With data breaches increasing, states continue to push for consumer notification requirements. Last week, New Mexico passed the Data Breach Notification Act, which New Mexico credit unions urged for four years. Paul Stull, president/CEO of Credit Union Association of...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
In A World…
Don LaFontaine was the voice of all of the great movie trailers until he passed away in 2008. Most famously, he’s known for the opening phrase in his deep, booming voice, “In a world….” Some of his work included: “Die Hard,”...
In Memoriam: Dorothy Pung
The $522 million HFS Federal Credit Union is remembers its retired President/CEO Dorothy Pung as a great leader, mentor and friend. Memorial services were held last week for Pung whose credit union career spanned more than four decades. Pung, 81, passed away on...
Study Reveals Best & Worst States for Credit Conditions
Cardratings.com in Foster City, Calif. recently released the results of a national study to find out what states have the best and worst credit conditions. The credit conditions of each state were determined and ranked using five categories: average credit score from...
Should Financial Orgs Hack the Hackers?
Rep. Tom Graves, R-Ga., introduced a bill as a discussion draft that would allow a victim of a cyberattack to access the attacker’s computer in order to gather information about the attack to share with law enforcement or to stop the hacker from continuing to...
Credit Unions Try to Counter Trump’s Dismantling of CDFI
Some community development credit union officials said that they rely on the funds provided by the Community Development Financial Institutions Fund (CDFI) to help provide start-up loans to businesses. However, the Trump Administration has proposed killing the...