ALEXANDRIA, Va. (5/8/15)--Credit unions can learn to detect and address financial abuse of the elderly during a Twitter chat hosted by the National Credit Union and AARP May 13.
The chat is the first in an upcoming series of joint educational events to be offered after a memorandum of agreement was signed last September.
The chat is scheduled to begin at 11 a.m. (ET) May 13 and will use the hashtag #NCUAChat. Participants can tweet using that hashtag, or email questions beforehand to email@example.com.
During the chat, AARP will discuss its Fraud Watch Network, and the NCUA will share resources from its MyCreditUnion.gov consumer information website and the agency’s “Scams Targeting Seniors” video. The moderators will ask participating credit unions to discuss their efforts to protect elderly members from financial abuse.
A recent Credit Union Front Line newsletter article examined this subject, showing that as the elderly population increases, seniors are likely to become more vulnerable. The article outlines a number of red flags to look for when it comes to banking patterns and interactions with seniors and their caregivers.