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CU Employees Becoming Commissioned Fraud Investigators

A credit union CEO fights fraud as a commissioned fraud investigator with his local police department.

By Tina Orem | Updated on February 09, 2017

All credit unions have to battle fraud these days, but in Spokane, Wash., a few credit unions are taking the fight to a new level — some of their employees are becoming commissioned fraud investigators with the local police department.

The move — done in partnership with the Spokane Police Department — dramatically increases the chances of apprehending fraudsters, according to Mark Smith, who is CEO of Sears Spokane Employees Federal Credit Union and a commissioned fraud investigator. That credit union has $5 million in assets and about 600 members.

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Tina Orem

 

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