10 Tips to Protect Seniors from Financial Exploitation

Share This Page

  • Email

With 1 in 20 senior citizens in the U.S. reportedly being scammed out of their money, elder financial exploitation is something we should all be concerned about. It is important for older adults to have a trusted advocate in their later years. Whether you have witnessed this firsthand with loved ones, or you simply want to protect them before it’s too late, read these tips from AARP to keep the seniors in your life safe.

  • Think ahead. Talk to your loved ones about their wishes for the future and help them plan for it by designating power of attorney and healthcare directives. Consider giving someone else authority in financial matters if their physical or mental health is declining.
  • Stay connected. Keep in regular contact with your loved ones through frequent calls, texts, emails and visits.
  • Build trust with sensitive financial matters. Extreme privacy when handling money issues is common for senior citizens, but it also sets them up for vulnerability in that area. If no one else has eyes on their finances, they could be getting scammed for months without knowing it. Become the trusted financial advocate your loved one needs.
  • Set up separate accounts. If your loved one is willing, set up several separate accounts so that they aren’t completely wiped out should they fall victim to a scam.
  • Set up direct deposit. Have checks deposited directly into their account so others don’t have the opportunity to cash them.
  • Track financial activity. Look into financial tracking tools like EverSafe, which will track financial activity and make the user aware of any suspicious withdrawals or spending.
  • Know before you sign. Never sign any documents that you don’t understand.
  • Recognize the red flags. Unfortunately, most cases of elder financial abuse are committed by someone the victim knows. Be aware of the sudden reappearance of any friend or family member who has been largely absent in your loved one’s life or multiple requests to change account ownership.
  • Trust your gut. If something feels off or things are not adding up with your loved one’s finances, follow your intuition and get help.
  • Report any wrongdoing. If you’re convinced someone is scamming your loved one out of their money, contact your credit union and Adult Protection Services immediately and file a report with your local police department.
Contact Midwest

Member Benefits

Midwest Community MC Online

MC Online

  • Your money, on your schedule
  • Easily set up account and service alerts to help manage money and avoid fees
  • Latest in technology to keep your information secure
Learn More
Midwest Community Mobile App

MC Mobile

  • Securely access your accounts from your mobile device any time, anywhere
  • Pay bills, make deposits, pay friends, move money & more
  • Smart financial management and account protection with account alerts
Learn More
Midwest Community Debit Credit Cards

Debit & Credit Cards

  • Fast, convenient, easy access to your funds or line of credit
  • Security at your fingertips with Debit Card Freeze
  • No annual fees
  • Stay informed with VISA Debit & Credit Alerts
Learn More
Midwest Community Membership

You’re More Than an Account Number

  • Our goal is to help you achieve yours
  • More than a bank, we guide members to financial health
  • Access to Investment services/Retirement planning
Learn More
Midwest Community Personal Attention

Personal Attention, National Scale

  • Easy access to your money, at the branch and beyond
  • One stop, full-service
  • Access to 5,000+ Shared Branches through Shared Branching Co-Op
  • 12,000 free ATMs across the country through Alliance One
Learn More
Midwest Community Competitive Lending

Competitive Lending

  • Better rates, better future, better life
  • Personal & Business Loans
  • Private Student Loans & Consolidation Loans
  • Mortgage & Home Equity Loans
Learn More

Start Today.

Manage your money, the way you want!

Get Started

Learn More

We are growing!

Imagine the possibilities. At Midwest Community, we are well-known for advancing our employees and promoting from within at all levels of the organization. Take the first step in starting your career and grow with us!

Float Member Service Representatives – may have days scheduled at any location (Defiance, Bryan, Napoleon). Computer literacy is required and cash handling or banking experience is preferred.

Starting pay is $17.44 an hour
$19.62 an hour after 180 days of service
$21.79 an hour after 1 year of service

Please see the job overview for a list of duties. Resumes may be submitted to Andrew Scharlacken at ascharlacken@midcomm.org.

All are welcome. Midwest Community Federal Credit Union is an Equal Opportunity Employer.

We are growing!

Imagine the possibilities. At Midwest Community, we are well-known for advancing our employees and promoting from within at all levels of the organization. Take the first step in starting your career and grow with us!

Float Member Service Representatives may have days scheduled at any location (Defiance, Bryan, Napoleon). Computer literacy is required and cash handling or banking experience is preferred.

Starting pay is $17.44 an hour
$19.62 an hour after 180 days of service
$21.79 an hour after 1 year of service

Please see the job overview for a list of duties. Resumes may be submitted to Sondra Manon at smanon@midcomm.org.

All are welcome. Midwest Community Federal Credit Union is an Equal Opportunity Employer.

Investment Representative

The primary purpose of this position is to assist Midwest Community Federal Credit Union by delivering outstanding service to both internal and external members. A key element of excellent service is to identify the financial needs of each member and recommend an appropriate credit union solution. In addition, receives members in person and by telephone. Helps Member Investors reach financial goals utilizing our consultative sales process. In addition, responsible for ensuring that outstanding service is delivered to both internal and external members. A key component of this service is to provide proactive guidance on investment solutions via a needs-based consultative selling approach to both current and prospective Members who have placed an inbound call or referral to the Investment Representative.

For more details, please contact lfrysinger@midcomm.org.

Midwest Community Federal Credit Union is an Equal Opportunity Employer.

Member Service Representative

Midwest Community Federal Credit Union is looking for a Member Service Representative to process transactions, accurately perform end of day balancing procedures, follow company policies and utilize the core data processing system and various software applications, including electronic banking services. We are seeking candidates who are punctual, honest, friendly, and have outstanding communication skills. Please see the job description for a full list of duties. Resumes may be submitted to Sondra Manon at smanon@midcomm.org.

Midwest Community Federal Credit Union is an Equal Opportunity Employer.

Thanks for looking!

Unfortunately, there are no openings at this time.

Be sure to check back later or follow us on
social media for hiring announcements.