University Federal Credit Union

University Federal Credit Union (UFCU) operates as a financial cooperative that provides banking services to its members. As a credit union, its core offerings include savings accounts, checking accounts, loans, and other typical consumer financial products. The organization serves individuals who are eligible for membership based on the common bond defined by its charter. While the prompt does not list the exact fields of eligibility, the name suggests an affiliation with a university community. UFCU’s headquarters is located in the United States of America, as indicated in the provided context.

The source material does not disclose specific quantitative details about the organization's size, such as total assets, member count, or number of branches. Therefore, any description of its scale or market reach must be omitted rather than guessed. What is explicitly stated is that the organization suffered a data breach on May 7, 2023, related to the MOVEit Transfer vulnerability. That incident exposed personal information, including names and financial account details, for over 102,000 individuals.

Being designated a federal credit union means UFCU is subject to oversight by the National Credit Union Administration (NCUA) in the United States. This regulatory status distinguishes it from state‑chartered credit unions and places it under a federal framework designed to ensure safety and soundness. The organization's response to the 2023 breach included offering affected persons a twelve‑month subscription to credit monitoring and identity theft protection services through Experian. That action reflects a customary approach to mitigating harm following a data exposure incident.

No information about parent companies, subsidiaries, or ownership structure is provided in the prompt or the cited source. Consequently, any description of corporate affiliations or hierarchical relationships would be speculative and is therefore omitted. The profile concludes with the confirmed facts that UFCU is a U.S.–based federal credit union that experienced a notable data breach in 2023 and offers standard credit‑union services to its members.