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In the Media
Oct. 21 - Nov. 3, 2014
This collection of positive news about credit unions and their activities is assembled from a variety of sources on the Internet and from credit union submissions. Note: links used here are external and the League does not control their expiration dates. To share news from your Indiana credit union: send story links to Kay Neidlinger. You can also read more about credit union's community service efforts--and contribute information at the Commitment to Change website
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Indiana Credit Unions in the Media
Source: Credit union submissions and Internet news reports. Some stories may require passwords for access.
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Indianapolis Business Journal - by Jared Council 11/1/2014
This story focuses on Financial Center FCU. Other credit unions are also mentioned. League President John McKenzie comments, along with Financial Center FCU's Kevin Ryan (pictured) and Eli Lilly FCU's Rich Jones.
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WXIN - Fox 59 - 10/30/2014
FORUM CU's Andy Mattingly appears on Fox 59's "Money Matters."
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Inside Indiana Business - 10/28/2014
This story features Financial Health FCU CEO Chris Wardrip
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Elkhart Truth - by Judi Lentz 10/29/2014
Interra CU's Amy Sink was the featured speaker at the Oct. 24 meeting of the Goshen Rotary Club. A summary of some of her comments is featured in this story.
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Valpo Life - by Pam Antonetti 10/29/2014
REGIONAL FCU's VP Branch Development Analisa Warring is featured.
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KPC News - 10/29/2014
Beacon CU's Credit Unions for Kids campaign is the feature of this story. (Password/subscription required)
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Credit Union Journal - by Aaron Passman 10/22/2014
The newly named "Thrive Credit Union" is the feature of this story. President/CEO Brett Rinker comments and is pictured.
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Valpo Life - 10/21/2014
REGIONAL FCU is sponsoring this event
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Credit Union Journal - 10/21/2014
Chris Wardrip, and his selection as the recipient of the Cooperative Hero Award, is the feature of Slide #4.
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Credit Union Journal - 10/21/2014
Slide #13 - Indiana Members Foundation's school supply drive is featured.
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National and Wide-Reaching Coverage
Source: Credit Union National Association and other national sources. Some stories may require passwords for access.
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Consumer Affairs - by Jennifer Abel 10/30/2014
CUNA said that fraud accounted for 60% of the total cost to credit unions in the Home Depot data breach, averaging $4.89 per card. But that means that even had this been a best-case security breach, with all 7.2 million of those cards cancelled before being put to any fraudulent use, it still would've cost roughly $3.13 to re-issue each card, and pay staff to notify members and monitor accounts to ensure no fraudulent activity; the best-case scenario still would've cost credit unions over $22.5 million.
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The Hill - by Kevin Cirilli 10/30/2014
Credit unions spent $60 million following the data security breach at Home Depot in September - twice as much as the recent Target data breach, according to a CUNA survey published Thursday. Credit unions and banks had to reissue consumer cards that were breached, with current laws stipulating that they're responsible to pick up the costs.
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Housingwire - by Trey Garrison 10/30/2014
The CUNA survey, which asked credit unions to report the effects of the Home Depot breach, found that 7.2 million credit union debit and credit cards were affected by the breach. The results further show that the cost of the violation per card issued by credit unions was $8.02, which included costs for reissuing new cards, fraud and all other costs - such as additional staffing, member notification, account monitoring and others.
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New York Times - by Jim Nussle 10/26/2014
CUNA's Jim Nussle weighed in on a New York Times editorial and let readers know that credit unions are an alternative to predatory payday lenders. "It's unfortunate that quick, short-term access to money is needed today by some people, but they shouldn't be ripped off in the process. Credit unions demonstrate that access to this credit doesn't have to be predatory."
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NBC News - by Herb Weisbaum 10/29/2014
In response to a study by Pew Charitable Trusts regarding checking accounts for members of the military, CUNA's Jim Nussle said, "there is always room for improvement," but said that any calls for additional regulation of credit unions "is premature, if not outright unwarranted."
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The Wall Street Journal - by Sarah Portlock 10/29/2014
The Federal Reserve on Wednesday announced the end of its long-running bond-buying program. CUNA's Bill Hampel said: "Since today's announcement of the end of quantitative easing is simply the last installment of a winding down process that began last December, it should have no significant impact on financial markets or the economy. The fact that the economy has built momentum during the tapering period is a good sign for the economic outlook going forward."
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Washington Business Journal - by Mark Holan 10/24/2014
The publication highlights how CUNA's contribution to the midterm elections - nearly $6 million - is about twice as much as the American Bankers Association has disclosed.
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Indiana Credit Union League
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Indianapolis, IN 46250 |
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