Reminder issued to all credit unions to reinforce the importance of filing the 2006 HMDA data to the Federal Reserve by March 1, 2007.

This is an opinion of the NCUA Office of the General Counsel addressing Additional Guidance on Using Automated Valuation Methods

This is an opinion of the NCUA Office of the General Counsel addressing Split Dollar Life Insurance and Nonpreferential Loans

This is an opinion of the NCUA Office of the General Counsel addressing Share Insurance Coverage for Guardian Accounts

This is an opinion of the NCUA Office of the General Counsel addressing Conflict of Interest

Websense® Security Labs™ has received reports of a phishing attack that targets customers of Sun National Bank. Users receive a spoofed email message claiming that they must enroll in the “Challenge Questions Authentication,” and that failure to do so will result in a block on the account. The email provides a link to a phishing site that attempts to collect personal and account information.

This phishing site is hosted in Thailand and was down at the time of this alert.

Phishing Email Text:

This is your 3rd and last notification. You must enroll in our “Challenge Questions” Authentication. Failure to do so will result in blocking your account with Sun National Bank

Sun National Bank is changing the way you sign in to our Online Services to better safeguard the privacy and security of your personal information.

We can identify you by checking the computer(s) that you are using to access our Web site. Typically you will access our Web site from one or two computers, such as your work and home machines. Either way, our Web site will remember your computer, preventing potential fraudsters from logging into your account even if they acquire or guess your Login ID and password. Should you need to login from a different computer, such as an Internet caf?, we will take additional steps to verify your identity, through a series of Challenge Questions you set-up at the time of enrollment

That’s why we’ve been working to implement new security enhancements to help deter fraud and ensure that we are providing you with the highest level of security while you are using our online banking services. In the coming weeks, you will notice a few changes to your online experience.

That is why we introduced “Challenge Questions” verification

Important: You must enroll < LINK REMOVED > in “Challenge Questions” Authentication

Best regards,

Sun National Bank
145 Clinton Street P.O. Box 4047
Delaware City, DE 19706

Phishing Screenshot #1:

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This is an Opinion of the NCUA Office of the General Counsel addressing Board of Director Conflict of Interest.

The continually evolving debate over credit union conversions, and the nature of member requests pertaining to credit union governance and records, have prompted me to direct Agency staff to conduct a review of the mechanism for resolving federal credit union bylaw disputes. Specifically, I want a top to bottom assessment of the standards and practices through which a member relates to their credit union, and recommendations for possible changes in their enforceability.

Websense® Security Labs™ has received reports of a phishing attack that targets customers of Banesco Bank. Users receive a spoofed email message that provides a link to a phishing site that attempts to collect personal and account information.

Phishing screenshot:

Provides notification to all credit unions as to which credit unions must collect HMDA data during 2007. The deadline for submitting 2007 HMDA data is March 1, 2008. The deadline for submitting 2006 HMDA data remains March 1, 2007.