May is Older Americans Month, and NCUA is encouraging credit unions to educate their older members on how to avoid becoming a victim of elder abuse, including protecting themselves from fraud and exploitation.
“During May, we are highlighting NCUA’s educational resources that address the unique financial and consumer protection needs of older Americans,” NCUA Board Chairman Rodney E. Hood said. “The theme of Older Americans Month is, ‘Connect, Create, Contribute,’ and the NCUA strives to connect older credit union members with important information to create greater personal financial security and contribute to their overall well-being.”
As a reminder, NCUA has a number of resources available for older Americans on the agency’s consumer website, mycreditunion.gov. The site includes information on preventing financial abuse of the elderly and scams targeting older adults. The site also contains consumer-facing information on saving, credit and debit cards, preparing for life events, financial education and more.