Company is in the process of testing and certifying issuer processors that support more than 1,000 credit unions.
Two employees to pay combined restitution of nearly $775,000.
Strong internal controls are just one source of prevention.
It’s not wise to put faith in one credit union over another.
From 2009 to 2013, 46% of claims paid involved employee dishonesty, the company said.
Several credit unions plan to finalize their consolidation plans this quarter and early next year.
Lester Warby succeeds Michelle Johnson at $12 million Montana credit union previously sacked by a business loan scheme.
Timothy J. Coughlin embezzles $10 million through a bogus credit union, receives seven-year sentence.
What are the four most important things an NCUA board member, new to the industry, should know?
The NCUA's newest board member is brand new to the industry.