Links in “Credit Unions”
- Decade of Credit Union Credit Card Growth
The percentage of credit unions offering credit cards grew from 43% in 2003 to 56% in 2013. [2/5]
- DOJ Calls for Mandatory Reporting of Data Security Breaches
In a Senate Judiciary Committee hearing, Department of Justice official says businesses should be required to provide prompt notice to consumers in the wake of a breach and to notify the federal government of breaches so that law enforcement can pursue and catch the perpetrators. [2/5]
- NCUA Strategizes on Field of Membership Opportunities
The NCUA will host a 2/19/2014 webinar to promote field of membership strategies for federal credit unions touching on key topics of requirements, advantages of various federal charters, and the decision process for choosing expansion. [2/5]
- NCUA Now Offering Updated Share Insurance Booklet
NCUAâs latest version of its âYour Insured Fundsâ booklet is now available for consumers and credit unions. The update booklet, which offers plain English explanations of the share insurance coverage is available at http://go.usa.gov/BD3d. [2/4]
- Threat of the Week: The ATM XP Timebomb
On April 8th Microsoft will stop issuing security updates for Microsoft XP. Doesnât sound like a big deal since most of us left Microsoft XP behind long ago. However, while we may have left Microsoft XP behind our ATMs havenât and this is a potential time bomb. [2/4]
- Missing the Boat: Could Credit Unions’ Real Competition Be from Innovators and Not Banks?
According to Jason Vitug, founder of Phroogle, thatâs exactly the case. Credit unions are missing the boat if they are focused on being âlike a bank, only better.â Instead, credit unions should learn from innovators like Moven, Simple, T-Mobile, and the Prosper and Lending Club. [2/3]
- CUNA Tells Congress to Take Holistic Approach to Data Security Issues
CUNA CEO Bill Cheney, in a letter to the Senate Banking Committee, says that all participants in the payment process have to be held accountable and held to the same data security standards. He added that if anything less than this is done, consumers will remain vulnerable. [2/3]
- Second Credit Union Files Suit Against Target
Pennsylvania credit union First Choice FCU has become the second credit union to file suit against Target for its massive data breach. The $38 million-asset credit union stated that it had to cancel and reissue 75 cards and faces losses for fraudulent charges, interest and transaction fees and other costs for monitoring and preventing fraud. [2/3]
- Overview of CFPB’s Required Educational Brochures
NAFCU recaps the updated educational brochures that lenders are required to provide consumers at the time of certain loan applications. [2/3]
- NCUA Joins Push to Encourage Americans to Save More
NCUA encourages CUs to educate members and their families about the importance of saving during the 2/24/2014 to 3/1/2014 America Saves and Military Saves Week. Promotional elements seek to advance savings through motivational workshops and informational campaigns. [1/31]
