Identifying internal fraud risks became a hot topic in 2013 as groups presented webinars and articles on the topic.
Although the NCUA recently announced it is developing new exam procedures to improve the identification of fraud risk indicators, especially at small institutions, experts agree fighting fraud requires a team effort that includes active boards, strong supervisory committees and stiff internal controls.
Team effort, some tips from NCUA, CUNA Mutual as seminar set for Thursday.
CUNA Mutual and NCUA provided Credit Union Times with a sneak peak into materials planned for Nov. 14 webinar.
A Philadelphia-area credit union manager’s retrial on theft charges, originally scheduled for June 3, was postponed to June 27, according to the Montgomery County Deputy District Attorney Steven Latzer.
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.