Minnequa Works Credit Union Joins Movement to Shine a Spotlight on Fraud

Posted by Katy Wagnon on November 29, 2022

Fraud costs organizations worldwide an estimated 5% of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE).

The seriousness of the fraud problem is why Minnequa Works Credit Union, based in Pueblo, Colorado, participated in International Fraud Awareness Week, Nov. 13-19, 2022, as an official supporter to promote anti-fraud awareness and education. The movement, known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard businesses and investments from the growing fraud problem.

Minnequa Works joined hundreds of organizations that have partnered with the ACFE, the world’s largest anti-fraud organization and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.

During Fraud Week, official supporters engaged in various activities, including hosting fraud awareness training for employees, conducting employee surveys to assess levels of fraud awareness within their organization, posting articles and resources in various outlets, and teaming up with local media to highlight the problem of fraud.

Minnequa Works’ President of Operations, Nathan Cape, said that the support of organizations around Southern Colorado makes Fraud Week an effective tool for raising anti-fraud awareness.

“Fraud is an issue that unfortunately affects people from all walks of life, and it takes many forms,” said Cape. “Whether it’s organized rings of fraudsters committing debit card fraud, or scams targeting seniors in our community, most people know someone who’s been victimized by fraud. That’s why it’s so important for credit unions, such as Minnequa Works, to join in this fight together in order to raise awareness during this week. It is a serious problem that requires a proactive approach toward preventing it, and educating people is the first step.”

Posted in Colorado, Regional Member News.