MembersOwn Earns AARP BankSafe Initiative Designation
April 14, 2023 | News
MembersOwn Credit Union is proud to announce that we have earned the AARP BankSafe Trained Seal in recognition of our commitment to fighting financial exploitation.
Per AARP’s website, BankSafe helps the financial industry better meet consumers’ financial needs and safeguard their assets. The initiative focuses on four key areas:
- Preventing financial exploitation
- Empowering family caregivers
- Helping those with dementia
- Making banking tools and environments easier to access
With the average victim losing $120,000, prevention of financial exploitation is critical to AARP’s and MembersOwn’s people first missions.
The award-winning BankSafe Initiative conducts research into consumer insights, creates partnerships between people over 50 and the financial industry, and has developed BankSafe’s innovative training platform to help financial professionals identify and stop suspected exploitation.