Fourteen credit unions and organizations that work with credit unions received $1.5 million each from the latest round of awards from the U.S. Treasury's Community Development Financial Institutions Fund. Their totals were part of more $28 million that went to 27 credit unions and supporting organizations.
Foourteen credit unions and supporting organizations awarded $1.5 million each from Treasury program.
Police in Beaverton, Ore., said they have photos and identifications and are now seeking suspects in the nationwide Michaels breach case.
Agency orders $7 million CU to take three steps to remedy problems in its operations.
More than a year after St. Paul Croatian Federal Credit Union was conserved and liquidated because of losses from fraud, there have been indictments, federal and international investigations and money hunts, and a lawsuit against the NCUA.
The troubles at Nevada’s Silver State Schools Credit Union, which include a 2% pay cut in September, reverberated across the state again last week.
Federal agents seized and replaced five command and control servers and 29 domain names used by the botnet to hack financial accounts.
Fraud is inevitable for financial institutions, even when diligent precautions are taken, according to experts in the credit union security space.
The U.S. Department of Justice is shooting down Coreflood.
For credit unions and banks, having $6 trillion parked in some of their accounts should be a good thing, right? Not necessarily.