As Breach Costs Rise, A Look At What To Prepare For In 2019 12/12/2018 07:49 pm WASHINGTON–The average total cost to defend against and recover from a data breach reached nearly $3.86 million per incident, according to a new report that lists biggest cyber trends businesses should prepare for in 2019.
Credit Unions Kids At Heart Set Record For One-Day Donations 12/12/2018 07:49 pm BURLINGTON, Mass.–Credit Unions Kids at Heart announced it received a record $174,975 in donations in one day on Nov. 27, 2018, thanks to a wide network of “dedicated donors and a generous #GivingTuesday match.”
eDOC Innovations To Roll-Out Real-Time Posting For Mobile RDC Items 12/12/2018 07:50 pm MIDDLEBURY, Vt. – eDOC Innovations, a provider of check imaging products, reported it is preparing to roll-out real-time posting for mobile RDC items.
NCUA Board Lowers NCUSIF's NOL; Gets Update on Reg Reform 12/13/2018 11:49 am ALEXANDRIA, Va.–During its meeting here, the NCUA board voted to slightly lower the Normal Operating Level of the NCUSIF and voted to publish the second report from its Regulatory Reform Task Force.
Ravalli County FCU Pays Out Its First-Ever Year-End Dividend 12/12/2018 07:51 pm HAMILTON, Mont.– For the first time in its 61 years, Ravalli County FCU here is paying a patronage dividend to its members.
FASB’s CECL Standards To Have Negative Impact, Congress Is Told 12/12/2018 07:51 pm WASHINGTON—The Financial Accounting Standards Board's (FASB) current expected credit loss (CECL) standard will have a negative impact on community-based financial institutions, said witnesses and lawmakers during a House Financial Services subcommittee hearing this week on the subject.
Hampton Roads Educators' to Use Grant to Improve Website 12/13/2018 11:31 am HAMPTON, Va.--Hampton Roads Educators’ Credit Union (HRECU) has been awarded a $10,000 grant to improve member experience with an updated website featuring a responsive design, simplified menu and navigation and the addition of a blog focusing on financial education.
How Legit Is Letter From Progressive Insurance Requesting W-9 Form? 12/12/2018 07:52 pm ARLINGTON, Va.—Many credit unions have been receiving a letter from Progressive Insurance asking them to fill out and return the IRS W-9 form—but should they comply?
NAFCU Pushes Congress To Grandfather Tax Treatment 12/12/2018 07:52 pm WASHINGTON—As the House this week continues work on its tax extenders and packages of fixes (H.R. 88), leaders of the tax-writing committee are being urged to provide a technical fix to the Tax Cuts and Jobs Act (TCJA) so a 21% excise tax is not imposed on certain not-for-profits in any year-end tax bill.
Trades Respond To NCUA Lowering NOL 12/13/2018 12:24 pm WASHINGTON – After the NCUA board Thursday approved decreasing the National Credit Union Share Insurance Fund's normal operating level (NOL) from 1.39% to 1.38%, both CUNA and NAFCU applauded the move.
