Technology blogger Brian Krebs reported the Sally Beauty breach Wednesday.
Data collected by CUNA and the Consumer Bankers Association covers only the cost of card replacement.
Decision to close and reissue compromised cards cut fraud rate to fewer than 1% of customers.
A joint release from the credit union and bank trades says $200M only covers the costs of card replacement.
Credit union trade associations turn down an offer to join bankers and retailers in a pledge to collaborate on data security.
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.
FBI report warns of increasing POS malware attacks and a lack of coordination with local authorities overseas.
U.S. financial data is low-hanging fruit for thieves, experts say.
Learn more about data breaches and read other articles about payments in this week's Focus Report.
CEO Adams said the Durbin Amendment sent billions in interchange to retailers, but financial institutions still bear risk and cost of breaches.