Fraud contributed to more than 40% of federally insured cooperatives closing their doors forever.
From 2009 to 2013, 46% of claims paid involved employee dishonesty, the company said.
Credit unions must assume some risk to innovate and grow, and that means having a culture that aligns risk with goals and properly managing the process to optimize return.
Lawsuits filed over alleged failure to post required fee notices on machines.
CUNA Mutual Group will present the first of its 2011 Credit Union Protection Webinar Series today on the topic of "Dealing with a Data Breach."