CMG Risk Alert Increased Off-Premise ATMs Currency Storage Attracts Criminals

ATMs now provide more cash-holding cassettes which increases the currency capacity. While this makes it easier for your credit union to ensure off-premise ATMs are operational with cash-on-hand, it also increases your risk exposure at those ATMs. To minimize risk, off-premise ATMs must not exceed $200,000 in cash storage and must be alarmed in a specific way.

Click here to read CUNA Mutual Group’s Risk Alert, including the details of what criminals are looking for and what credit unions need to do to minimize their risks.