Michigan Legacy Credit Union partners with Wayne State University Institute of Gerontology to fight financial exploitation of vulnerable adults

Michigan Legacy Credit Union partners with Wayne State University Institute of Gerontology to fight financial exploitation of vulnerable adults

Michigan Legacy Credit Union (MLCU) announced it has launched a pilot program with Wayne State University’s Institute of Gerontology to help protect its vulnerable members from financial exploitation. The announcement was made by Michigan Legacy Credit Union President and CEO Carma Peters.

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Elder Financial Exploitation: How to Detect and Respond

Elder Financial Exploitation: How to Detect and Respond

Scams and fraud targeting the elderly are more prevalent than ever, so how can credit unions be on the lookout for suspicious activity regarding their older members? Marvin Johnson shares some red flags to look out for and how to take action.

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The NCUA’s Most Important Function Needs Transparent Reassessment

The NCUA’s Most Important Function Needs Transparent Reassessment

Recent high profile embezzlement cases and NCUA’s reticence to disclose information about them suggests a major problem, says Chip Filson. NCUA’s examination process has failed.

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Online Banking Fraud Prevention: The Overlooked Superpower

Online Banking Fraud Prevention: The Overlooked Superpower

While everyone is looking for a new, fail-safe solution to online banking fraud, Seth Longcore maintains that an excellent solution has been around for awhile, people just aren’t using it.

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Internal Controls: A Trusted System Tops a Trusted Employee

Internal Controls: A Trusted System Tops a Trusted Employee

How are some individuals able to conceal millions of dollars in fraudulent activity at their credit unions? Keri Lillie explains how trusting employees can be riskier than trusting the system you’ve built around them.

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Mitigating Brute Force BIN Attacks

Mitigating Brute Force BIN Attacks

What can credit unions do to prevent or mitigate losses from brute force BIN attacks? Audit and compliance expert Jim Vilker and EFT expert Heather French explain what a brute force BIN attack is and what credit unions can do to limit the damage.

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Why Fraud Happens

Why Fraud Happens

Employee fraud is unfortunately all too common in the credit union industry. But why does it happen? Auditing and compliance expert Marvin Johnson gives some background on the psychology of fraud so we can better prevent it.

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Internal Controls 101 – Protecting Your Credit Union

Internal Controls 101 – Protecting Your Credit Union

With the prominent case of the embezzlement of $40 million at CBS Employees Credit Union still in the news, AuditLink’s Jim Vilker gets back to the basics of how credit unions can prevent this from happening at their own institutions. Welcome to Internal Controls 101!

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