ELDER FINANCIAL ABUSE IS ON THE RISE; EDUCATION IS KEY TO PREVENTION
Older Americans are increasingly falling victim to financial fraud and scams, losing billions to scammers and even family and friends. Between 2013 and 2017, financial institutions reported more than $6 billion in assets held by seniors that may have been impacted by fraudulent activity, according to a study conducted by the Consumer Financial Protection Bureau.
The Merck Employees Federal Credit Union is now offering online educational resources available to members by clicking here. We encourage all members and their families to take advantage of the CU Senior Safeguard program to learn more about elder financial abuse and ways to prevent it.