RELEASE DATE: December 6, 2021
DURATION: 80 Minutes
With a computer and a piece of white paper, a check can be produced. It’s just too easy. Even though check usage is declining, the estimates for check fraud remain high – $7 billion annually. This includes frauds against your members – scams involving checks are ever present and threatening to us all. Thwarting these “robbers” is best done at the front lines and operation centers of your credit union. Training your staff on the warning signs is your best defense!
Join us as we explore the many forms of check fraud including kiting, forged instruments, internet scams and paperhanging. Staff will leave with the questions to ask when presented with a questionable instrument, especially new members. Today more than ever training on this important topic can save your credit union and members from large dollar losses.
In this session we will explore:
- The various types of check fraud
- The warning signs of a bad check
- The tools your credit union should have in place to combat this fraud
- The simple questions to ask your members to ensure that they are not being
MEET THE PRESENTER
Susan Landauer is a certified public accountant, with over 25 years of experience in the accounting and the financial services industry. Susan has conducted numerous fraud investigations for clients in various industries, including banking, manufacturing, and construction and others. She has testified as an expert witness in federal and local courts.
Susan began her career with a big four accounting firm, where she specialized in credit union clients. She then worked a top ten banking institution, as the VP and Financial Controller of the Trust subsidiaries and Private Banking department. Most recently Susan was the SVP of the New York State Credit Union League, where she oversaw the Audit Services, Strategic Consulting, Education and Training, Foundation, Business Partners, Member Services and District Relations divisions.
Susan is a licensed Certified Public Accountant. She is a member of the American Institute of Certified Public Accountants, the Association of Certified Fraud Examiners and the Capital District chapter of the Association of Certified Fraud Examiners. She serves as a Supervisory Committee member of SEFCU, a $2 b credit union in New York State, is a trustee on the SEFCU Foundation, and serves as financial expert to the Audit Committee of the New York State Teacher’s Retirement System.