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|The Pulse (09-02-15)|
The Pulse (09-02-2015)
September 2, 2015 ● Volume 04, Issue 35
Credit Union News
As reported in last week’s Pulse, Target Corp. has reportedly reached a settlement agreement with Visa regarding the 2013 Target data breach. Credit unions that issue Visa cards should have received documentation from Visa recently regarding the settlement. Credit unions that do not accept the settlement, and therefore do not agree to release their claims against Target, will still receive a partial recovery automatically under Visa’s Global Account Compromise Recovery program. Those credit unions that do accept the settlement, and sign a release of claims against Target, will recover under both the Global Account Compromise Recovery program and the Alternative Recovery Offer.
According to reports, credit unions have until Friday, Sept. 4 to decide whether or not to accept part of a settlement offer. Credit unions should carefully review any documents received from Visa regarding the settlement.
Last Thursday, lead plaintiffs’ counsel held a conference call to discuss the Target-Visa settlement. More than 400 banks, credit unions and associations joined the call. To listen to the playback, use the following access information: (855) 859-2056, Conference ID: 18281352, Security Code: 31833.
CUNA Mutual Group will hold its sixth annual virtual Discovery Conference on Wednesday, October 21. The online event, free to attendees, will present two keynoters and eight breakout sessions providing industry insight and trends in the insurance and credit union industries.
The conference will offer senior credit union leaders information about mitigating marketplace disruption, connecting with millennial audiences, leveraging new payment technologies, growing membership, lending leadership, providing holistic services, and more.
Globally recognized consulting futurist Bob Treadway will present the opening keynote address titled “Seeing Around the Corner: What Should Credit Unions Anticipate in the Next 3-5 Years.” CUNA Mutual Group Chief Economist Steve Rick will present the closing keynote session, “Beyond Disruption.”
The eight breakout sessions will address these topics:
Attendees can chat online with speakers and leaders to share ideas, participate in a solution center, and win prizes. Select content will be available on-demand after the conference.
“Credit unions told us they need to become more efficient, and grow their membership and market share,” said Mike Defnet, Senior Vice President of Sales and Marketing at CUNA Mutual Group. The conference will provide “a tremendous opportunity to gain real insights from industry experts and learn what’s ahead.”
The event is for credit union CEOs and senior leadership teams. More information and registration can be found on the event webpage.
Your favorite bowling fundraiser is just weeks away! Join the Minnesota Credit Unions for Kids (MnCU4Kids) committee for the Annual Bowl-O-Rama on Wednesday, Oct. 28. This event provides credit union professionals and volunteers the chance to raise money for a great cause and have fun doing it.
All proceeds from this fundraiser will benefit Gillette Children's Specialty Healthcare and its clinics around the state, which help kids with disabilities and chronic conditions. Gillette is Minnesota’s Children’s Miracle Network (CMN) designated hospital.
The Bowl-O-Rama will be held at Stars & Strikes Entertainment Center in Wyoming, Minn. Participants will enjoy lunch, three games of bowling, and prize drawings. Plus, hear from a Gillette family that directly benefits from the contributions made through MnCU4Kids.
Additional information and registration forms will be available soon. With questions, contact MnCU4Kids committee member Marty Kelly.
Credit Unions in the News
Follow the links on the stories below to read more about the outstanding programs, new initiatives and well-deserved recognition received by your peers recently. Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Communications Specialist Laura Whittet.