NCUA Offers Older Americans Valuable Information on Managing, Protecting Money

ALEXANDRIA, Va. – During Older Americans Month, the National Credit Union Administration (NCUA) is highlighting its online resources to help older adults manage money and protect against fraud and exploitation.

“During May, we are highlighting NCUA’s educational resources that address the unique financial and consumer protection needs of older Americans,” NCUA Board Chairman Rodney E. Hood said. “The theme of Older Americans Month is, ‘Connect, Create, Contribute,’ and the NCUA strives to connect older credit union members with important information to create greater personal financial security and contribute to their overall well-being. This includes both money management information as well as advice for how to recognize and protect themselves from elder financial abuse.”

The NCUA now has a video highlighting financial exploitation of older adults, and the agency offers information resources to help prevent elder financial abuse and avoid financial scams specifically targeting older people.

The Aging and Managing Finances section of the consumer website also offers information on planning for long-term health care expenses and financial considerations of reverse mortgages,

Throughout the month, the NCUA will be posting helpful tips and consumer advice on social media sites. Follow and share on Twitter and the agency’s Facebook page.