Many of the financial challenges facing credit unions in 2015 are carrying over from 2014 and earlier.
Sources provide conflicting reports regarding CMG's alleged announcement of cuts to CUNA, leagues and other affiliate organizations.
Establishing an effective fraud prevention policy will be among the topics discussed.
CUNA Mutual reports more than a dozen credit unions have suffered losses behind cybercriminals posing as members.
Company warms credit unions to be aware of scams involving home equity lines of credits and wire transfers.
Online tool targets a credit union’s risk awareness in several areas.
Strong internal controls are just one source of prevention.
From 2009 to 2013, 46% of claims paid involved employee dishonesty, the company said.
In 2014, 73% of companies have the necessary safeguards in place, compared to 67% in 2013.
CUNA Mutual Group expert advises credit unions to ensure mobile and face-to-face channels are in sync.