ECCU Blog

by Jac La Tour

I know it seems like we keep talking about fraud in the church. You’re probably thinking, “Can we move on to something more…positive?” Well, addressing fraud in the church, while never fun, is beneficial. 

Vonna Laue of CapinCrouse LLP just blogged “The Top Three Reasons Fraud Happens in the Church.” She credits lack of segregation of duties, misplaced trust, and rapid change as catalysts for fraud. 

Laue states, “Trust is not a sufficient strategy for protecting the church’s assets.” 

Do any of these reasons surprise you? What best practices do you have in place at your ministry to prevent fraud?

by Susan Rushing

Most everyone knows that an ounce of prevention is worth a pound of cure. This adage is certainly true when combating banking fraud. Prevention is especially important when dealing with a type of fraud known as “corporate account takeover.” Ignore prevention and your ministry could end up dealing with financial loss, negative publicity, and recovery efforts that divert time from kingdom work. [read more]

by Jac La Tour

Wouldn’t it be great if we never had to worry about dishonesty in the church? Unfortunately, the church is not exempt from becoming the victim of wrongdoing. That’s why it is important to take appropriate measures to ensure that your church isn’t thrust into a negative spotlight resulting in a lost testimony to the world.

Keith Hamilton’s article 10 Ways to Prevent the Embezzlement of Church Funds outlines ten practical and easy to implement steps. From conducting an annual financial review to tracking giving patterns over time, Hamilton illustrates how your church can practice good financial accountability.

What steps is your church taking to prevent embezzlement and other types of fraud?

by Jac La Tour

What happens if your name and email address fall into unwanted hands? While experts suggest that this exposes you to minimal risk, they also say the potential for receiving unwanted or even harmful email because of it is great. A recent security breach will put these views to the test.

Epsilon, an email marketing company, reported last week that their systems were hacked and an undetermined number of names and email addresses were stolen. According to John D. Sutter’s article As scope of e-mail hack grows, should you be worried?, the immediate concern is not identity theft, but instead, targeted phishing emails which may lead to identity theft if responded to. At ECCU, we take member security seriously and have provided more information on phishing.

What are you doing to protect yourself from potential identity theft?

by Susan Rushing

According to Javelin Research’s 2010 Identity Fraud Survey Report published in July, more than 11 million people were identity theft victims in 2009. Now there’s an overwhelming statistic. How can we stay vigilant while still enjoying the efficiencies and convenience made possible by online banking technology? [read more]