CU2.0 Podcast Episode 42 Walt Laskos, CCUA, on Credit Unions Fighting Elder Fraud

Elder fraud is big business. The FBI calculates last year’s losses at over $700 million and involving two million seniors.

That’s a lot of pain.

The scams are predictable. “Your grandson has been arrested. He’s in jail in Memphis.  You need to bail him out. It’s dangerous. Send $5000 in gift cards.”

There are variations. But the usual drill is that a relative has fallen into trouble and the senior can be the hero.


But now credit unions are entering this scene.

Here to tell us what credit unions are doing is Walt Laskos, senior vice president, strategic communications at the Cooperative Credit Union Association, a multi state league covering Massachusetts, New Hampshire, Rhode Island and Delaware.

Leagues – usually – spend the bulk of their time lobbying.

But CCUA is putting a lot of energy into fighting elder fraud and helping credit unions to do likewise.

It’s also very, very good PR for credit unions, says Laskos.  That’s not why CCUA does it but the side benefit is really.

Listen up as he talks about what CCUA is doing, with whom, and what the community reaction has been.

Hint: think very very positive

Listen up here.

Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available.

Find out more about CU2.0 and the digital transformation of credit unions here. It’s a journey every credit union needs to take. Pronto

Leave a Reply

Your email address will not be published. Required fields are marked *