Credit union leaders gathered in Nashville for the Fraud Prevention Summit, underscoring the growing need for collaboration and innovation in the fight against financial crime.
As fraud schemes become increasingly sophisticated—ranging from social engineering and phishing to account takeovers and synthetic identity fraud—the summit emphasized the importance of staying ahead through education, technology and cross-industry cooperation.
Around 57 percent of adults worldwide have experienced a scam in the past year and approximately 23 percent of adults have lost money due to a scam, according to the Global State of Scams 2025 Report. It is important to note that fraud losses are typically underreported, so the actual figure is higher.
“I enjoyed networking with other credit unions and learning so much from the speakers and vendors,” said Shea Watson, card services manager at Triangle Federal Credit Union. “Keeping up to date on current scams and how to prevent fraud with a fraud playbook. I will be back!”
The Tennessee and Mississippi Credit Union Association is dedicated to helping credit unions strengthen defenses against fraud and bad actors.
Photo Caption—Donna Young, president of Resound Credit Union, Ben Johnson, president and CEO of US Community Credit Union, and Ron Smith, president and CEO of Enbright Credit Union, speak at the Fraud Prevention Summit about fraud trends in the Nashville area.
