The $38 million First Choice FCU in Pennsylvania take the lead position in a class action suit.
The card will also feature a series of rebates on Wal-Mart purchases.
Learn what questions to ask and which action items should top a credit union's EMV prep list.
Learn more about the conversion to EMV chip-and-PIN cards, mobile apps and more in this Focus Report on payments.
Compare how EMV adoption varies around the world.
Experts estimate fewer than 50% of card-issuing credit unions will have EMV-equipped credit and debit cards ready by October 2015.
Payment processors say CUs are behind pace to upgrade to EMV chips by October 2015 and may face fraud loss liability.
PULSE survey finds 17% of credit unions said they'll face the risk.
Credit unions saw 16% of their cards hit by fraud in 2013, compared to 12% for community banks and 14% for large banks.
If banks can beat retailers in the race to adopt EMV technology, they may have a fraud liability advantage.