Fraud isn’t just rising, it’s accelerating and evolving.
According to new data from the Federal Trade Commission, consumers lost over $12.5 billion to fraud in 2024, a 25% increase over 2023. That’s not just a warning, it’s a wake-up call. Credit unions, in particular, are feeling the pressure. With fewer resources than big banks, many are struggling to keep up with today’s complex, fast-moving fraud threats.
(FTC, March 2025)
The Stakes for Credit Unions
Fraud doesn’t just hurt your balance sheet, it erodes trust. Outdated, rule-based systems aren’t enough anymore. They often:
- Miss advanced threats like synthetic identity and first-party fraud
- Flag legitimate members, creating onboarding friction
- Require costly manual reviews that slow down operations
To stay competitive, credit unions need to do more than react. They need to embed fraud protection directly into their onboarding process.
Instnt: Built-In Fraud Defense, Built for Credit Unions
Instnt is the first fully managed customer acceptance platform with embedded fraud loss protection, offering up to $100,000 per approved user annually and more importantly, it includes a liability shift so your credit union isn’t left responsible when fraud occurs.
With just one line of code, credit unions can:
- Instntly detect and prevent fraud during member onboarding
- Approve more good members, with fewer false positives
- Reduce operational costs tied to manual reviews
- Add a powerful layer of protection without disrupting the member experience
- Shift the liability for fraud losses off your institution and onto the platform
And the best part? There’s no need to overhaul your systems. Instnt integrates seamlessly with your existing digital touchpoints.
Compete with Confidence
The numbers from 2024 show that fraud is getting worse and growing faster. But with the right tools in place, credit unions can stay protected, earn member trust, and scale with confidence in 2025.
Fraud doesn’t wait and now, you don’t have to either.
Accept more members, stop more fraud, and protect every approval with Instnt. Schedule a demo today.
Sources: Federal Trade Commission. “New FTC Data Show Big Jump in Reported Losses to Fraud: $12.5 Billion in 2024.” Federal Trade Commission, 7 Mar. 2025,
