POLAM Federal Credit Union

Profile narrative

POLAM Federal Credit Union is a U.S.-based financial cooperative operating in the United States of America. As a credit union, its core business centers on providing financial services to its membership, which, based on its name and federally chartered status, is associated with a Polish-American community and the broader membership it serves under federal credit union regulations. Credit unions of this type typically offer deposit accounts, loans, credit and debit card services, and other consumer banking products to their members, though the specific scope of products marketed by POLAM Federal Credit Union is not detailed in the available source material. The available information does not enumerate the full range of services offered, the total asset size, or the membership count of the institution.

On May 20, 2025, POLAM Federal Credit Union learned that a former employee had illegally accessed and obtained documents from its systems, resulting in the exposure of a broad set of personal information belonging to individuals whose data the institution held. The compromised data categories reported in connection with the incident include full names, home addresses, Social Security numbers, credit and debit card numbers, driver's license numbers, financial account numbers, IRS e-file PINs, loan numbers, passport numbers, medical details, taxpayer identification numbers, and alien registration numbers. In response to the discovery, the credit union engaged a third-party cybersecurity firm to investigate the incident, and it subsequently notified affected individuals. The breadth of data types involved, including both financial identifiers and sensitive government-issued identifiers, reflects the variety of member information typically retained by a federally chartered credit union servicing a diverse membership.

Following public disclosure of the incident, Edelson Lechtzin LLP announced an investigation into potential class action claims on behalf of individuals whose personal information may have been exposed as a result of the breach. The law firm's involvement indicates that affected individuals may have legal recourse related to the unauthorized access, and it places the incident within the broader landscape of data breach litigation that has affected numerous financial institutions in recent years. The available sources do not specify the total number of individuals impacted, the exact date range during which the unauthorized access occurred, or the current operational status of the credit union beyond its response to the breach. There is no information in the provided source material regarding POLAM Federal Credit Union's ownership structure, parent organization, subsidiaries, branch locations, or membership eligibility criteria beyond what can be inferred from its name and federal charter status.

Incidents

1 incident linked to this organisation.