Patelco

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  On the Hook For Nearly Half a Million

  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.

• Ken Burns Exit From Patelco Called ‘Amicable’

  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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  CEO Ken Burns Out at Patelco Credit Union

  By Heather Anderson  |  March 18, 2013

  Board chairman confirms exit of CEO of four years at $3.9 billion California credit union.

• Repeat Attack on Patelco

  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.

• Patelco Credit Union Hit Again By DDoS Attackers

  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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  Trailblazer Award: CFO Scott Waite’s Leadership Extends Beyond Patelco

  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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  Nervous Credit Unions Seek Buffers After DDoS Attacks

  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.

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  Cyber Fighters’ DDoS Hits Two Credit Unions

  By Robert McGarvey  |  February 6, 2013

  The bland name hides the lethal intent of DDoS when aimed at financial institutions, an event that has become increasingly common as dozens of large banks have recently found their online operations crippled, sometimes for days by highly skilled cyber-attackers.

• Patelco Confirms Five-Hour DDoS Takedown

  By Robert McGarvey  |  January 29, 2013

  California credit union second to confirm attack from Izz ad-Din al-Qassam Cyber Fighters, purportedly Iran-based.

• Patelco Raises $42,000 for Hurricane Sandy Relief, Children’s Hospitals

  By Natasha Chilingerian  |  January 24, 2013

  California credit union garners more than 7,000 donations from members and employees.