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Change is said to be the only thing that’s constant. And in the last year, credit unions that issued plastic cards witnessed plenty of changes. As we continue to operate in a world of constant change, it’s important to occasionally take stock of past events in order to learn and better anticipate future changes.

A recent, notable change for credit unions has been the increased threat of plastic card fraud. We’ve already seen the impact of those changes: Fraud losses tracked by CUNA Mutual Group on plastic cards roughly tripled between 2003 ($40 million) and 2006 ($120 million estimated).

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