On Thursday, August 22nd, HiTel FCU participated in the annual Radiothon for Kids! Kapiolani Hospital for Women and Children uses all proceeds from the event to support Hawaii families who are in financial need while receiving care.
The amazing crew of KSSK broadcasted from the dining commons of the hospital while our team manned the phones. We cheered on the listeners and encouraged them to pick up their phones and donate.
After our shift, our special friends, Yoko and Kalea, made a few visits around the children’s wing. The keiki were so happy to make new friends with our ladybug and turtle.
The radiothon was a huge success! They raised over $150,000!
This great article by Sheryl Nance-Nash via PBS.org answers important questions concerning those with elderly parents.
How to Protect Your Parents From Financial Fraud
Older Americans lost nearly $3 billion due to financial exploitation last year, so their children need to watch for telltale signs of scams
By Sheryl Nance-Nash | August 30, 2012
More than four in five experts say that financial abuse of the elderly is getting worse, according to a new survey of securities regulators, financial planners, law enforcement officials and others by the Investor Protection Trust, an investor education nonprofit. The federal government hopes to combat the problem with a new Elder Justice Coordinating Council announced by U.S. Health and Human Services Secretary Kathleen Sebelius at a June 14 White House symposium on elder abuse. “We’ve never had a coordinated federal response to elder abuse,” she said.
The frauds can happen in many ways: A shady contractor shows up at your dad’s home and applies high-pressure tactics to sell an unneeded, overpriced water purification system. Or a caregiver gets $50 to pick up groceries for your mom and keeps the $15 change. And the cumulative impact is enormous: Last year, older Americans lost nearly $3 billion because of financial exploitation, and the number of victims continues to rise.
Karen Roberto, Ph.D, director of both the Center for Gerontology and the Institute for Society, Culture and Environment at Virginia Polytechnic Institute and State University, talked with Next Avenue about the growing problem of elder financial abuse and how you can protect your parents from becoming targets.