5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr With improved oversight and data analytics.by: Derek BrownFor credit unions nationwide, internal fraud represents a significant and growing problem.The financial services sector has the highest incidence of internal fraud across 23 industries, according to the Association of Certified Fraud Examiners’ 2012 Global Fraud Survey: about 17 percent of all insider fraud incidents, vs. just over 10 percent each for government/public administration and manufacturing.The National Credit Union Administration earlier this year said that fraud contributed to the closure of more than 40 percent of the 192 credit unions that have failed in the last 10 years. In a 2014 report, CUES Supplier member CUNA Mutual Group said that almost half (46 percent) of claims paid between 2009 and 2013 under its fidelity bond coverage involved insider fraud — and that 71 percent of claims for losses caused by employee dishonesty were submitted by credit unions that hadn’t had any employee dishonesty claims during the prior three years. Just as disturbing, the CUNA Mutual Group report said that dishonest credit union employee actions are typically not discovered until upwards of $140,000 has been stolen over the course of 18 months. continue reading »
Barbara and John Doherty were drawn to Creekwood by its strong sense of community pride.A STRONG sense of community pride has drawn Barbara and John Doherty to a new coastal development at Caloundra.While home design and location were important factors, the Creekwood development in Meridan Plains, Caloundra stood out with many clubs and activities to help new residents socialise and stay connected.“There’s a gardening club, fitness club, mum’s group and I have even established a walking club to take advantage of the beautiful parklands, wetlands and nature corridors we have at our doorstep,” Mrs Doherty said.“The majority of people here make an effort to get to know other residents and look out for one another, so I can say that we live among friends, not just neighbours.”More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoDeveloper AVJennings has completed construction on the final freehold homes at Creekwood, which have been designed to suit different lifestyles and personalities — with 11 floorplans on offer to cater to everyone from entertainers and home workers through to independent families.The new Creekwood Parkside precinct has 26 homes, which are now ready to move in to. The new Creekwood Parkside precinct boasts 26 homes, which are now ready to move in to, with two fully furnished display open daily for inspection.AVJennings Queensland general manager Tony Creighton said Creekwood Parkside appealed to buyers looking for a leafy locale and the opportunity to buy a brand new property on its own title, with the wide variety of floorplans available an added bonus.He said the three and four-bedroom homes, some with a multipurpose room and all with a minimum of two-bathrooms and one to two car spaces, offered up to 210sq m of living space were priced from $444,900.On completion Creekwood will feature 370 townhomes, terrace and loft homes and 470 home sites across 50ha including more than 11ha of parks and open spaces, all within a three minute walk of each home.