Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Aldi data breach prompts account closures
MADISON, Wis. (10/14/10)--A data breach at Aldi’s grocery stores as a result of tampered debit card payment terminals at some stores has affected many financial institutions, including at least one credit union. ESL FCU, a $3.74 billion-asset credit union based in Rochester, N.Y., shut off 3,700 member debit cards Saturday to prevent infiltration of accounts, said ESL spokeswoman Francine Patella Ryan (Democrat & Chronicle Oct. 13). The credit union has been reviewing account activity for unusual transactions, the newspaper added. The breach has occurred in at least 11 states, according to Aldi’s website, but could be even more widespread. Aldi said its machines were tampered with between June 1 and Aug. 31 ( Oct. 2). Roughly 200 people notified authorities that unauthorized withdrawals ranging from $100 to $900 were taken from their accounts, the Chicago Tribune reported (via Aldi operates more than 1,100 U.S. stores in 31 states from Kansas to the East Coast.

RSS print
News Now LiveWire
(2of2) NCUA is aware of importance of scaling regulatory, supervisory and assistance prgrms to address unique circumstances of small CUs.
7 minutes ago
.@TheNCUA's Larry Fazio: W/ 1/3 of CUs having less than $10M in assets and 2/3 of CUs having less than $50M in assets...(1of2)
7 minutes ago
Sen. Crapo: "There is bipartisan support for creating a regulatory environment where small financial institutions can thrive."
30 minutes ago
PCUA, Pittsburgh FHLB pursue cooperative benefits, Part 2 #NewsNow
37 minutes ago
.@SenateBanking hearing on small fin. institutions, featuring @CUNA and @TheNCUA testimony, will begin at 10 am
43 minutes ago