The $211 million Alabama State Employees Credit Union is the first financial institution to sue Target seeking breach losses.
CUNA will release aggregate breach cost information to member credit unions, lawmakers, federal regulators and the media. Individual credit union numbers will be kept confidential.
Trade group shrinks, re-shuffles communications division.
Cards issued have APRs of 29.99%.
NAFCU last week released its IRS 990 form for 2012, which reveals a significant increase in base salary from 2011 for President/CEO Fred Becker, as well as part of his retirement payout.
Base pay increase, retirement plan payout boost retiring trade CEO's bottom line.
A U.S. Department of Homeland Security memo that said the May 7 distributed denial of service attacks threatened by the so-called “hacktivist” collective Anonymous against government and financial websites would be more bark than bite prove to be true.
Was it a test of defenses? Risk consultant says attacks could materialize, sooner or later, while CUNA reiterates rationale for warning, expresses relief.
CBS Screen hosting the credit union message through ACUC conference this summer.
Small bankers trade kicks off Community Banking Month; CUNA counters that everything credits union do is "local."