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ALEXANDRIA, Va.—Pentagon Federal Credit Union’s “Promise Visa” card is the only card to receive an A+ rating out of more than 800 balance cards that were rated on an A-F scale by MagnifyMoney.com.

WASHINGTON—CUNA Chief Economist Bill Hampel has been promoted to chief policy officer.

RALEIGH, N.C.—The $29-billion State Employees’ CU is looking to spend $1.5 million for naming rights to an outdoor plaza in the heart of Asheville, N.C.

ST. PAUL, Minn.—The Minnesota Credit Union Network said it has now collected nearly 600 stories from credit union members across the state as part of its “Why I Love My Credit Union” video campaign.

WASHINGTON—CUNA reported it has set a record in providing financial support to credit union supporters as the midterm elections approach, with approximately $5.6-million having been spent to date.

NEW YORK—The growing number of high-profile data breaches has now made cyber-risk one of the top five concerns among financial institutions worldwide, a new survey reports.

NEW YORK—The growing number of high-profile data breaches has now made cyber-risk one of the top five concerns among financial institutions worldwide, a new survey reports.

A study by the Depository Trust & Clearing Corporation (DTCC) shows a record 84% of respondents in DTCC’sSystemic Risk Barometer identified cyber-risk as one of their top five concerns, an increase of 25 points since the last survey was conducted in March 2014.

Thirty-three percent of respondents, as well, ranked cyber-attacks as the number one systemic risk to the broader economy, up from 24% from March 2014.

“No institution – large or small, public or private – is immune to a potential cyber-attack,” said Mark Clancy, DTCC corporate information security officer. “All of us need to become agile in response to these rapidly evolving threats by being able to share information about attackers’ activities between multiple stakeholders and shifting the model from individual institution’s static defenses to dynamic community responses. This shift requires both the maturation of operational capabilities and public policy frameworks to be successful.”

DTCC has issued a white paper, Cyber-Risk: A Global Systemic Threat, that delivers recommendations to strengthen resiliency from cyber-attacks.

LOS ANGELES—While former NBA star Magic Johnson talked plenty of business during his remarks at the California/Nevada league’s annual meeting, he made plenty of references to his basketball life and his position as an owner in the Los Angles Dodgers, as well. 

MEDFORD, Ore.—A new analysis indicates that it is very difficult for financial institutions to build a social media community, but credit unions are having an easier time than banks.

NEW ORLEANS—Some 143 employees of ASI FCU and ASII (A Shared Initiative, Inc.) volunteers their time at 10 local non-profit organizations throughout southeastern Louisiana on Columbus Day, when staffers used the off-day to give of the time.

TALLAHASSEE, Fla.—Seeking to boost participation in elections, First Florida Credit Union here said the first 50 of its members who vote on Election Day and display an “I Voted” sticker at its Capital Circle Branch here will receive a free, autographed hardcover copy of Bob McKnight’s memoirs “The Golden Years…The Florida Legislature, ’70s and ’80s.”