Recent Articles

Home Depot breach

On September 2, 2014 the retail merchant, Home Depot, began an investigation after the company received reports from its banking partners and law enforcement that criminals may have hacked its payment data systems.

On September 8, 2014, Home Depot officially confirmed a data breach. They have indicated that the unauthorized access to its systems could potentially impact any customer that has used their payment card at their U.S and Canadian stores since April, 2014.

Heartbleed Bug Update

The widespread Heartbleed Bug is a vulnerability in the open-source OpenSSL cryptography library that was announced on April 7, 2014. This issue allows attackers to gain access to usernames and passwords, pose as legitimate websites to bait users into revealing personal information, and compromise a user’s web session to pose as that user.

Credit Unions' Tax Status Well Deserved

Credit unions were created to provide financial services in a democratic, not-for-profit, cooperative manner—that is, with member ownership and control. Those unique characteristics are the foundation of the tax exemption. You may not even realize that your credit union doesn't pay federal and corporate income tax.

Some bankers and their trade associations are asking legislators to tax credit unions, even though it was only banks that needed and took huge government bailouts. And the truth is, a tax hike on credit unions would be a tax hike on all American consumers.