcoming year, your financial needs and goals may change. Whether you're planning a move, a career change, or significant life events, updating your personal information ensures that your bank can provide you with tailored financial solutions and advice. A clear understanding of your current circumstances helps your financial institution align its offerings with your evolving financial objectives. 
 
As a reminder, Neighborhood Credit Union will never initiate communication and then ask for your personal information via phone, text, or email. If you receive a phone call, text, or email from us that seems suspicious, please do not hesitate to alert us by calling 214-748-9393.

Unsure of when the last time you updated your information with Neighborhood Credit Union? Update your personal information by clicking here.  
 
You can also explore our How To video series for a demonstration on how to update your information in Online Banking or the MyNCU Mobile app.  
 
As we approach the end of the year, don't overlook the importance of reviewing and updating your banking personal information. It's a simple yet crucial step in securing your financial well-being, staying informed about your financial matters, and ensuring a smooth and efficient banking experience. By making this practice a part of your year-end financial checkup, you can enter the new year with confidence and peace of mind, knowing that your financial house is in order.