A U.S. Treasury Department report released this week says banks and credit unions are set to support home security cameras with credit union credit cards.
The report was released as the Federal Reserve prepares to release its next fiscal year budget and includes a provision allowing for federal financing for the deployment of security cameras by federally-chartered credit unions.
The new policy, which could come in the form of grants or other programs, will allow security cameras to be used to protect credit union cardholders, according to the report.
It’s the latest effort by the U.F.C. to help support the deployment and management of secure storage.
In 2015, the UF.
Cs’ Home Security program was awarded a $25 million grant from the UBS Global Infrastructure for Security.
In 2016, the program was given another $25.5 million.
In 2017, the government also made a $20 million grant to UBS to expand the use of security technology to protect commercial, industrial and home customers.
In 2018, the Financial Services Roundtable and the Office of the Assistant Secretary for Economic Policy approved the inclusion of the security credit unions in the Federal Credit Union Guarantee Program, allowing the banks to award credit union loans to help secure security cameras for home security use.