Crime Fighters Get Training
More credit unions around the country are having at least their senior security officers obtain certification as recognized financial crime investigators as they attempt to both counter existing crime threats and prevent future criminal activity.
Certification as certified financial crimes investigators comes from the International Association of Financial Crime Investigators and certified investigators include law enforcement and government officials along with executives of banks, insurance companies and, increasingly, credit unions, according to Thomas Nash CFCI, senior risk management analyst with the 100,000 member, $1.4 billion American Eagle Federal Credit Union and a trainer for the association.
Cathy Forier, supervisor of corporate security at the 70,000-member, $731 million Charter Oak Federal Credit Union was the latest credit union executive to obtain the certification and described the process as significantly expanding her knowledge about financial crime and financial crime fighting.
“I learned many things that I hadn’t known before,” she reported, adding that she had taken the self-study course seriously, putting in several hours of study every night for 90 days before taking the exam. “I learned about the different kinds of fraud than I had been familiar with before,” she added, “how to recognize them and what to do about them.”