Video Training Available to Prevent Employee Dishonesty and Fraud

Click on the picture above to watch the fraud series overview video, click here to see all the videos.

Credit union managers can strengthen their internal controls and learn to detect potential signs of fraud thanks to an online resource being rolled out by the National Credit Union Administration (NCUA).

The regulator has released the first three episodes of the series on fraud prevention. The videos can be viewed online.

According to NCUA Board Chairman Debbie Matz, employee fraud cost the Share Insurance Fund over $300 million between 2010 and 2013.

In the video series, staff from the NCUA’s Office of Small Credit Union Initiatives, in partnership with CUNA Mutual Group, outline how credit unions can tighten internal controls, and identify potential warning signs.

The series, Deterring, Preventing and Detecting Employee Dishonesty, stress the importance of maintaining a policy on employee fraud and conducting surprise cash counts. In the coming weeks, NCUA will release four additional episodes addressing separation of duties, employee and family member accounts, file maintenance transactions and vault cash.

Questions about this story? Contact Lynn Heider: 503.350.2225,

Posted in NCUA.