MembersOwn Earns AARP BankSafe Initiative Designation
February 1, 2023 | News
MembersOwn Credit Union’s commitment to fighting financial exploitation has officially been recognized with the AARP BankSafe Initiative stamp of approval.
Per the 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.
BankSafe conducts research into consumer insights, creating partnerships between people over 55 and the financial industry, and has developed BankSafe’s innovative training platform to help financial professionals identify and stop suspected exploitation.