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The Illinois Credit Union League  was honored at the second annual Summit on the Prevention of Elder Financial Fraud and Abuse by the Illinois Department of Financial and Professional Regulation and Illinois Department on Aging for supporting legislation protecting elderly credit union members from financial abuse.

In 2010, the ICUL worked with state officials who amended the Illinois’ Elder Abuse and Neglect Act, which required financial institutions to provide elder abuse recognition training to their employees.  The league said it also assisted with the development of the joint rulemaking to implement the new statutory requirement.

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Peter Strozniak


Credit Union Times

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