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Senior Fraud Prevention

Ridgewood Savings Bank (Honorable Mention) - Ridgewood, NY

2023 Community Committment Awards Submission

  • Entry Category: Protecting Older Americans
  • Asset Size: Medium

As New York’s largest mutual savings bank, Ridgewood Savings Bank prioritizes the protection of older Americans in the 36 communities the bank serves through various programs and partnerships. With an online and social media reach of 60,000 subscribers and followers, Ridgewood organizes regular in-person events in the New York area, including a Cyber Monday Elder Fraud workshop, World Elder Abuse Awareness Day, and a workshop Promoting Senior Fraud Prevention. The programming helps to educate individuals about online scams, elder abuse, and fraud prevention. Additionally, Ridgewood Savings Bank offers its free online Ridgewood Financial Academy providing courses on preventing identity theft, managing finances following the loss of a loved one, reporting elder financial abuse, and planning for a financial caregiver, among others. These courses equip participants with the knowledge and tools to protect themselves and help ensure the financial security our senior citizens. Ridgewood Savings Bank's commitment to its many communities and partnerships with nonprofit organizations reflects its dedication to empowering and safeguarding older Americans.