A rising tide, especially an economic one, raises all boats, as the saying goes. Third-quarter economic trends found U.S. credit unions swiftly sailing toward a much brighter horizon, according to Callahan & Associates.
The consulting firm's third-quarter Trendwatch webinar reveals strong growth.
Internal fraud as the largest source of credit union losses is nothing new.
From 2009 to 2013, 46% of CUNA Mutual bond claims paid involve employee dishonesty.
Strong internal controls are just one source of prevention.
From 2009 to 2013, 46% of claims paid involved employee dishonesty, the company said.
What are the four most important things an NCUA board member, new to the industry, should know?
The NCUA's newest board member is brand new to the industry.
Alexandria, Va. — Under questioning from NCUA Board Member Mark McWatters, outgoing NCUA CFO Mary Ann Woodson said that almost all of the losses from credit union failures were a result of fraud.
ALEXANDRIA, Va. — Matz and McWatters disagree on priorities at monthly NCUA board meeting.