June 15


Abbotsford, BC, June 15, 2018: : Elder abuse is a common, yet often invisible, form of exploitation that affects elderly people globally. It can appear in many forms including physical, emotional and financial abuse. On June 15, 2018, join Prospera Credit Union in recognizing World Elder Abuse Awareness Day and raising awareness for this global social issue.

Financial exploitation takes many forms. In Canada, elder abuse often appears in the form of theft, forgery, misuse of property and power of attorney, as well as denying access to funds. It is often unreported, partly due to the involvement of a family member, shame and embarrassment on the part of the victim, or the inability to report it because of cognitive or other impairments.

Risk factors for falling victim to financial exploitation include:

  • social isolation and lack of support networks
  • cognitive impairment
  • emotional or physical dependence on the perpetrator
  • financial dependence of the abuser on the older person

“Seniors have the same rights as any other age group and deserve to live a life free from abuse,” said Shawn Good, President & CEO of Prospera Credit Union. “It is important for Prospera to educate our staff so that they can recognize the warning signs of elder abuse. Our goal is to make a meaningful difference in the lives of our members and helping them avoid financial distress is one of our top priorities.”

The BC Association of Community Response Network provides education and support to promote communities that are free of abuse for vulnerable adults. The network is comprised of formal groups of frontline people (police, social workers, caregivers and healthcare professionals) who come together at the community level to create a coordinated response to abuse and offer support.

The association is focused on:

  • Promoting the well-being of older adults
  • Working to increase community awareness
  • Developing resources to address elder abuse
  • Strengthening the right to safety, respect and dignity

Currently, the association has services available in 133 BC communities and over 1,000 community organizations are connected to the network, with new communities continually being added. In addition to information about workshops and other resources on their website, the association has a helpful brochure that describes what to look out for and how to respond if you suspect someone is the victim of abuse.

The BC Centre for Elder Advocacy and Support also operates a provincial Seniors Abuse and Information Line (SAIL). SAIL provides a safe way for seniors and those who care about them to obtain assistance, support and information about elder abuse. The toll free number is 1-866-437-1940 and service is available from 8:00 am to 8:00 pm seven days a week.

Finally, if you suspect abuse or neglect, don’t assume that someone has already reported it, and in cases of immediate danger call 911.

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About Prospera Credit Union
Building on more than 65 years of history in British Columbia, Prospera Credit Union is proud to be a member owned co-operative enterprise with operations that extend from Vancouver to Kelowna. As a full service financial institution that prides itself on building relationships, we serve our members through sixteen branches; online and mobile banking; and a locally-based contact centre. Through our membership in The Exchange network, our members enjoy fee-free access to more than 2,300 ATMs across Canada.

Making life better for everyone is important to us at Prospera. With an extensive community investment program devoted to supporting the organizations, events and volunteers that make our communities stronger, Prospera makes a meaningful difference in the financial well-being of our members and our communities.

To learn more about our community investment programs, check us out on YouTube, Facebook, Instagram and Twitter.

For all the latest news from Prospera Credit Union, visit our newsroom online at prospera.ca.

For more information, please contact:

Jessica Thiessen,
Manager, Communications
604.953.3757 or jthiessen@prospera.ca.

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