Help Elderly Members Keep More Of Their Hard-Earned Savings

Elder financial exploitation has always been a concern and is only growing due to new technologies and strategies. Earlier this year, AARP estimated that elderly victims lose more than $28 billion annually to fraud attacks.

To further exemplify the problem, Americans over age 70 hold more than 30% of the nation’s wealth but make up only 11% of the population. Baby boomers make up a large share of credit union members and hold much of the assets, making elder financial fraud not just a social issue, but a direct institutional risk.

Michigan Legacy Credit Union acknowledges this as a serious threat to its community and its leaders are taking action in a new way. In partnership with the Institute of Gerontology at Wayne State University, the cooperative launched a pilot program based on scientific evidence that helped reduce reports of elder fraud by 50%.

In this exclusive webinar, Carma Peters, CEO of Michigan Legacy Credit Union, will share how the credit union is using research-backed strategies to identify and stop elderly fraud before it starts causing harm.

What you’ll will learn:

How the cooperative was able to set up a successful pilot program.
What measurable results the program has delivered so far.
Best practices and lessons learned that you can adapt for your own credit union.

Register Your Spot

Hear From Our Speaker

“There are a couple other credit unions he (Dr. Lichtenberg) has also helped, and he will absolutely do this for any credit union throughout the country. And it’s completely free.”

“Since its adoption, the number of reported incidents has dropped by more than 50%.”

“It (the pilot program) was actually one of the easiest implementations we’ve ever done”

- Carma Peters, CEO