Former IT VP steals and resells computer equipment and spends funds on family luxuries.
Next month, CO-OP will offer CardNav, which will allow cardholders to control card use and security.
Alerts follow NCUA Chairman’s Matz 2013 letter encouraging credit unions to review fraud, financial abuse polices.
Jenny Nishida receives 13 months in prison for her theft of nearly $360,000.
The NCUA liquidates the $5M Louden Community CU. Its June 30 financials are far better than peers.
The regulator issues prohibition orders to three former credit union employees who pleaded guilty to fraud and embezzlement.
Security expert tells CU Times JPMorgan and others fail to invest in enough technology to protect against system access.
FBI agent tells CU Times he's never seen a case where three employees independently stole from the same institution without collusion.
Move comes after Palmetto Health Credit Union experienced financial losses tied to transactions in several states.
Latest charges allege Ohio men embezzled $1.9 million that led to the credit union’s collapse.