The NCUA on Wednesday announced enhancements to its fraud hotline, notably that fraud tips can now be submitted electronically through the agency’s website.

The fraud hotline allows the public to report insider fraud concerns associated with credit union employees, directors or volunteers to the NCUA. Individuals can remain anonymous or provide contact information for appropriate agency staff to discuss their fraud concerns. The new form also allows for a description of the fraud and other critical information to assist in the evaluation of the reported concerns.

“The NCUA encourages anyone that suspects or is aware of insider fraud at a federally insured credit union to report the information as soon as possible,” the announcement stated. “Swift reporting minimizes risks, exposures and losses, while supporting appropriate supervisory or administrative action against those that commit fraud or misuse their position.”