ST. PAUL, Minn.–The Minnesota Credit Union Network (MnCUN) said it has entered into a partnership with the Financial and Retail Protection Association to fight fraud.
According to the MnCUN, the partnership will focus on the following objectives:
• Fraud Prevention Education, including hosting joint workshops and educational sessions to raise awareness of fraud trends, scams, and financial crime mitigation.
• Industry Collaboration, including sharing best practices, investigative strategies, and insights on emerging fraud threats with credit unions and financial institutions statewide.
• Resource Development, including creating and distributing fraud prevention materials, reports, and alerts tailored to credit unions.
• Information Sharing, including establishing secure channels for exchanging fraud intelligence, alerts, and investigative insights.
• Legislative and Advocacy Support, including collaboration on policy initiatives to enhance fraud prevention laws and regulations affecting credit unions.
News of the partnership was first reported by America’s Credit Unions.
