The nation's second largest credit union, State Employees' Credit Union, has become the second CU in the country to put computer chips into its credit or debit cards.

The $21.4 billion dollar SECU, based in Raleigh, N.C., cited improving card security as the chief reason for the change over that will take most of 2011 to accomplish.

United Nations FCU announced that it was adding chip and pin, known as EMV technology in Europe, to its credit cards in May 2010.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.