TruStage Denies $380,000 Credit Union Fraud Claim Based on a 'Plastic Card/PIN' Exclusion

Kinecta FCU alleges the insurance company breached its contract, arguing there were no exclusions.

By Peter Strozniak | May 21, 2024 at 03:54 PM

After fraudsters used a stolen ATM/debit card to steal more than $380,000 from a member's account, TruStage denied Kinecta Federal Credit Union's claim because of the insurance bond's "plastic card/PIN" exclusion provision.

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