Fraud mitigation is a cornerstone of sound financial oversight and institutional resilience. For NASCUS members—including state regulators, credit unions, and system stakeholders—actively identifying, managing, and preventing fraud is critical to ensuring the safety and trustworthiness of the credit union system. The financial landscape is constantly evolving, with fraud schemes becoming increasingly sophisticated and challenging to detect. Staying ahead of these threats requires ongoing education, access to timely intelligence, and collaboration across institutions and regulatory agencies.
NASCUS supports this effort by providing resources, training, and timely updates to help members navigate the complex and ever-evolving threat environment. Current resources include:
- NASCUS Report Fraud and Cybersecurity section
- NASCUS Events
- Monthly webinars
- Past recorded webinars include:
- Committee participation, inlcuding:
- NASCUS Anti-Money Laundering/Anti-Financial Crimes Roundtable (AML Roundtable)
- NASCUS Legislative and Regulatory Affairs Committee (L&R)
These offer valuable insights and support a stronger, more responsive state system.
By remaining vigilant and informed on current fraud trends—whether related to cybersecurity breaches, identity theft, insider threats, or external criminal networks—members are better equipped to implement effective risk management strategies and uphold consumer confidence.