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December 18, 2014

NCUA issues statement on info breach involving FCU exam

Washington
The National Credit Union Administration issued a statement Wednesday saying the information breach associated with the federal examination of a California credit union is an "unfortunate, but isolated, incident," resulting from a failure to follow agency policies on securing sensitive data that have been in place since 2008. ReadMore

McWatters: NCUA should take 'unambiguous' responsibility for info breach

Washington
National Credit Union Administration board member J. Mark McWatters called on his agency Wednesday to "unambiguously" take responsibility for a lost flash drive of sensitive data that went missing during the federal examination of a California credit union. McWatters made the comments in an email sent to CUNA. ReadMore

Consumers trust CUs over merchants for data security: Bizrate

CU System
Online shoppers trust their credit unions more than merchants when it comes to data security, according to a new survey. ReadMore

NCUA sues U.S. Bank, BofA alleging failure in RMBS trustee duties, seeks damages

Washington
A lawsuit has been filed by the National Credit Union Administration alleging two banks failed to fulfill their duties as trustees for 99 residential mortgage-backed securities trusts. ReadMore

IOLTA bill a 'big win' for CU movement, CUs note

Washington
The passage of the Credit Union Share Insurance Fund Parity Act has been met with optimism by credit unions that believe the law will open up new relationship possibilities. ReadMore

Final House race ends, league hosts new Fla. legislator

Washington
Martha McSally has defeated credit union-supported Rep. Ron Barber (D-Ariz.) in the battle to represent Arizona's 2nd Congressional District. ReadMore

First 2015 NCUA low-income CU grant round opens Feb. 2

Washington
Applications for the first round of 2015 technical assistance grants from the National Credit Union Administration will open Feb. 2. ReadMore

U.K. regulators approve CU for Church of England

CU System
U.K. financial regulators have given formal authorization for the Church of England to form a credit union. ReadMore

Shop for Miracles day nets $450K for CUs for Kids

CU System
It's hard to put a price tag on a miracle, but nearly a half-million dollars raised in one day might be getting close. ReadMore

Kenyon named chair of AACUL, Lyons steps down from board

CU System
Montana Credit Union Network President/CEO Tracie Kenyon is the new chair of the American Association of Credit Union Leagues. ReadMore
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