SAN FRANCISCO – Credit unions have experienced losses as high as seven figures due to fraudulent transfers, loans and online transactions, CUNA Mutual expert says.
Paul C. Smith, former president of the recently merged Laclede Community Credit Union, admits he stole $60K.
A former Suncoast FCU teller receives a three-year prison sentence for her role in a fake IRS refund check scheme.
Two former CU employees, a wholesale auto vendor and an ID thief face justice.
Two former president/CEOs are among those whose credit union careers are finished.
Indianapolis man accused of bilking more than 5,000 investors.
Email fraud appearing to be from a big bank pitches 15% yield, claiming an international partner.
Credit unions saw 16% of their cards hit by fraud in 2013, compared to 12% for community banks and 14% for large banks.
Court charges Michael Dicenzo with tax fraud for accepting kickbacks for loan approvals.
Former Jayhawk FCU manager Karolyn Stattelman pleads guilty to stealing $93.5K and helping teller steal $81K.