A joint release from the credit union and bank trades says $200M only covers the costs of card replacement.
Responding credit unions report 14% of all cards affected by Target breach, including 9.3% of all debit card and 4.3% of outstanding credit cards.
VP of Communications Pat Keefe says CUNA budgets and plans for member attrition and dues waivers, as well as re-affiliations.
CUNA and Carolinas League out $340,000 in membership dues with loss of nation's second largest credit union.
Callahan & Associates President/CEO Sean Hession was selected to lead the Illinois Credit Union League.
Credit union loan-to-share ratios climbed to 70.3% in December 2013; loan growth outpaced savings for first time since 2007.
Washington, D.C.-area credit unions partnered with SavvyMoney to offer free financial checkups for attendees.
Credit unions tell trade association breach cost an average of $5.10 per affected card.
Deputy General Counsel Mary Dunn says CUNA concerned about risk-based capital proposal details, which the NCUA has not shared with trades.
House Financial Services spokesman said committee would examine data security, but would not answer specific questions about Target.