North Carolina Emerging Leaders’ Post

Verifying the identity of your members in digital transactions can be challenging. Fraudsters are becoming increasingly sophisticated and persistent in their methods. What does it take to effectively safeguard your credit union and members from fraud? In this week's episode of Grow Your Credit Union, hosts Joshua Barclay and Becky Reed welcome Hailey Windham, CFCS, Fraud Ops Leader and former Financial Crimes Program Manager at Safe Federal Credit Union to talk about: ✅ What drives the massive increase in fraud that credit unions are experiencing. ✅ Resources credit unions should invest in to meet the growing demand for real-time payments. ✅ Understand whether credit unions truly grasp how money moves through their digital networks. ✅ Discovering actions credit unions can take to reduce fraud. Continue your learning journey by pressing play. #creditunions #creditunionsrock #fraudprevention Tag someone who needs to hear this episode in the comments.

Credit unions across the country have seen a sharp increase in members calling to dispute card transactions. 📈 In an interview with CUToday, Velera Chief Operations Officer Dean Michaels explains how many of these calls are due to fraud and recommends CUs markedly improve how they educate and draw members into the fight against fraud. ➡️ Read the article: https://bit.ly/45E16aZ #FraudManagement #CreditUnions #MemberExperience

#Flashback to our last Counter-Fraud Breakfast Roundtable for the year! Hear directly from Chinenye Nwagbo, CFE Lead, Fraud Operations at Raven Bank, as she reflects on the event and shares valuable lessons learnt from the topic of discourse “The Intersection between Fraud and Money Laundering”. It was indeed AN EXPERIENCE! #counterfraudeducation #breakfastmeeting #breakfastroundtable #breakfastroundtablediscussion #costoffraud #corruptiondiscussion #fraudprevention #fraudawareness #corruptionawareness #fraudexperts #fraudprofessionals #financialfraud #moneylaundering #aml #cft #amlcft #networkingevent #networkingeventinlagos #FlashbackFriday

Concerned about faster payments and the potential for faster fraud? A recent article from @CUToday addresses these concerns and explores ways that credit unions can adapt their fraud mitigation tactics to a real-time world. Give it a read and learn how one credit union is is using the FedNow Service to offer faster payments for members while minimizing the risk of fraud: https://hubs.ly/Q027s8Db0 #FasterPayments #FraudPrevention

Do you regularly check your credit report? It is important that you do. Look out for entries that you don’t recognise and report them immediately. Remember, criminals can use your personal information to open bank accounts, take out loans and apply for cards. If you spot transactions on your statement that you don’t recognise, contact your card company immediately. If you’re worried your personal details may have been stolen, you can contact your bank and report to Action Fraud. If you’re in Scotland report via 101. #TakeFive #StopChallengeProtect✋☝️👊

We hear the terms fraud and scam often and sometimes interchangeably. Both are ways of separating honest people with their hard-earned money, and no one wants to be a victim of either. However, the two are not synonymous. Check out our latest blog, which breaks down and defines frauds and scams, shares tips on what to do if you are a victim, and gives you ways to protect yourself. Read it here: https://lnkd.in/eYWM9TQW. #thesummitfcu #banking #creditunion #fraud #fraudprevention #financialresources

In recognition of Fraud Awareness Week, take some time to stop your scroll and learn about the ways to protect yourself from fraud. Included here are some of the best practices to protect you and your finances against fraud, and although we’re highlighting their importance this week in particular, be sure to implement these practices to stay safe all year round. #FMSBank #CommunityBank #Banking #Bankingapp #Finance #Colorado #Community #Bankingsystem #financialservices #Fraudawareness

"79% of credit union and community bank decision-makers surveyed experienced more than $500,000 in direct fraud losses in 2023..." according to the 2024 State of Fraud Benchmark Report from our friends at Alloy. Any friends/contacts that I have in the Credit Union or Community Bank space, please message me. I want to dig into this frightening statement with each of you, and understand what you need to help get these loss numbers down. https://lnkd.in/eGHzDh4g #fraudprevention #checkfraud #fraudconsortium #creditunions #communitybanks

Save the date for our second virtual Market Insight Forum dedicated to Fraud Prevention Month on March 26th. This event will feature a panel of industry experts who will share their insights into trends related to auto lending fraud and increasing instances of money laundering. Stay tuned for registration and an announcement of our speakers! #MarketInsightForum #FraudPreventionMonth #AutoLendingFraud #MoneyLaundering

Running your business means keeping an eye out for fraud, both inside and outside your company. Heritage Bank shares 6 Signs of Commercial Fraud. https://hubs.ly/Q02gYscH0 Make sure you have the processes & systems in place to promote accuracy & transparency. #Fraud #Fraudsters #InternalTheft #CorporateFraud #LossPrevention Heritage Bank. Member FDIC.