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TAKE A STAND AGAINST DATA BREACHES
updated 03/26/14 09:27 PM
Your Attendance at GRR is Vital
As more harmful data breaches similar to the massive Target stores card breach are discovered each month, it’s time for the California state legislature to step up and combat the lack of protections merchants have for consumers’ financial information.

Urging state legislators on this important issue for all credit unions is what industry leaders from across California will undertake during the 2014 Government Relations Rally (GRR) in Sacramento, hosted by the California Credit Union League. This key advocacy and educational event takes place April 7-8.

Your presence is vital in helping explain to lawmakers the inequity in current law surrounding data security protections, notifications, and who pays the bill for merchants’ mistakes.

“As with all legislative pushes of this scope, it’s important that we share our viewpoint on what a good solution looks like,” said Bob Arnould, senior vice president of advocacy for the California and Nevada Credit Union Leagues. “Without credit union input, there is a significant threat of faulty approaches being included in legislation meant to fix the data security problem.”

How much are merchant data breaches costing your credit union? The numbers may be staggering.

State legislators need to hear from credit unions about this high-profile topic so consumers receive the data protection they need, and so credit unions aren’t stuck footing the bill and receiving unwarranted negative media attention.

“Data breaches are more prevalent than ever, and California’s laws need updating to better protect consumers when they swipe their cards," Arnould said.

Your credit union continues to spend time, money, and research on the newest technologies to protect your members’ financial privacy. Are merchants doing the same?

Your help is needed in Sacramento to help spread the word about data security and why it matters to credit unions and all Californians! Please join us on April 7-8.

 
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THE HOME EQUITY OPPORTUNITY IS BACK updated 09/29/14 11:10 AM
However, 1st Mortgage Originations Drop
Even as total real estate loans for California credit unions in the second quarter of this year matched the all-time high in late 2008, it’s a different story for the “other real estate loans” category—primarily home equity loans, which are off by 38 percent.

2014 CU STAFF COMPENSATION SURVEY updated 09/29/14 10:16 AM
Now Available—Order Yours Today
As the economy continues to push forward, credit unions need a trusted employee compensation rulebook they can consult.

PROACTIVE WAYS TO BUILD CU CHAMPIONS updated 09/29/14 10:02 AM
Building Relationships is Vital
Credit union leaders passionate about political advocacy recently met with candidates throughout California and Nevada to show the industry’s support of their campaigns, including Rep. Tony Cardenas, D-CA, Brian Sandoval, governor of Nevada, and Pat Bates, candidate for California State Senate District 36 and current fifth district county supervisor for Orange County.

SUCCESSION PLANNING: CRITICAL AREAS updated 09/29/14 09:37 AM
Meet Your CU’s Needs
What is succession planning? And is there a regulation requiring credit unions to have a succession plan in place?