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State Employees’ CU to introduce new senior fraud prevention program

State Employees’ Credit UnionState Employees’ Credit Union will roll out a new fraud prevention program this spring aimed at protecting seniors from financial exploitation and has partnered with a legal services firm to help older members.

The credit union recently teamed up with Pisgah Legal Services, a non-profit legal aid service based in North Carolina. Pisgah will provide training and resources in elder law to credit union employees at 15 branches ahead of the rollout.

“We are very excited about SECU’s partnership with Pisgah Legal Services and the opportunity to bring senior exploitation issues to the forefront in order to help eliminate financial fraud and abuse,” Mary Ann Rice, the senior vice president of SECU’s Asheville-Biltmore Village branch, said. “Knowing the Credit Union and PLS are looking out for the interests of members in this [60-plus] demographic will be of great benefit not only to these members, but their families and communities as well.”

The completion of the pilot program in western North Carolina could serve as a model for the implementation of a future statewide initiative to provide seniors with access to legal services.

”We are so grateful for the partnership with State Employees’ Credit Union that will allow us to create a program that will counter this type of exploitation,” PLS Executive Director Jim Barrett said. “We hope that it will be replicated across the State.”

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