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September 22, 2014

Nussle takes helm of CUNA today

Washington
Jim Nussle today formally begins his tenure as president/CEO of CUNA, the nation's largest advocacy group for credit unions. ReadMore

Home Depot 2nd-largest breach with 56M compromised cards

CU System
Home improvement retailer Home Depot confirmed last week that the recent five-month data breach compromised 56 million credit and debit cards--second only behind the Heartland Payment Systems breach in 2009. But what does this mean to the average consumer? ReadMore

How CUs use FHLBs in their operations, Part 3

CU System
Federal Home Loan Banks, a system of 12 regional cooperatively owned institutions, offer a number of products that can potentially help financial institutions grapple with liquidity, interest-rate risk and investments, among other operations. ReadMore

Comments on customer due diligence, fixed assets, Reg. C due in Oct.

Washington
Comments on proposals from the National Credit Union Administration, Consumer Financial Protection Bureau and the U.S. Treasury's Financial Crimes Enforcement Network are due during the month of October. ReadMore

Co-op model foundation for NW CUs' success

CU System
Credit unions in two Northwest states recently earned media coverage for their robust growth rates--success built as a direct result of the cooperative business model, according to Troy Stang, president/CEO of the Northwest Credit Union Association. ReadMore

Calif. ride-sharing law protects CU collateral

CU System
California Gov. Jerry Brown signed legislation Thursday that will require Transportation Network Companies such as Uber and Lyft to buy at least baseline insurance on their vehicles. The new law will address concerns held by credit unions who have been on the line for reductions in collateral value when the cars those businesses use are involved in accidents. ReadMore

Gartner: 75% of mobile apps will fail security tests through 2015

CU System
By 2015 more than 75% of mobile applications will fail basic security tests, placing a security risk not only on personal but business data, according to new data from Gartner Inc. ReadMore
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