Credit Union Supports Tougher Laws to Protect Members from Theft
November 15, 2013
Ferndale, Michigan In an effort to keep their members funds safe and secure, Credit Union ONEs Compliance and Regulatory Affairs Manager, Steve Dedene, along with another local credit union testified on behalf of the MCUL in front of the state House Criminal Justice Committee regarding a package of five bills related to ATM card skimming last week.
The package of bills included enhancing laws to make "skimming" a criminal offense thereby protecting members, and the prohibiting of skimming devices for sale or possession.
The Committee unanimously supported all five bills which have now been sent to the full House for a vote.� If passed, the bills will move to the Senate for consideration.
Credit Union ONE feels this legislation is necessary to protect its members and give them a voice by providing the necessary amendments to serve as a deterrent from committing skimming crimes and ensuring that those suspected, tried, and convicted of these crimes will be punished in a manner that is sufficient for the type of crime they are committing.�
"Ensuring that members are protected against fraudulent activity such as skimming is a top priority for Credit Union ONE," said Dedene.� "These bills provide those protections."
The credit union is hopeful that the legislature will pass and the governor signs the package of bills before the holiday season.
Credit Union ONE, headquartered in Ferndale Michigan for seventy-five years, offers a wide array of financial services and access to over 30,000 ATMs nationwide, serving 108,000 members, with�seventeen offices�in three major metropolitan areas, including Metro Detroit, Grand Rapids and Traverse City. For more information go to�cuone.org�or "like us" on�Facebook