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October 1, 2014

Nussle in The Hill vows CU tax status defense

Washington
CUNA President/CEO Jim Nussle says that under his watch "the credit union tax exemption will be strongly and completely defended," in an op-ed published in The Hill Tuesday. ReadMore

CUNA seeks White House action on cybersecurity

Washington
CUNA is asking President Barack Obama to establish a Cybersecurity Council that would report to the president and would be charged with "developing a comprehensive and timely approach to the range of issues associated with cybersecurity attacks on businesses and consumers in this country." ReadMore

68% of businesses unprepared to respond to data breach: Experian/Ponemon

CU System
Recent high-profile data breaches at stores such as Home Depot and Target have brought the issue of cybersecurity front and center for many businesses. A recent study by Experian in collaboration with the Ponemon Institute found that, despite a heightened awareness, executives aren't confident in their abilities to respond to a serious attack. ReadMore

Joint cybersecurity venture aims to ID, share info faster for FIs

Washington
A joint venture between the Financial Services Information Sharing and Analysis Center and the Depository Trust and Clearing Corp. aims to provide financial institutions and other organizations the latest information on cyberattacks. ReadMore

CUNA Mutual to sell its crop-protection business

CU System
CUNA Mutual Group announced Tuesday that it has reached an agreement to sell its crop insurance business, Ag Insurance Group, to HCC Insurance Holdings Inc. ReadMore

CUs' card programs make the grade for schools

CU System
Credit unions support schools in many ways, such as providing financial literacy programs or in-school branches, but some use their card rewards programs to provide direct monetary benefits. ReadMore

White paper from CUNA Tech Council examines DDoS risk

CU System
A new white paper from the CUNA Technology Council, "DDoS Security: Risks, Actions, Threats and Solutions," examines the danger posed to credit unions by distributed denial of service attacks. ReadMore

Investment provision bill heads to Mass. gov.

CU System
A Massachusetts Credit Union League-backed bill updating permissible investments for state-chartered credit unions is headed to Gov. Deval Patrick for his signature. ReadMore

Fraud, theft, money laundering get CU employees banned from work

Washington
Three individuals have been prohibited from participating in the affairs of any federally insured financial institution, the National Credit Union Administration announced Tuesday. ReadMore

NCUA liquidates Republic Hose Employees FCU

Washington
Republic Hose Employees FCU of Youngstown, Ohio, has been liquidated by the National Credit Union Administration, the agency announced Tuesday. ReadMore
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Home-price appreciation softens further in July #NewsNow #Market http://t.co/0MXVy9sby0
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