"Fraud in credit unions is prevalent...Implementing an efficient, non-threatening and anonymous reporting mechanism is one of the best corporate governance procedures that should be implemented by all credit unions." -- Michael Sacher, CPA

• "Head teller steels $400,000 in ATM fraud. Hid defalcation by falsifying accounting records..."
• "A credit union Financial Advisor stole $1million in fraudulent withdrawals from 11 accounts Arrest warrant issued"
• "$135,000 stolen by CU employee from ATM machines…Employee falsified accounting reconciliations"
• "Branch manager creates $135,000 in fraudulent loans. Employee opened up phony accounts"
• "CEO found guilty of embezzling over $70 million (yes, seventy million) by establishing over 1,000 phony loans"
• "CEO stole over $140,000 by creating phony vendors and paying fraudulent invoices"
• "CEO President embezzles $50,000 to pay for divorce settlement..."
• "Business services manager paid $1million in kickback from fraudulent loans..."
• "Manager of single-employee credit union steals $130,000 from member accounts over a 24-year period."
• "Employee stole $85,000 through a check kiting scheme."
• "Gambling addiction said to be the cause in $147,000 credit union embezzlement. The employee had 15 years of service and worked in a variety of responsible positions at the credit union."