ARLINGTON, Va. — Nine credit union institutions and groups have organized what they are calling the Credit Union Risk Council to help CUs develop and implement better risk management strategies.
The nine participating institutions include Card Services for Credit Unions, Credit Union Card Center, Credit Union 24, CUNA Mutual Group, The Members Group, Pemco Technologies, Pennsylvania State Employees Credit Union, PSCU Financial Services and TNB Card Services.
The Council will also have advisory members that include CUNA, NAFCU, Visa USA, MasterCard, the U.S. Postal Inspection Service, U.S. Secret Service and the FBI.
The Council is the fist organization formed to address risk management from the perspective of credit unions and the Council members, some who are normally competitors, pledged cooperation when facing card risks.
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