REGULATING AGENCY: North Carolina Credit Union Division
- Rose Conner, Administrator
- Website: nccud.org
LEAGUE: Carolinas Credit Union League
PRIVATE SHARE INSURANCE: No
STATS: (As of June 2021)
Total Number of Credit Unions: 63
- TOTAL # SCUs: 30
- TOTAL # FCUs: 33
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 48%
Total Assets: $74,350,532,772
- TOTAL $ SCU ASSETS: $55,188,000,528
- TOTAL $ FCU ASSETS: $19,162,532,244
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 74%
Total Members: 4,694,191
- TOTAL Members SCUs: 3,083,990
- TOTAL Members FCUs: 1,610,201
- SCU % OF TOTAL (SCUS/STATE TOAL): 66%
FUN FACT: North Carolina was one of the first states in the U.S. to establish a state symphony. The North Carolina Symphony, founded in 1943, currently performs nearly 185 full-orchestra concerts each year.
RALEIGH, NC–North Carolina Governor Roy Cooper’s July 2 signing of H238, Prohibit Possession of Skimming Device added a measure of fraud mitigation for citizens and serves as reminder for credit unions and consumers in general to remain vigilant of risk and fraudster creativity.
As reported in Monday’s edition of The Advocate (NC), the bill by Rep. John Torbett (R-Gaston) categorizes as a Class I felony the simple possession of scanning devices to access, read, obtain, memorize, or store information from an individual’s financial transaction card—like a debit or credit card—with the intent to defraud.
“The League has long sought measures at state and federal levels to stop consumer data breaches, including ways to attack such use of skimmers, and applauds Rep. Torbett for this long-overdue bill,” VP of Governmental Affairs Evelyn Hawthorne noted Monday. The League had suggested similar language in 2019 to state lawmakers as they assembled that year’s version.
Click here to take a look at the stories that have been collected over the years in North Carolina.
What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!