Current laws, regs ensure CU member data is protected

Current laws and examination practices ensure that credit unions members private information is properly protected, CUNA wrote Tuesday to the Senate Commerce Committee. CUNA’s letter was sent to committee leadership for the record its hearing on safeguards protecting consumer data privacy. “Privacy and the use consumers’ personal information is likely to a major issue for technology, fintech […]

Current laws and examination practices ensure that credit unions members private information is properly protected, CUNA wrote Tuesday to the Senate Commerce Committee. CUNA’s letter was sent to committee leadership for the record its hearing on safeguards protecting consumer data privacy.

“Privacy and the use consumers’ personal information is likely to a major issue for technology, fintech and other companies moving forward. Any consideration of a national privacy legislation should also include serious discussion on data security and breach notification,” wrote CUNA President/CEO Jim Nussle. “Keeping information secure should be the top priority as stolen information circumvents any  law or regulation prescribing how information can be used.”

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About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

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