WASHINGTON—A group of financial industry trade associations, including CUNA, NAFCU and the American Bankers Association, has sent a joint letter to Congress regarding data security.
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GERMANTOWN, Penn.—The $273-million Mid-Atlantic FCU has named Andrew P. Russell as its new president/CEO. Russell replaces Rick Wieczorek, who departed in mid-2014 to become CEO of the $548-million National Institutes of Health FCU in Rockville, Md.
WASHINGTON—Tom Ridge, the first secretary of the U.S. Department of Homeland Security, will be a keynote speaker at the 2015 CUNA Governmental Affairs Conference in March, the trade association said.
ST. LOUIS—A retailer has won a court ruling against a payments processor and a merchant bank, with a $500,000 cap set on how much it must pay for a POS breach the company suffered in 2012.
ALEXANDRIA, Va.–Of the 47 federally insured credit unions filing late Call Reports in the third quarter, 31 have been assessed civil money penalties by the NCUA.
LENEXA, Kan.—CommunityAmerica Credit Union is paying a bonus divided to members of $6 million.
SAN FRANCISCO—A new report outlines what it calls a “market-sizing for the bill payments business,” and includes strategies for upgrading and marketing bill payment services to win over “four critical segments.”
SILVER CITY, N.M.—Members of Chino Federal Credit Union will soon vote on whether to merge into First Financial Credit Union in Albuquerque.
ST. PAUL, Minn.—With the support of a generous contribution from Rich Gabrielson, a certified public accountant who worked with Minnesota credit union supervisory committees, boards of directors and management throughout his 36-year career, the Minnesota Credit Union Foundation (MnCUF) said it has established the Financial & Audit Professionals Grant Fund.
PEARL CITY, Hawaii—The $538.1-million Hickam Federal Credit Union has purchased a Central Oahu property for $14.2 million, with plans to build a new branch that could end up being its new headquarters, according to a spokesperson.