Minnesota credit unions announce partnership to fight fraud

Minnesota credit unions’ efforts to fight fraud are growing. The Minnesota Credit Union Network (MnCUN) announced a new partnership with the Financial and Retailers Protection Association (FRPA) to collaborate on training, education and resource sharing to prevent and address financial fraud.

“The partnership between MnCUN and FRPA is vital for helping Minnesota credit unions to stay ahead of evolving financial threats,” said Mara Humphrey, MnCUN president/CEO. “By joining forces, we’re expanding access to specialized training, real-time fraud intelligence, and collaborative resources that will strengthen member security and help build even greater trust within our communities.”

Through this effort, MnCUN and FRPA will focus on the following objectives: 

• Fraud prevention education through joint workshops and educational sessions to raise awareness of fraud trends, scams, and financial crime mitigation;
• Sharing best practices, investigative strategies, and insights on emerging fraud threats with credit unions and financial institutions statewide;
• Creating and distributing fraud prevention materials, reports, and alerts tailored to credit unions;
• Information sharing and establishing secure channels for exchanging fraud intelligence, alerts, and investigative insights; and
• Legislative and advocacy collaboration on policy initiatives to enhance fraud prevention laws and regulations affecting credit unions.