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From polling results reported by attendants of Allied Solutions’ “Proven Ways to Spot Transaction Risks & Prevent Fraud Attacks” webinar hosted by NAFCU Services on Feb. 12, 2019.

Member service and financial transactions play huge roles in the success and longevity of any credit union. So it is important to continue elevating each of these key areas at equal pace, versus strengthening one area at the sake of the other.

As the accompanying graph indicates, transaction fraud crimes continue to plague our industry and threaten our members, and the fact of the matter is these crimes aren’t going away any time soon. The good news is there are proactive steps credit unions can take to prevent, detect and respond to any one of these fraud crimes, so that you can continue offering the best level of service and convenience to your members, without forsaking your credit union’s financial stability.

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