Women of all ages and walks of life are in a unique place financially in today’s day and age, fulfilling more roles than in years past including that of professional, mother, homemaker, business woman, student, etc. More is expected of modern women and yet they still tend to earn less than their male counterparts. According to the US Census Bureau, the median income of a woman with a bachelor’s degree is about 67 percent as much as that of a man with a bachelor’s degree--------Credit Unions Offering Unique Financial Strategies for Women
When a credit union employee suspects a member may be subject to fraud, they should initiate a careful conversation focusing on the nature of the transaction and external influences. The goal is to help the member identify red flags without the employee asking for sensitive personal information that the credit union should already have on file. Initial Verification Questions .pdf Before discussing the specifics of the suspicious activity, the employee should confirm the member's identity in accordance with established internal protocols. Questions About the Transaction/Activity If the member confirms they are conducting a suspicious transaction (e.g., a large wire transfer or purchase of gift cards ), the employee should ask questions to help the member pause and think critically: "What is the purpose of this transaction?" "Do you personally know the person or business you are sending money to?" "Have you ever met the...

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