Now more than ever, credit unions should be taking a comprehensive approach to combat the growing threat of elder financial exploitation.

Losses to elder fraud are estimated to be as high as $61.5 billion annually when accounting for underreporting of incidents, according to the Federal Trade Commission. In fact, the scope of the problem is so great that federal and state financial regulatory agencies recently issued a directive urging credit unions to adopt a range of strategies to prevent financial exploitation of older adults.

Download this checklist learn:

• Spot early warning signs of elder financial exploitation

• Equip staff to respond and report with confidence

• Strengthen monitoring beyond traditional fraud tools

• Use trusted contacts to intervene sooner and safer