Information - Data and Security Breaches

On occasion retailers and other businesses that accept credit cards or debit cards as forms of payment may have their data security systems breached.  These breaches can compromise the personal information of the card holders.

We would like to remind our customers that it is important to check your credit reports on a periodic basis.  According to federal regulations, individuals are permitted to receive a free copy of their credit report every twelve months from one of the three major credit reporting agencies (TransUnion, Experian, or Equifax).   Please see below under the "Identify Theft" section for the contact numbers for each of the credit agencies. 

Additionally, we would also like to remind you of your obligation to view your account statements for unusual activity and to report any unauthorized activity to Community Savings Bank immediately upon identification.  You can notify Community by contacting our Accounting department at 773-685-5300 or in writing to Community Savings Bank, Attn: Accounting department, 4801 W. Belmont Avenue, Chicago, IL  60641. 

Illinois Revised Uniform Unclaimed Property Act

In Illinois, as in most states, by law abandoned property is turned over to the state after it has been untouched for a period of time.  Property that is subject to unclaimed property laws includes deposits in bank accounts, contents of safe deposit boxes, uncashed bank checks, and other types of financial property.  Effective January 1, 2018 Illinois changed the time periods that determine when inactive accounts will be considered to be abandoned.*  A few examples are shown below, along with the periods of inactivity which qualify property to be considered abandoned under the new law.

Deposit Accounts:               3 years (this includes time certificates after the initial maturity)

Safety Deposit Boxes:         5 years of inactivity

Uncashed Bank Checks:     3 years after issuance


What can you do?  Here are a few tips.


1. Keep track of your accounts.  Know what you own, and know where your assets are.

2. Keep your accounts active.  Contact your bank or other holder of financial assets concerning inactivity, respond as soon as possible.  Don't ignore abandoned property notices.


You have worked hard for your money.  Keep it safe, and keep accounts active.  If you have any questions about your accounts, contact your financial institution or other holder of your financial assets.


*Illinois Revised Uniform Unclaimed Property Act


Identity Theft

Identity Theft: How to Protect Yourself 

Identity theft is a big concern today.  It occurs when a thief discovers someone's personal financial information and uses it to make purchases or steal money from them.  While law enforcement and financial institutions are working to prevent identity theft, consumers need to take precautions.

Here are some things you can do:

  • Protect your Social Security, bank account, and credit card numbers at all times.  Also be careful with your PINs and passwords.
  • Never provide confidential information in response to a phone call, letter or an email no matter how friendly or official it appears.  These scams are called "phishing."
  • Don't throw away old ATM or credit card receipts, bank statements or tax returns without shredding them first.  Thieves pick through trash bins looking for trash they can turn into cash.
  • Guard your mailbox to protect confidential information sent to you.  Pick up your mail as soon as you can.  When mailing a check, put it in a postal service mailbox.  Don't leave it for a postal carrier to pick up.
  • Never provide financial information when visiting a website unless it clearly explains how your personal information is protected.
  • Before disposing of an old computer, erase files that contain financial records, tax returns and other personal information.

Source: FDIC Consumer News

For more information on Identity Theft Prevention please view the video tutorial below.

Interactive Video Player

If you suspect your information has been compromised, you can contact the major credit bureaus listed below and they can place an alert on your file for 90 days.  You can also extend the alert. 

  • Equifax: 1-800-525-6285
  • Experian: 1-888-397-3742
  • Transunion:1-800-680-7289



Financial services provided for local customers. All accounts must be opened in person. Other terms, conditions and restrictions apply.