CUNA Mutual Group, NCUA Collaborate On Fraud Mitigation Education

Phil Tschudy 608/665-7188

Rick Uhlmann 608/665-8940                                                                                                                                                                 Feb. 28, 2012

Thirty-One Free Credit Union Workshops Will Feature Sessions on Fraud Trends, Prevention

. – CUNA Mutual Group and the National Credit Union Administration are collaborating to include fraud mitigation sessions on the agenda for 31 daylong workshops and roundtables the federal regulator is hosting for credit unions in 2012.

The majority of the interactive fraud prevention training sessions titled, “Don’t Give Fraud the Green Light – Mitigating Fraud in Your Credit Union,” will be conducted by CUNA Mutual Group risk management consultants and highlight the latest fraud concerns and control techniques. Workshops will include implementation of best practices in the areas of wire transfer, fraudulent deposit, lending and employee dishonesty.

Credit union workshops and roundtables are hosted by NCUA’s Office of Small Credit Union Initiatives (OSCUI) and will be located at sites throughout the U.S. Although geared more for smaller credit unions, the training is free and open to all credit unions. In addition to fraud detection, other topics in the daylong workshops will include:

Issues Facing Credit Unions

  • What is OSCUI and What We Can Do For You?
  • Examination Issues
  • ALM – Discovering Product Costs and Profitability in Your Credit Unions
  • Duties of the FCU Board of Directors – Part II NCUA Regulations 701.4 (Certificate of Attendance Provided)

“These workshops provide an opportunity for two organizations committed to the credit union space to focus on best practices and solutions that help smaller credit unions manage risk and avoid fraud,” said Brad Mundine, CUNA Mutual Group senior manager of Risk Management Services. “The power of collaboration can’t be overstated, and we’re proud to be a part of this effort and remain committed to providing risk management resources for credit unions of all asset sizes,” Mundine added.

“NCUA’s OSCUI works to educate small credit unions about the many issues that affect them, including fraud prevention,” said William L. Myers, NCUA’s OSCUI director. “Tapping into the expertise of external groups, like CUNA Mutual Group’s specialists on fraud prevention, is a great way to improve the effectiveness of OSCUI’s training programs.”

For more information and to register, go to, email, or call 703-518-6610.

CUNA Mutual Group insurance, retirement and investment products provide financial security and protection to credit unions and their members worldwide. With more than 75 years of true market commitment, CUNA Mutual Group’s vision is unwavering: To be a trusted business partner who delivers service excellence through customer-focused products and market-driven insight. More information on the company is available on the company’s website at

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company. Property and casualty insurance products are issued by CUMIS Insurance Society, Inc. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Corporate headquarters are located in Madison, Wisconsin.

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