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August 21, 2014

Data breaches cost consumers average of $157: W. Va. league webinar

Nearly 40% of data breaches come from inadvertent misuse of data by employees, according to a cybersecurity webinar held Wednesday. ReadMore

Bank of America agrees to record $17B settlement in MBS case

Bank of America has reached a record $17 billion settlement with federal and state authorities, according to an Associated Press report citing officials it says are directly familiar with the matter. ReadMore

Calif., Nev. catching up with robust loan growth

CU System
Loan growth at California and Nevada credit unions has surged recently, with both states posting numbers that haven't been recorded since before the Great Recession. ReadMore

Save to Win hits $1M in savings at 6 Wash. CUs

CU System
Credit unions in Washington offering the Save to Win program achieved the major milestone of taking in more than $1 million in deposits. ReadMore

CU CEO confidence continues upward trend

CU System
Strong financial conditions and expectations have driven credit union CEO confidence to its third quarterly increase, according to Catalyst Corporate FCU's survey. ReadMore

Sen. Merkley talks to CUs about raising MBL cap, keeping CU tax status

Sen. Jeff Merkley (D-Ore.) met with members of the Northwest Credit Union Association last week, sharing several items on his legislative agenda that would benefit credit unions. ReadMore

CUNA supports NCUA appraisal rule, seeks technical changes

CUNA generally supports the National Credit Union Administration's proposed changes to appraisal requirements, according to a comment letter filed Tuesday. The plan would expand the current exemption in existing appraisal regulations to allow credit unions to refinance or modify a real estate-related loan in a declining housing market without having to obtain an additional appraisal. ReadMore
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.@SCTelco_FCU among best places to work in S.C. via @TheCCUL
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#IceBucketChallenge in D.C. today: @HampelBill with help from some @CUNA staff
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P2P mobile payments draw millennials' interest via @BloombergNews
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#creditunion CEO confidence continues upward trend #NewsNow
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.@NJCUL to hold info session for #cugreenloans in Sept. See #NewsNow
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