NCUA, AARP offer June 24 webinar on preventing fin. abuse of elders

June 16, 2015

ALEXANDRIA, Va. (6/16/15)--Although national statistics are hard to come by, a 2011 MetLife Mature Market Institute study determined that the financial abuse of elder Americans costs seniors at least $2.9 billion annually.

Credit unions and consumers looking for tips on how to detect, prevent and report actual or suspected cases of such abuse can tune into a free, June 24 webinar on the topic, offered jointly by the National Credit Union Administration and AARP.

The one-hour webinar, "Avoiding Frauds and Scams: A Primer for Older Americans,” will begin at 2 p.m. (ET).

During the webinar, both NCUA and AARP experts will discuss:

  • Examples of frauds and scams;
  • Helpful prevention tips;
  • Guidance about safely conducting online financial transactions; and
  • Information on AARP’s Fraud Watch Network initiative.

The webinar is part of an ongoing series of joint educatoinal events being jointly offered after NCUA and AARP signed a memorandum of agreement last September.

Online registration for the June webinar is available here. Participants will also use this link to log into the webinar. Registrants should allow pop-ups from the website and are encouraged to submit questions in advance at

Under the Federal Credit Union Act, promoting financial literacy is a core credit union mission. As credit unions serve the needs of their members and promote financial literacy within their communities, the NCUA is working to raise consumer awareness and increase access to credit union services. The NCUA also participates in national financial literacy initiatives, including the Financial Literacy and Education Commission, an interagency group created by Congress to improve the nation’s financial literacy and education.

Other Resources

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