CUNA Survey Finds IT Security atop Spending List

A new CUNA survey finds that security should continue to lead the way in credit union IT budgets over the next three years.

Forty-seven percent of 581 respondents cited IT security as one of their top three technology spends, followed by business continuity planning at 39% and risk management compliance / automation and expanding e-commerce activities tied at 34%.

The responses to the 2008-2009 CUNA Technology and Spending Report came from 3,000 credit unions with $1 million or more in assets invited to participate in the survey, conducted online and by mail from November 2007 to January 2008.