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A Direct Line Blog

Be Ready to Combat Internal Fraud

December 6, 2017 7:30 am

Provided by CUNA Mutual Group

Employee or director dishonesty accounts for more than half (56%) of credit union losses in terms of dollars paid within the Bond policy. And, lack of internal controls and oversight are significant issues contributing to the losses.

Ensure your credit union is ready to rise above your risk.

Having the right controls in place, in addition to knowing how to detect internal fraud, is critical to your loss mitigation success. Review these resources to help your credit union prepare:

To discuss how to identify risk, mitigate losses, and receive insightful resources and tested practices, contact CUNA Mutual Group’s Risk & Protection Response Center at 800.637.2676.

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