Credit Unions across the country have reported an upsurge in corporate check fraud. TruStage provides examples of how to identify fraudulent checks and provides steps on how to mitigate your credit union’s risk.

Front-line staff are the first line of defense against check fraud. Training them to spot counterfeit checks, follow check verification procedures, and use check holds correctly is essential. They should also review account histories to flag unusual activity. These steps help protect members and the credit union and reduce the risk of fraud.

You can read the full alert and detailed risk mitigation tips here. (User ID/Password required)

Access the Business Protection Resource Center for additional mitigation tips and exclusive resources including interactive training modules. (User ID/Password required)

If you have a question or would like a more detailed consultation on this emerging risk, you can contact Sara Taddeo at staddeo@mddccua.org.

TruStage^TM is the marketing name for TruStage Financial Group, Inc. its subsidiaries and affiliates. Corporate headquarters are located in Madison, Wis.