Sources provide conflicting reports regarding CMG's alleged announcement of cuts to CUNA, leagues and other affiliate organizations.
Director of Regulatory Compliance Bill Klewin will be replaced by CUNA Mutual new hire Andrea Stritzke.
More than two dozen credit unions have been hit and some have suffered losses ranging from $100,000 to $400,000 in a home equity line of credit scam, according to Roger Nettie, a senior consultant of risk management at CUNA Mutual Group.
Establishing an effective fraud prevention policy will be among the topics discussed.
CUNA Mutual reports more than a dozen credit unions have suffered losses behind cybercriminals posing as members.
Company warms credit unions to be aware of scams involving home equity lines of credits and wire transfers.
Online tool targets a credit union’s risk awareness in several areas.
The Madison, Wis.-based firm invests more than $25M into CBSI to help credit unions earn more noninterest income.
From 2009 to 2013, 46% of CUNA Mutual bond claims paid involve employee dishonesty.
From 2009 to 2013, 46% of claims paid involved employee dishonesty, the company said.