Learn the best steps for preventing internal fraud – and how to effectively respond if it occurs.
Fraud contributed to more than 40% of federally insured cooperatives closing their doors forever.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
Establishing an effective fraud prevention policy will be among the topics discussed.
Although the NCUA recently announced it is developing new exam procedures to improve the identification of fraud risk indicators, especially at small institutions, experts agree fighting fraud requires a team effort that includes active boards, strong supervisory committees and stiff internal controls.
Team effort, some tips from NCUA, CUNA Mutual as seminar set for Thursday.
The NCUA told Credit Union Times Oct. 30 it is currently developing new exam procedures to improve the identification of fraud risk indicators, especially at small institutions.
Fraud prevention starts at home, but there's some fear of Washington, too.
Michigan CUSO serving 137 credit unions on FraudNet service.
Clearly, the challenge of fraud prevention in the banking industry continues to be paramount in the minds of institutions and consumers alike – and the cost and implications don’t stop there.