The CU2.0 Podcast

CU2.0 Podcast Episode 42 Walt Laskos, CCUA, on Credit Unions Fighting Elder Fraud

July 09, 2019 Season 1 Episode 42
The CU2.0 Podcast
CU2.0 Podcast Episode 42 Walt Laskos, CCUA, on Credit Unions Fighting Elder Fraud
Chapters
The CU2.0 Podcast
CU2.0 Podcast Episode 42 Walt Laskos, CCUA, on Credit Unions Fighting Elder Fraud
Jul 09, 2019 Season 1 Episode 42
Robert McGarvey
How credit unions are combating elder fraud - the CCUA case study
Show Notes

Elder fraud is big business. The FBI calculates last year's losses at over $700 million and involving two million seniors.

That's a lot of pain.

The scams are predictable. “Your grandson has been arrested. He’s in jail in Memphis.  You need to bail him out. It’s dangerous. Send $5000 in gift cards.”

There are variations. But the usual drill is that a relative has fallen into trouble and the senior can be the hero.

Horrible.

But now credit unions are entering this scene.

Here to tell us what credit unions are doing is Walt Laskos, senior vice president, strategic communications at the Cooperative Credit Union Association, a multi state league covering Massachusetts, New Hampshire, Rhode Island and Delaware.

Leagues - usually - spend the bulk of their time lobbying.

But CCUA is putting a lot of energy into fighting elder fraud and helping credit unions to do likewise.

It’s also very, very good PR for credit unions, says Laskos.  That’s not why CCUA does it but the side benefit is real.

Listen up as he talks about what CCUA is doing, with whom, and what the community reaction has been.

Hint: think very very positive

Listen up here.


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