Member credit unions of the Cooperative Credit Union Association are taking a bold step forward in the fight to protect the elderly from financial abuse.
They've created CU Senior Safeguard, an online, educational program developed to fight the financial scams and fraud being perpetrated against the elderly.
Through CU Senior Safeguard, these credit unions are not only certifying all their team members with knowledge about elder financial abuse, how to spot it and what to do in response, they are also counting on you to join with them in learning about this growing national travesty.
Studies suggest that between 3 and 5 million seniors fall victim each year to financial abuse, costing them approximately $36 billion. In a 2017 national credit union survey, data showed more than two-thirds of familial caretakers reporting that their elderly relatives were once a target of a financial fraud or scam. From those targeted, 28% fell victim. While many who have been targeted may not even be aware of it, others who have fallen prey may never report it because they are too embarrassed, ashamed, or simply unaware of how to handle the situation.
Faced with such alarming facts and figures, credit unions decided to take action. They partnered with EverFi, a leading national technology company that specializes in online education, and developed CU Senior Safeguard, an innovative and informative resource designed to help you protect the elders who rely on you most as a son or daughter, a caregiver, a grandchild, or a dear friend.
Join with credit unions today and take a bold step forward on behalf of seniors. Become informed and empowered by participating in the CU Senior Safeguard training program.
Simply click the link below to begin the program.