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.
Industry experts say due diligence can help credit unions avoid losses like those suffered by the $620 million Alabama One Credit Union in Tuscaloosa, Ala., and the Small Business Administration, which were defrauded of more than $3 million by a businessman.
Apple FCU executive testifies on Tuesday at Senate hearing.
Losses like the $3 million case involving the SBA and Alabama One can be avoided, experts say.
Visitors from Brazil and Peru participate in WOCCU program to exchange ideas, best practices and technical expertise.
Event will explore how to price business loans.
The $190 million Cy-Fair Federal Credit Union located in Houston, Texas has hired Brett Wooden for the newly created position of senior vice president of marketing and innovation. Prior to joining Cy-Fair, Wooden held positions at Unitus Community Credit Union in Portland, Ore., where he developed a reputation for using...
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