Veteran CFO will take permanent CEO position after serving as interim since September.
Identifying internal fraud risks became a hot topic in 2013 as groups presented webinars and articles on the topic.
Lawyer trust account parity bill would enable credit unions to compete, expand services.
From being able to compete with banks to assuring business members that their funds are insured, there could be several long-term benefits for credit unions if a bill involving insurance coverage becomes law.
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.