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CUNA releases CUs' Target breach costs estimate

CUNA News Now Headlines 1/22/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

Target breach to cost CUs estimated $25M-$30M, CUNA study shows

Credit unions have already incurred costs estimated to be in the range of $25 million to $30 million in costs as a result of the Target stores data security breach, a CUNA survey has shown. More

Cheney goes live on radio to emphasize data breach costs to CUs

Credit unions and their members--not the retailers--will end up paying the costs for data security breaches such as those recently at Target and Neiman Marcus, CUNA President/CEO Bill Cheney emphasized Tuesday during a live appearance on a nationally broadcast Bloomberg Radio program. More

CUs 'left holding the bag' in breaches, Adams writes Stabenow

In a letter to U.S. Sen. Debbie Stabenow (D), Michigan Credit Union League President/CEO Dave Adams addressed the financial liability of merchants when data breaches occur. More

'Vishing' scam uses NCUA name to con targets

The National Credit Union Administration released a warning to consumers Tuesday telling them to beware of a "vishing" scheme that uses the agency's name in phone calls that attempt to get personal financial information from the targeted person. More

2014 CUNA campaign schools kick off election year

As another election year begins, CUNA is again teaming with state credit union leagues to prepare local legislators-to-be through its campaign schools. More

NCUA posts 2014 regulation review list

In its annual announcement identifying the list of regulations it will review during the year, the National Credit Union Administration said among those to be studied this year are rules governing records preservation, loans in areas having special flood hazards, Bank Secrecy Act compliance, and tort claims against the government. More

Pierce pens pro-CU op-ed for Kansas City Star

Dennis Pierce, CEO of Lenexa, Kan.-based CommunityAmerica CU, noted the historical significance of 2014 and credit unions' creation in a Monday op-ed in The Kansas City Star. More

CU partner Chatzky tells expo: Financial, physical health are equals

Financial expert Jean Chatzky tied financial health to physical health during her appearance at the NBC 4 Health and Fitness Expo Jan. 11. More

Bagumbayan CU closes: Great Lake CU assumes shares

The National Credit Union Administration Tuesday, in its role as conservator, announced the liquidation of Bagumbayan CU of Chicago. It is the first federally insured credit union liquidated in 2014. More

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