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.
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.
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.
California credit union second to confirm attack from Izz ad-Din al-Qassam Cyber Fighters, purportedly Iran-based.
California credit union garners more than 7,000 donations from members and employees.
ThreatMetrix is now providing cyber threat protection to the $3.7 billion Patelco Credit Union in Pleasanton, Calif., the company and credit union said.
The $3.7 billion Patelco Credit Union in Pleasonton, Calif., now using malware defense software from ThreatMetrix of San Jose, Calif.
You don’t need cash to buy a box of Girl Scouts’ Thin Mints from David Cale, CEO of Financial Plus Credit Union.
Credit unions are making the most of the consumer outrage with big banks’ fees.
Amount not disclosed, but Patelco pledges support.