New Horizons Community CU Takes Action After Potential Data Breach; Members Informed of Protections

April 11, 2007

Press Release

New Horizons Community Credit Union (NHCCU), a state chartered federally insured credit union located in Denver, Colo., and operating under conservatorship of the National Credit Union Administration, is notifying members of a potential breach of confidential member loan information. The potential breach results from the theft of a laptop computer from Protiviti, a consultant employed by Bellco Credit Union conducting due diligence to prepare a possible acquisition bid.

There are no indications at this time that any identity fraud, theft, or other harmful activity has occurred. All member accounts at NHCCU remain safe and sound, and members. savings are federally insured.

On April 3, the NCUA Region V Office and the Colorado Division of Financial Services were alerted of a potential data security breach involving the loan account information of approximately 9,000 of NHCCU.s 19,500 members. The stolen computer contains information pertaining only to members who had loans with the credit union. The computer was protected by two layers of security, a unique user-identifier and a multiple-character, alpha-numeric password.

NHCCU is notifying all members by letter regarding the potential data breach. The notification letters clearly indicate those who may be impacted. Additional actions have been taken to assist the affected members in obtaining free credit reports, monitoring their credit reports, and obtaining additional information through a toll-free number.

The National Credit Union Administration charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the accounts of over 85 million account holders in all federal credit unions and the majority of state-chartered credit unions. NCUA is funded by credit unions, not federal tax dollars.

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