America’s Credit Unions Press Archives

Updated results show Target breach costs credit unions more

(February 13, 2014) -- The Credit Union National Association (CUNA) has updated its projections on the cost of the Target stores data breach, estimating that credit unions have thus far incurred costs of $30.6 million, and reissued around 4.6 million credit and debit ...

CUNA diversity assessment standards comment letter

February 7, 2014 Mr. Gerard Poliquin Secretary of the Board National Credit Union Administration 1775 Duke Street Alexandria, VA 22314-3428 Re:      Proposed Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity Policies and Practices of Regulated Entities Dear Mr. Poliquin: This letter reflects the ...

Grassroots Effort via social media earns honors for CUNA

WASHINGTON, DC (February 5, 2014) -- The Credit Union National Association (CUNA) – the nation’s largest advocacy group for credit unions – has been awarded a “grassroots Innovation award” from the Public Affairs Council for the association’s outreach through social media to help energize public ...

CUNA testimony on Target data breach

(February 3, 2014)-- Chairman Warner and Ranking Member Kirk: On behalf of the Credit Union National Association (CUNA) and America’s credit unions, I am writing today to thank you for holding today’s hearing entitled “Safeguarding Consumers’ Financial Data.” CUNA is the largest ...

CUNA statement on State of the Union Address

The Credit Union National Association President and CEO Bill Cheney issued the following statements in response to President Obama's state of union address Tuesday: On Tax Reform “Nothing in the president’s remarks indicate that the credit union tax status is under any more scrutiny ...

CUNA letter to Congress on Target data breach

Dear Representative: The recent data breach at Target and other retailers has launched an important conversation about what happens during data breaches, why they happen, who is impacted, who is liable and who should be held responsible.  I know that this is an issue many ...

Target breach has already cost credit unions up to $30 million

(January 22, 2014) -- The Target stores data security breach has already cost all credit unions between $25 million to $30 million  – and those substantial numbers are expected to rise in coming weeks as more of the cooperative financial institutions report their costs and as ...

CUNA’s comment letter on NCUA’s proposed Strategic Plan

(January 17, 2014) -- This letter represents the views of the Credit Union National Association on the National Credit Union Administration Board’s proposed Strategic Plan for 2014-2017.  CUNA is the largest credit union advocacy organization in the country, representing state and federal credit unions, ...

CUNA statement on Interchange Hearing

Comment from CUNA General Counsel and EVP Eric Richard On appeals court hearing today on Fed interchange rules “We are very encouraged by today’s hearing, as it shows that the court will be taking a hard look at U.S. District Court Judge Richard ...

Key congressional leaders join speaker slate

WASHINGTON, D.C (January 15, 2014) -- Key credit union supporters and leaders in Congress have signed on to speak at the CUNA Governmental Affairs Conference (GAC), Feb. 23-27 in Washington, D.C. at the Washington Convention Center. The CUNA GAC annually draws about 4,...

CUNA statement on Target breach

(January 14, 2014) -- The Credit Union National Association President and CEO Bill Cheney released the following statement after news that Target Corp. revealed that their recent data breach was caused by malware on POS devices. “We think Target’s concern for consumers is commendable, ...