Safe Banking for Seniors
Mauch Chunk Trust Company is joining the national effort to protect seniors from becoming victims of fraud and financial abuse through the "Safe Banking for Seniors" program. (View Press Release)
Each year older customers lose approximately $2.9 billion to fraud, but it is suspected that number is drastically underestimated because only 1 in 44 seniors report financial abuse. Safe Banking for Seniors is a new financial education program established by American Bankers Association (ABA) Foundation to help combat this growing problem.
MCT encourages both seniors and their financial caregivers to read through tools & resources listed below to help prevent elder financial abuse and exploitation. Topics include avoiding scams, preventing identity theft, financial caregiving, powers of attorney, choosing executors, and more.
Mauch Chunk Trust also offers the following tips for seniors and their financial caregivers:
Elder Financial Exploitation
Need some guidance? Consider speaking with MCT’s Trust Department to assist your loved ones with Trust & Estate Planning, Financial Power of Attorney, and more. Visit our Trust Department page or contact Lisa Perry, Trust Department Manager at 570-325-0486.