WASHINGTON – The Federal Bureau of Investigation's most recent collection of nationwide crime statistics indicate that the Bureau was notified about robberies, including those in credit unions, 3.7% more times in 2001 than it had been in 2000. Generally that is understood to represent an increase in the total number of robberies but the Bureau cautioned that the statistics cannot be understood as definitive. The numbers do not necessarily reflect cases where local law enforcement authorities investigated a robbery without notifying the Bureau, a spokesman has said. CUNA Mutual's statistics are generally resonate with the Bureau's numbers, but are also limited because they represent only the 94% of credit unions insured by the firm's policies, and not the entire industry. According to CUNA Mutual, robbers hit its credit union policyholders 379 times in 2001 versus 284 in 2000. However, the credit union insurer also projects its members will be robbed only 260 times by the end of 2002.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.