ALEXANDRIA, Va. — The NCUA Board approved up to $50,000 to cover costs from the NCUA examiner data breach at the $13 million Palm Springs Federal Credit Union of Palm Springs, Calif. The agency made the announcement shortly before commencing its January board meeting.
An examiner lost a flash drive during an examination at the credit union.
At the current time, the costs are about $36,000. The NCUA has agreed to pay for credit monitoring for the credit union's members, its staff's time and legal fees.
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