Credit unions who made claims under the Home Depot data breach settlement will begin receiving settlements payments from the company starting in January. A settlement was approved in September that included the creation of a $25 million fund by Home Depot and an agreement to strengthen its future data security measures.
Upon learning recently that three area mills were closing--leaving hundreds of community members without work--two Shelton, Wash.-based credit unions stepped up in a major way to help the affected employees grapple with the trying time.
Under the headline "Credit Unions, Taxes, and Dishonest Bankers," Ryan Ellis wrote in Forbes that banks' attacks on the credit union tax status aren't "about fairness, or tax reform, or even good public policy."
As recent and devastating floods affect areas throughout Texas and Oklahoma, the National Credit Union Administration announced Thursday that it is working with federally insured credit unions in those areas to ensure continuity of service.