The National Credit Union Administration (NCUA) announced enhancements to the agency’s fraud hotline, including electronic submissions. The fraud hotline is an avenue for the public to report insider fraud concerns relating to credit unions.
“The NCUA encourages anyone that suspects or is aware of insider fraud at a federally insured credit union to report the information as soon as possible,” the agency said in a release. “Swift reporting minimizes risks, exposures, and losses, while supporting appropriate supervisory or administrative action against those that commit fraud or misuse their position.”
Those who wish to notify NCUA about suspected fraud can now do so on the agency’s website. The new form allows for anonymous tips – although tipsters can provide contact information if they so choose – and allows for “a description of the fraud and other critical information to assist in the evaluations of the reported concerns.”