CUs Filing More Reports of Suspicious Activities

Credit unions filed 9% more Suspicious Activity Reports last year, according to data released by the Treasury Department.

Last year there were 57,179 such reports, compared with 52,432 in 2007. At all depository institutions, there were 732,563 reports last year, compared with 649,176 in 2007.

Since 1996, when the information began being gathered in its present form, there have been 227,865 suspicious activity reports filed by credit unions, 48% were filed in 2007 and 2008.The data is compiled by the Financial Crimes Enforcement Network, a division of the Treasury Department.

Credit unions filed 9% more Suspicious Activity Reports last year, according to data released by the Treasury Department.Last year there were 57,179 such reports, compared with 52,432 in 2007. At all depository institutions, there were 732,563 reports last year, compared with 649,176 in 2007.Since 1996, when the information began being gathered in its present form, there have been 227,865 suspicious activity reports filed by credit unions, 48% were filed in 2007 and 2008.

The data is compiled by the Financial Crimes Enforcement Network, a division of the Treasury Department.