New Hampshire Credit Unions: Senior Financial Exploitation Review and Update - June 20, 2019

Elder financial exploitation is the illegal or improper use of an older person’s funds, property or assets. Studies show that financial exploitation is the most common form of elder abuse and yet only a small fraction of incidents are reported. Estimates of annual losses to older adults have ranged from $2.9 billion to $36.5 billion a year.

In a recent report by the Consumer Financial Protection Bureau’s Office of Financial Protection for Older Americans, suspicious activity reports (SARS) quadrupled during the period 2013 to 2017. Data showed that adults ages 70 to 79 had the highest average monetary loss, at $45,000, with one third of those who lost money being 80 years of age and older.

Member credit unions of the Cooperative Credit Union Association continue their campaign to combat senior financial exploitation. To date, more than 3,000 credit union employees have become certified in recognizing the signs of elder financial abuse through the program, CU Senior Safeguard. Credit unions also are continuing their efforts to raise public awareness of elder financial exploitation through both radio and community educational events.

In support of these efforts, CCUA is hosting a mini-workshop for its member credit unions in New Hampshire. The workshop, scheduled for June 20th at America’s Credit Union Museum in Manchester, and presented by the Elder Abuse and Exploitation Unit of the NH Attorney General’s Office, will review current data on elder financial exploitation; mandatory reporting; the law and its application to those working at a credit union.

Stay updated on this important topic for your credit union and your members.

Register today for this complementary workshop!

NH Credit Unions: Senior Financial Exploitation Review and Update

Presented by:

Sunny Mulligan Shea
Victim Witness Advocate
Elder Abuse and Exploitation Unit
New Hampshire Attorney General’s Office

Brandon Garod
Assistant Attorney General
New Hampshire Attorney General’s Office

Times:  10:00 a.m. to 12:00 Noon

Location:
America's Credit Union Museum
418 Notre Dame Avenue
Manchester, NH  03102

« RETURN TO EVENT CALENDAR

June 20, 2019 10:00 am - 12:00 pm

VENUE INFO

America's Credit Union Museum
418 Notre Dame Avenue
Manchester, NH  03102

Elder financial exploitation is the illegal or improper use of an older person’s funds, property or assets. Studies show that financial exploitation is the most common form of elder abuse and yet only a small fraction of incidents are reported. Estimates of annual losses to older adults have ranged from $2.9 billion to $36.5 billion a year.

In a recent report by the Consumer Financial Protection Bureau’s Office of Financial Protection for Older Americans, suspicious activity reports (SARS) quadrupled during the period 2013 to 2017. Data showed that adults ages 70 to 79 had the highest average monetary loss, at $45,000, with one third of those who lost money being 80 years of age and older.

Member credit unions of the Cooperative Credit Union Association continue their campaign to combat senior financial exploitation. To date, more than 3,000 credit union employees have become certified in recognizing the signs of elder financial abuse through the program, CU Senior Safeguard. Credit unions also are continuing their efforts to raise public awareness of elder financial exploitation through both radio and community educational events.

In support of these efforts, CCUA is hosting a mini-workshop for its member credit unions in New Hampshire. The workshop, scheduled for June 20th at America’s Credit Union Museum in Manchester, and presented by the Elder Abuse and Exploitation Unit of the NH Attorney General’s Office, will review current data on elder financial exploitation; mandatory reporting; the law and its application to those working at a credit union.

Stay updated on this important topic for your credit union and your members.

Register today for this complementary workshop!

NH Credit Unions: Senior Financial Exploitation Review and Update

Presented by:

Sunny Mulligan Shea
Victim Witness Advocate
Elder Abuse and Exploitation Unit
New Hampshire Attorney General’s Office

Brandon Garod
Assistant Attorney General
New Hampshire Attorney General’s Office

Times:  10:00 a.m. to 12:00 Noon

Location:
America's Credit Union Museum
418 Notre Dame Avenue
Manchester, NH  03102