I'm graduating college this semester with a degree in computer science along with a concentration in information assurance. My question is, should I put the fraternity I'm in on the resume? I hear conflicting reports if I should or not. I would like to know what employers in industry think about this.
The answer is "it depends".
Did your experience in the fraternity give you some kind of experience relevant to the work place? I'm sure being in a fraternity didn't up your coding skills, but if you held a leadership role, that would be a good thing to see on a resume from a soon to be or recent grad.
Otherwise, the answer is probably "No"
Unless you know people from your fraternity have a strong presence in the company, or you've done something for them that would be relevant regardless of what the organization was (ex a leadership role) listing your membership is unlikely to offer anything of value. From the other direction, you run the risk of your resume being dismissed by someone with a strong negative opinion of fraternities in general; regardless of if any of the negative stereotypes apply to you or the organization that you're a part of.
Note that there are many kinds of fraternities, from social to community service organizations to honor societies.
If your membership signifies unusual skills or experience, you might want to cite it with a few words about what you did and why the potential employer should find it interesting, at least when looking for your first job after school when you have little or no experience to cite.
If you were one of the officers, that might be worth mentioning if you can explain how that experience makes you a better candidate. Again, value drops after you have been out for a few years, unless you have been showing leadership as an alumni volunteer or something like that.
If you were just a member of just a social frat... that says nothing more than that people liked you enough at one point to invite you to pledge and be elevated. Not exactly boastworthy.
If you can't explain why someone who is not one of your brothers should be impressed, even if they think most frats are like Animal House (or worse), it doesn't belong in the resume.