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ATM heist forklift photo Photo courtesy of the FBI

Joe Christian, president/CEO of the $3.4 billion Nusenda Federal Credit Union, said the South Eubank branch in Albuquerque, N.M., is expected to be closed for two to four weeks after thieves used a forklift to rip out the branch’s ATM causing extensive damage.

This incident was the latest in a national trend of ATM theft that has been growing since the pandemic’s early days. According to the Malvern, Pa.-based 3SI Security Systems, the theft of these cash machines using a vehicle increased by 53% in 2020 over 2019. And the average amount of cash stolen per ATM theft: $83,000.

Peter Strozniak

Credit Union Times

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