|August 6, 2014|
|Data breaches affect nationwide restaurant chains|
The restaurant chain P.F. Chang's
China Bistro said Monday a security breach first reported in June may
have led to the theft of customer data from credit and debit cards used at 33 restaurants including three Florida locations in Winter Park, Palm Beach Gardens, and Clearwater.
intruder may have stolen card numbers and possibly names and expiration
dates of customers' credit and debit cards used over the course of
about eight months. But the chain has not determined that any specific card holders' data was stolen.
In Monday's statement, the chain updated its progress in investigating the breach. The
security breach of its card processing systems occurred between
Oct. 19, 2013, and June 11, 2014, one day after the Secret
Service made the company aware of the breach.
Additionally, multiple U.S. financial institutions have reported a possible pattern of
fraud that indicates nationwide sandwich chain Jimmy John's may be the
latest retailer dealing with a breach involving customer credit card
data, according to KrebsOnSecurity.
The Champaign, IL.-based Jimmy John's told Krebs it is working with the proper authorities and investigating the situation.
The unauthorized card activity witnessed by various financial
institutions contacted by Krebs is tied to so-called "card-present"
fraud, where the fraudsters are able to create counterfeit copies of
stolen credit cards.
Click here for more on the P.F. Chang breach.
|100 million memberships reached at CUs nationwide|
Credit unions have reached and surpassed 100 million memberships nationwide – equating to one in every three Americans.
The 100 million memberships count is based on data collected from credit unions and compiled by CUNA in its June 2014 “Monthly Credit Union Estimates.” CUNA estimates that credit union memberships expanded by 2.9 percent in the past year (June 2013 to June 2014), and the 100 million mark was eclipsed in June.
This represents a continuation (and acceleration) of trends previously reported: In 2013 memberships expanded by 2.5 percent and in 2012 memberships grew 2.1 percent. CUNA expects the membership growth to continue in the second half of 2014 and exceed the full-year growth of the previous year.
Credit unions added a total of 2.85 million additional memberships over the past year - the largest reported increase in more than a quarter century. And, in percentage terms, the 2.5 percent increase was the fastest since 2000, according to the CUNA analysis.
“Clearly, there is growing recognition for credit unions among consumers,” said CUNA President and CEO Bill Hampel. “They increasingly understand that a credit union places their interests above all else, particularly in returning financial benefits to consumer members in the forms of lower rates on loans, higher returns on savings, and lower and fewer fees.” He added that, in 2013, those financial benefits totaled more than $6 billion.
Hundreds of credit union members have shared their credit union story with their photo on the America's Credit Unions website and social media to show they are part of an organization that focuses on their best financial interests.
To learn more about the 100 million credit union memberships nationwide milestone click here.
|62 CUs to pay total $57,750 for late-filing penalties|
Sixty-two credit unions were identified by the National Credit Union
Administration (NCUA) as being subject to civil money penalties for the late
filing of their first-quarter call reports and all 62 have consented to
those penalties, the NCUA announced Tuesday.
Those late filers will pay a total of $57,750 in penalties, with
individual penalties ranging, from $150 to $20,000. The
median fine was $243. Under federal law any funds from civil money
penalties must be sent to the U.S. Treasury.
Of the 62 credit unions paying penalties in the first quarter, 38 have
assets below $10 million, 18 have assets between $10 million and $50
million, and 6 have assets between $50 million and $250 million.
of credit unions that filed late and that have agreed to pay civil money
penalties is available online here.
|Save the dates and make miracles!|
Miracle Jeans Day - Sept. 10
Miracle Jeans Day is one of the next Credit Unions for Kids' national fundraisers. Encourage your employees to donate $5 to wear jeans on Sept. 10. With a $25 donation, employees will receive a free Miracle Jeans Day t-shirt, specially designed for credit unions. This year, CU4Kids also has preprinted stickers and special FREE paper icons specifically designed for Miracle Jeans Day, so members can celebrate too!
Be sure to register your credit union today, so your participation can be recognized. A big THANK YOU to the credit unions already registered to participate, including Florida State Employees Federal Credit Union and USF Federal Credit Union in Florida.
Shop for Miracles - Oct. 16
NEW FOR 2014! Shop for Miracles is the newest Credit Unions for Kids' national campaign. This one-day fundraiser takes place on Oct. 16 as an exciting and innovative way to celebrate the World Council of Credit Union's International Credit Union Day at your credit union!
The concept is simple: each time members use their credit union issued debit and/or credit card your credit union will donate $0.25 (or other designated amount) on International Credit Union Day to your local CMN Hospital. Click here to learn more and pledge to participate!
|LSCU & Affiliates Media|
I give because...Brad Green, Listerhill Credit Union
Listerhill CU CEO Brad Green talks about why he gives to the LSCU PAC.
I give because...Gary Vien, Suncoast Credit Union
Suncoast CU Chief Administrative Officer Gary Vien talks about why he gives to the LSCU PAC.
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