At First Nebraska Credit Union, protecting the financial well-being of you and your loved ones is a top priority. June is Elder Abuse Awareness Month, a time to raise awareness of the financial exploitation and other forms of abuse that disproportionately affect older adults. Elder abuse can take many forms. It could be physical, emotional, or financial, and it could be due to neglect or due to exploitation. Often, elder abuse goes unreported due to fear, shame, or isolation.
Did you know? Financial exploitation is the most common form of elder abuse, often going unnoticed until significant damage is done. Scams, fraud, and manipulation by trusted individuals can leave lifelong impacts.
How you can help:
- Learn the warning signs of financial abuse
Sudden or unexplained account activity, unpaid bills despite adequate funds, or the presence of unfamiliar individuals at financial appointments may be red flags. Read more from the Consumer Financial Protection Bureau (CFPB)
- Check in regularly with older family members
Social isolation is a risk factor for abuse. Frequent, caring conversations can help catch issues early—and offer essential emotional support.
- Report suspicious financial activity
If you notice something unusual or out of the ordinary about a loved one’s account or behavior, don’t hesitate to contact us or your local Adult Protective Services.
Together, we can help protect the financial independence and dignity of older adults in our community. To learn more about how to recognize, help prevent, and respond to elder mistreatment, visit the National Center on Elder Abuse.
Need help or have concerns? If you suspect an older adult in your life has fallen victim to a scam or identity theft, contact us. Plus, with our top Checking Accounts, you have access to identity theft recovery services for up to three generations of your family, including your parents.
