Description

This presentation provides Supervisory Committee Members with a comprehensive overview of the current fraud landscape affecting Credit Unions, including trends in identity theft, loan fraud, cyber-enabled schemes, and internal misconduct. It outlines the core components of an effective fraud risk management framework—governance, risk assessment, internal controls, monitoring, reporting systems, and employee training—tailored to the Credit Union environment. Attendees will leave with a clearer understanding of their oversight responsibilities and practical steps to strengthen fraud prevention, detection, and response within their institutions.