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FOR IMMEDIATE RELEASE

NAFCU Statement in Response to Data Breach Caused by NCUA Examiner

Washington (Dec. 15, 2014) - National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement today in response to the news that a data breach reported at Palm Springs Federal Credit Union in California was caused by the loss of an external flash drive by a National Credit Union Administration (NCUA) examiner.

"This is unacceptable. NCUA is a steward of credit unions' sensitive information and must be held to the highest standard for safeguarding such data," said Berger."These types of errors have the ability to do great harm to credit unions' reputations and their members' financial well-being. We charge NCUA with taking all steps necessary to review their processes in a transparent way to ensure this type of mistake does not happen again."