A Direct Line Blog

Cyber threats are becoming increasingly frequent and sophisticated — and regulators are closely monitoring the situation. As a board director, your oversight sets the tone for how your credit union protects members and manages risk. Read our latest blog to see why cybersecurity is a shared responsibility and what steps boards should take now.

Cybersecurity Is A Top Priority

Credit unions face growing risks from cyberattacks. Protecting member information and keeping systems secure is essential. Regulators like FinCEN have made cybersecurity one of their national priorities, especially around cyber threats and the misuse of virtual currencies.

Your Role as a Board Director

The NCUA has been clear: boards must treat cybersecurity as a core governance responsibility. That means:

• Ensuring senior leadership is focused on cyber risk
• Providing the resources needed for a strong cybersecurity program
• Making sure the program fits your credit union’s products, services, and risk profile

It’s Not Just IT’s Job

Cybersecurity is a shared responsibility. TruStage emphasizes that every department and every individual plays a role in their article Cybersecurity in Credit Unions: A Shared Responsibility for a Trusted Future:

• Compliance officers review policies
• Tellers interact safely with members
• Boards set strategic priorities

Every action contributes to the credit union’s overall security.

Tools and Resources Available

The NCUA Cybersecurity Resources page offers:

• Guidance on reporting incidents
• Assessment tools
• Information to help manage ongoing threats

In its 2025 supervisory priorities, NCUA reinforced that cybersecurity remains a top focus as attacks become more frequent and sophisticated. With greater reliance on networks and technology, the risk of incidents continues to rise.

Board Cybersecurity Checklist

1. Ask the right questions
   • How is our credit union identifying and managing cyber risks?
   • Do we have a plan for responding to incidents?

1. Ensure resources are in place
   • Confirm that leadership has the budget, staff, and tools needed for a strong cybersecurity program
   • Make sure training is available for employees at all levels

1. Stay engaged
   • Review cybersecurity updates regularly at board meetings
   • Use NCUA’s Cybersecurity Resources to stay informed about threats and best practices

Key Takeaway for Boards

Cybersecurity isn’t optional oversight — it’s a leadership responsibility. By asking questions, ensuring resources, and staying engaged, boards help protect members, staff, and the future of the credit union.