News

Are credit union ATMs ready for Triple DES? It may have snuck up on some of them. See story page 22.

In the fraud special report on pages 18 to 21, find out how some credit unions are handling robberies and teaming up to fight fraud.

A recent Accenture survey finds that nearly one in four adults believe that insurance fraud is acceptable. In addition, the majority of respondents agreed that people are more likely to commit insurance fraud during an economic downturn. Here are some of the reasons that people commit insurance fraud and the...

WEST PALM BEACH, Fla. - As robberies seem to be on the rise, more credit unions are responding by exploring physical barriers. Whether by "takeover", where the credit union is taken hostage by fully armed gunmen or "note jobs", where a robber passes a note to a teller demanding funds,...

RIVERSIDE, Calif. -In a fraud fight, offense is just as important as defense, says Riverside County's Credit Union Security Officer/Investigator Kathy Roney. Setting aside maybe 10-15% of its security budget for resources, the $450-million credit union boasts a high prosecution and conviction rate on fraud attempts and a low near-zero...

In a much anticipated meeting, the NCUA Board voted on a final FOM rule and a proposed MBL rule. See story page 3. There was also crucial testimony given on reg relief last week. See pages 3 and 4.