Thank you for sharing!

Your article was successfully shared with the contacts you provided.

This is the question many credit union boards are asking their CEOs these days, including mine. But perhaps the real question is, “Although we know a certain amount of fraud is an inherent part of card issuing, is it manageable?” I believe the answer to this question is yes.

I’ve read the articles from CUNA Mutual Group that state that card fraud losses have accelerated at an unprecedented rate and that, understandably, CMG cannot continue to provide plastic card coverage to credit unions without increasing premiums and deductibles. While I would in no way wish to diminish the severity of the problem from CMG’s perspective, I do believe that plastic card fraud is manageable and insurable if we all work together.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.