With credit unions losing millions to internal fraud, it may be time to implement strict procedures.
From 2009 to 2013, 46% of CUNA Mutual bond claims paid involve employee dishonesty.
From 2009 to 2013, 46% of claims paid involved employee dishonesty, the company said.
Alexandria, Va. — Under questioning from NCUA Board Member Mark McWatters, outgoing NCUA CFO Mary Ann Woodson said that almost all of the losses from credit union failures were a result of fraud.
ALEXANDRIA, Va. — Matz and McWatters disagree on priorities at monthly NCUA board meeting.
ALEXANDRIA, Va. — The NCUA Board finalized technical amendments Sept. 18 at Mark McWatters’ first meeting, and approved a federal credit union's request to expand its community charter.
ALEXANDRIA, Va. – The NCUA's newest board member votes in favor of technical amendments to existing rules and a FOM expansion.
Multi-agency rule that applies to state oversight of appraisal management firms is a Dodd-Frank mandate.
ALEXANDRIA, Va. – NCUA Board approves a proposed rule during its monthly meeting that would make it easier for credit unions to voluntarily liquidate.
The NCUA Board approved two new rules during its February meeting Thursday that expand investment powers and field of membership reach.