Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Minnesota network hosts fraud-fighting workshops
EAGAN, Minn. (10/28/08)--The Minnesota Credit Union Network (MnCUN) hosted a fraud workshop Thursday to emphasize the importance of educating members about fraud schemes and outline how credit unions can prevent fraud.
Jeff Schwalen (center), president of Hiway FCU, St. Paul, Minn., revealed during a fraud prevention workshop hosted by the Minnesota Credit Union Network Thursday that a member of his credit union was the target of a mass marketing scam. (Photo provided by the Minnesota Credit Union Network)
Thursday’s session was one of three MnCUN workshops held statewide. The workshop featured two special agents from the Minnesota Department of Public Safety’s Fraud Enforcement Unit. They shared information about lottery and sweepstakes scams, how to identify a mass-marketing scam, the negative impact these schemes have on financial institutions and how to report fraud. MnCUN has partnered with Minnesota’s Fraud Enforcement Partnership task force since 2007. The network also is working with its member credit unions to provide them with fraud prevention information. “These scams prey upon credit union members and consumers all across the state,” said Mark D. Cummins, MnCUN president/CEO. “MnCUN’s goal is to use our resources to educate credit unions and consumers about this fraud and help them protect themselves from becoming victims.” Each year, Minnesotans lose $8 million to $10 million to fraud schemes. Because of under-reporting, officials estimate that losses could be as high as $20 million to $25 million.
Other Resources

RSS





print
News Now LiveWire
Better economic & #CU conditions,leading to higher rates in '15,'16, will boost CU earnings, asset quality,capital http://t.co/rmJvi3MIpQ
12 hours ago
RT @CUNA: Today is the first day of #CUYouthMonth How is your #creditunion celebrating?
16 hours ago
New @FICO score metric expected this week, will include utility payments http://t.co/l0hGhilMqQ
17 hours ago
.@TheNCUA increased supplier diversity in 2014 by 49%, although NCUA’s workforce diversity levels declined slightly.
17 hours ago
Also from FFIEC today, council announces reappointments of Mary Hughes and Lauren Kingry to its State Liaison Committee. 2of2
17 hours ago