Reports of loss stemming from Hurricane Isaac continue to be on the low end thus far, CUNA Mutual Group said Tuesday.
Credit union insurer says only one major flood claim so far, scattered minor damage reports.
More credit unions around the country are having at least their senior security officers obtain certification as recognized financial crime investigators as they attempt to both counter existing crime threats and prevent future criminal activity.
In a case that has ties to one of the industry’s largest mortgage scams, Sperry Associates Federal Credit Union received a ruling in its favor over losses the financial institution said it suffered behind the scheme.
Federal court in New Jersey had ruled in favor of credit union in suit over fraud loss coverage.
Nearly a year after the NCUA filed a proof of loss claim to recover alleged monetary damages connected to the collapse of St. Paul Croatian FCU, the CUMIS Insurance Society has denied it.
Agency seeking nearly $72.5 million from fidelity bond in collapse of St. Paul Croatian FCU in Cleveland.