Credit Unions
While you take pride in knowing your members and offering highly personalized service, your credit union may find itself more vulnerable to fraudulent schemes than ever before.
These schemes range from a member unknowingly depositing a fraudulent third party check, to the increased threat of identity fraud as you accept membership outside of your original charter.
Today, nearly all of the larger financial institutions have implemented sophisticated fraud filters to decrease their exposure to losses.
This has inadvertently contributed to a fundamental shift in fraud.
Organized crime rings that have always sought out the path of least resistance are now turning their attention to credit unions.
To help stem this tide, Early Warning Services offers solutions to address deposit, payment and identity fraud for institutions of all sizes.
Available at an affordable price point, these services help you leverage your financial assets to simultaneously address fraud, compliance and other financial risk.
Partners
Several organizations have partnered with Early Warning Services to help increase awareness and make the following services more accessible to credit unions.
Visit our Partner page for links to their Web sites.
- CO-OP Financial Services
- Corporate One Federal CU
- CSI Corporate Services, Inc.
- CUNA Mutual Group
- Deluxe Corporation
- First Carolina Corporate CU
- First Corporate CU
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- Members United Corporate Federal CU
- Northwest Corporate Federal CU
- Palmetto Cooperative Services, Inc.
- Southwest Corporate Federal CU
- SunCorp Corporate CU
- WesCorp
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Solutions
For physical and online items presented for deposit or payment at credit unions, performs validation and status verification of the payer’s checking account.
Responses help detect fraud, prevent losses and expedite funds availability decisions.
Provides credit unions with real-time notification at the point-of-deposit on potential fraudulent or returned checks, which can help protect an organization’s bottom line, expedite check cashing and accelerate funds availability.
Distinguishes high-risk individuals from profitable customers with the end goal of opening more good accounts and reducing costly write-offs.
This service identifies applicants with a prior history of fraud and/or account abuse while also performing identity verification and compliance list screening.
Available to financial services organizations, provides notification of job applicants and employees that have been released by another institution because they knowingly caused or attempted to cause financial loss.
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