Municipal Credit Union Receives full PCI DSS compliance certification
First New York Credit Union with more than $1 billion in assets to achieve full compliance
NEW YORK, NY (January 12, 2016) — In a continued effort to protect member data and mitigate risk, Municipal Credit Union (MCU) announced it has received certification of full Payment Card Industry (PCI) Data Security Standard (DSS) compliance for its account management, issuing, and ATM systems. With this certification and the implementation of PCI DSS v3.1’s mandated cardholder protection standards, MCU becomes the first credit union in New York State with assets of more than one billion dollars to achieve full PCI compliance for its systems as mandated by the PCI DSS council.
“Protecting our members is a top priority for MCU, and becoming PCI-compliant is one way in which we will carry out this ongoing commitment,” said MCU President/CEO Kam Wong. “We strongly encourage retailers and merchants to ‘follow the lead’ of financial institutions, such as ours, and adhere to the same data security standards we currently follow. Collectively, these steps will go a long way in ensuring that member data remains safe and secure.”
The certification of full compliance was issued in December 2015 by Fortrex Technologies, Inc., a PCI Security Standards Council (SSC) approved Qualified Security Assessment (QSA) Firm. MCU began the process of becoming PCI compliant in 2013, and has successfully implemented PCI DSS v3.1’s mandated cardholder protection standards. MCU will conduct annual assessments to ensure that it continually meets PCI requirements going forward.
About Municipal Credit Union
Municipal Credit Union is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and headquartered in New York City, today MCU has assets of more than $3.0 billion and offers a full range of financial services to its more than 550,000 members. MCU is an equal opportunity lender, and deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Municipal Credit Union, visit www.nymcu.org.
