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By Heather Anderson |
April 17, 2013
Final arbitration award documents obtained by Credit Union Times reveal a legal dispute between Ken Burns and the billion-dollar Tech CU, where he formerly served in the corner office.
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By Heather Anderson |
April 10, 2013
Arbitrator rules that Burns was negotiating merger with Patelco while serving as Tech CU's CEO.
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By Marc Rapport |
March 28, 2013
California credit union hires new chief technologist, says DDoS attacks were not a factor.
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By Heather Anderson |
March 27, 2013
In an “amicable” decision made between Patelco President/CEO Ken Burns and the $3.9 billion credit union’s board, Burns will resign effective sometime this summer.
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By Heather Anderson |
March 18, 2013
Outgoing CEO, board chair agree that resignation is voluntary; Burns says he seeks new challenge.
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By Heather Anderson |
March 18, 2013
Board chairman confirms exit of CEO of four years at $3.9 billion California credit union.
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By Robert McGarvey |
March 6, 2013
Patelco has confirmed that on Feb. 25 the large Northern California credit union was down for “around two hours” in a Distributed Denial of Service (DDoS) attack which overwhelms a web host with data, effectively knocking it out of commission.
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By Robert McGarvey |
February 27, 2013
Credit union CEO says defenses getting better and will continue to improve after two-hour takedown on Monday.
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By Heather Anderson |
February 27, 2013
The $3.9 billion Patelco Credit Union experienced its most profitable year in the Pleasanton, Calif.-based institution’s 76-year history, with a $55.5 million net profit and 1.48% return on assets. In fact, last year’s earnings were more than the total of $37 million earned from 2005 to 2011 combined.
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By Robert McGarvey |
February 20, 2013
Call it a frighteningly mixed message. In the last week of January, the al-Qassam Cyber Fighters who had been claiming the Distributed Denial of Service takedowns of some of the nation’s largest financial institutions, turned their sights on credit unions.
