CU Direct launched a product taking aim at the growing problem of identity theft and fraud among elderly credit union members, according to the Scottsdale, Ariz.-based Vero, which is a division of the CUSO.
The product, called ElderIDPro, provides data breach recovery services for credit union members who are 60 and older. The Franklin, Tenn.-based NXG Strategies is the service provider.
"This service provides an ultimate safety net to elder members while helping credit unions better address the legal stress of adhering to state elder abuse laws," Vero Senior Vice President of Identity Theft Solutions Jim McCabe said.
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