The $3.6M North Dade Community Development FCU violated BSA and Patriot Act regs for five years.
Could North Dade Community Development FCU have prevented its $300,000 fine for BSA violations?
Michael Wettrich, a 14-year state regulator, is the new CEO at Education First Credit Union in suburban Columbus, Ohio.
A new NCUA video series, CUNA Mutual Group and a risk management vendor provide tips for credit unions to prevent employee fraud.
The $197 million Tobyhanna Federal Credit Union in Scranton, Pa., hired Christopher Bresset as assistant vice president of consumer and indirect lending. He has more than 18 years of financial services experience, most recently with Honesdale National Bank in Honesdale, Pa.
Former Kentucky Corporate CEO Jim Thompson will replace the retiring Huston Reinle at the $102M Kentucky credit union.
During the last 25 years, I have been involved in the investigation of many fraud cases. Some theft was for only small amounts used to purchase personal goods like booze, underwear, jewelry and car repairs. Other cases resulted in millions stolen over long periods of time exceeding 10, 20 or...
Median loss is $140,000 and scam lasts 18 months before detection, CUNA Mutual consultant tells session.
Desperate times call for desperate measures, the saying goes.
The unsettling headlines pile up. In Grand Rapids, Mich., a former assistant branch manager at Case Credit Union pleaded guilty to embezzling $236,000 over a span of nearly two years.