Elder financial abuse is a form of elder abuse when a person or entity takes, secretes, appropriates or retains (or assists in the process) real or personal property of an elder to a wrongful use or with the intent to defraud, or both. In California, it is a crime under State Welfare and Institutions Code, Section 15610.30.
An elder is a person over age 65 who resides in the State of California. (The definition of an elder can vary from state to state)
Sierra Central Credit Union is committed to maintaining and protecting the privacy and financial security of the accounts and loans of its elder and dependant adult members. Upon review of facts concerning a transaction involving an elder or dependent adult, Sierra Central Credit Union may act as a permissive reporter who chooses to report suspected financial abuse to the appropriate authorities.
Please visit the following websites to learn more about Elder Financial Abuse: