financial institutions

Employees Pose Significant Risks to Financial Institutions

Blanket bond

Blanket bond insurance covers specific risks facing financial institutions. Employees pose a significant threat since they have access to account information, money, and personal identification information. The most common risks include forgery, fraud and theft. Forgery Money orders, checks, drafts, …Continue reading →

How the Financial Crisis of 2008 Affected Credit Unions

Liability insurance for bankers

Individuals, organizations and businesses count on banks and credit unions to securely hold their financial assets. When the financial crisis unfolded, the running conversation among consumers regarded profits made by banks. Credit unions offer a not-for-profit option for members yet …Continue reading →