Credit union policyholders with a cyberinsurance policy at CUNA Mutual Group will be able to join the Financial Services Information Sharing and Analysis Center at a substantially reduced rate, thanks to a March 10 agreement between the insurer and the cybersecurity non-profit.

CUNA Mutual executives attending CUNA's Governmental Affairs Conference in Washington said the insurer had roughly 1,500 credit union cyberinsurance policies and have had claims. However, executives declined to specify how many.

The 5,200-member FS-ISAC is the leading platform for information sharing about cybersecurity threats among financial institutions. Credit unions with fewer than $1 billion in assets will be able to obtain a basic membership to FS-ISAC at a 20% discount from the normal $250 price and 10%  off each year's renewal, the member-owned non-profit said.

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