Throughout 2016, internal fraud cases have shocked and baffled many in the credit union industry, in part because the schemes went undetected for many years.

CU Times asked three fraud experts to review five of the most confounding cases and provide insights into what can be learned from them in an effort to help credit union executives spot the red flags – and stop fraud before it's too late.

While many credit unions are aware that they need to leverage, among other things, a variety of internal controls, separation of duties, surprise cash counts and account monitoring, employee behaviors can also foretell signs of trouble.

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