Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CUNA Mutual Group said 46% of claim dollars paid under the company’s fidelity bond coverage from 2009 to 2013 involved employee dishonesty, which represented 14% of total claims filed.

“For forging fraudulent deposits, a credit union might file a $1,000 claim or a $2,000 claim but when you’re talking about employee dishonesty, that could go into the hundreds of thousands of dollars for one claim,” Joette Colletts, senior manager for Credit Union Protection Risk Management at CUNA Mutual, told CU Times Wednesday.

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.