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NEW YORK-Credit unions are becoming more susceptible to emerging loss exposures that can cause immediate losses or result in third-party claims, litigation and subsequent losses, according to one CUNA Mutual Group executive.
Roger Nettie, senior risk management consultant, told America's Credit Union Conference that CUs face a two-pronged loss threat-by fraudulent acts committed directly against the institution and through litigation by third parties.
Nettie cited a...