Read the full statement NCUA Vice Chairman Rick Metsger made during the November board meeting.
Company is in the process of testing and certifying issuer processors that support more than 1,000 credit unions.
From 2009 to 2013, 46% of claims paid involved employee dishonesty, the company said.
NCUA Vice Chairman Metsger says more than two-thirds of the 500 financial institutions supporting the new tool are credit unions.
NCUA Vice Chairman Metsger says fraud is major contributor in more than half of share insurance fund losses.
NCUA Chairman Debbie Matz' decision to take Vice Chairman Rick Metsger's title to a vote shifts attention to the board's incoming member.
CU Times editorial cartoons are conceived and developed by our team of reporters, correspondents and editors.
Upcoming listening sessions will help reach the right conclusion, Metsger said.
LAKE BUENA VISTA, Fla. — NCUA Board Member Rick Metsger and three NCUA staffers spoke on rules affecting CUSOs to a packed house.
WASHINGTON — NCUA Board Member Rick Metsger delivers his first major address Feb. 25 at CUNA's Governmental Affairs Conference.