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NCUA, AARP hosting webinar on preventing elder financial abuse

ALEXANDRIA, VA (June 15, 2015) – Credit unions and consumers looking for help detecting, preventing and reporting elder financial abuse can get valuable information during an upcoming webinar, “Avoiding Frauds and Scams: A Primer for Older Americans,” scheduled for Wednesday, June 24, beginning at 2 p.m. Eastern.

The National Credit Union Administration and AARP will host the webinar. There is no charge. During the webinar, 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.

Online registration is available here. Participants will also use this link to log into the webinar. Registrants should allow pop-ups from this website. The webinar will last one hour.

Participants are encouraged to submit questions in advance at moneywebinars@aarp.org. Participants with technical questions about accessing the webinar may email audience.support@on24.com.

Under a Memorandum of Understanding signed last year, NCUA and AARP are working on a series of initiatives aimed at promoting financial education and outreach, helping consumers achieve financial security and increasing access to responsible and affordable financial services.

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, NCUA works to raise consumer awareness and increase access to credit union services. 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.

NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 100 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.

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