News

WASHINGTON - A leading data security executive with Visa USA today expressed renewed support for the standards the card industry has embraced for card security.

The SEC has charged the auditors of Bernard Madoff's broker-dealer firm with fraud for allegedly conducting fake audits and has vowed to go after other accomplices.

The University of Missouri-Kansas City has a new $40,000 endowment thanks to Mazuma Credit Union.

WASHINGTON - The next couple of years may be when credit unions will begin to ask their members to take a more active role in preventing card fraud, according to Visa and other executives attending Visa's Global Card Security Summit.

Credit union CEOs representing CUNA and NAFCU today urged lawmakers to increase the NCUSIF's borrowing authority with the Treasury Department to $100 billion and allow the CLF to lend to corporate credit unions.

ALEXANDRIA, Va. - Despite the market's volatility and three credit union failures last month, the NCUSIF's equity ratio stayed at 1.28%, NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board today.