Michigan Legacy Credit Union partners with Wayne State University Institute of Gerontology to fight financial exploitation of vulnerable adults
Michigan Legacy Credit Union (MLCU) announced it has launched a pilot program with Wayne State University’s Institute of Gerontology to help protect its vulnerable members from financial exploitation. The announcement was made by Michigan Legacy Credit Union President and CEO Carma Peters.
Scams and fraud targeting the elderly are more prevalent than ever, so how can credit unions be on the lookout for suspicious activity regarding their older members? Marvin Johnson shares some red flags to look out for and how to take action.