Premier Members Federal Credit Union employee Stephanie Schneider received an award for her work protecting an 85-year-old credit union member. She received the Elder Abuse Awareness and Prevention award at a ceremony on June 14.
The award comes on the same day the Consumer Financial Protection Bureau requested public comment on fraudulent or deceptive practices that target the elderly and their family. According to a release by the CFPB, studies have shown that American over the age of 60 lost at least $2.9 billion to financial exploitation in 2010, and from 2008 to 2010, there was an increase of 12 percent in the amount of money scammed from seniors.
Schneider noticed the possibility of financial exploitation when the member’s caregiver came into the branch and requested to be added to the member’s accounts. From there, Schneider took the necessary steps to prevent the abuse from continuing and collected as much information as possible for the police.
“We are very proud of and happy for Stephanie,” said Branda Abbott, President and COO. “She truly cares about our members and wants to help them out. I think this is a perfect example of how diligent she is in watching out for them.”
Schneider began working for Premier Members in 2007 and was promoted to branch manager in 2008. Prior to working for Premier Members, she worked in real estate for more than 10 years.