Latest news with #Carefull
Business Wire
4 days ago
- Business
- Business Wire
Tucoemas Partners With Carefull to Strengthen Their Commitment to Financial Security, Education, and Community Resilience
NEW YORK--(BUSINESS WIRE)-- Tucoemas Federal Credit Union has chosen Carefull, the first financial safety platform purpose-built to protect older adults and their families from fraud, scams, and money mistakes, as its new financial safety partner. This partnership extends Tucoemas' long-standing mission of ' Rising Together, Anything is Possible ' by providing older members and their loved ones with proactive financial security tools and protection against today's growing threats of elder exploitation. "Whether it's romance scams, identity theft, or family members concerned about a loved one, Carefull gives us a scalable way to support our members and their caregivers before financial harm occurs." Share 'The fastest-growing population in California is adults over 65, and with that comes a responsibility to protect the people who helped build our credit union and our community,' said Brice Yocum, CEO of Tucoemas Federal Credit Union. 'Many of these members have been with Tucoemas for decades, and we want them to know how important they are to us. By partnering with Carefull, we're offering an additional layer of protection for our PrimeTimers and their families, giving them peace of mind as financial scams become more frequent and sophisticated.' Carefull's AI-powered platform monitors everything from suspicious transactions and credit activity to unusual behavioral patterns, detecting threats early and guiding members and their designated trusted contacts with clear, actionable steps to stop problems before they cause harm. In addition to fraud and scam detection, Tucoemas members will have access to Carefull's secure document and password vault, scam analysis for suspicious messages, and a robust library of fraud prevention and financial caregiving resources, all backed by $1M in identity theft insurance. The partnership builds on Tucoemas' existing PrimeTimers program, a financial wellness and outreach initiative tailored for older adults that offers fraud education, in-person seminars, newsletters, and direct communication. Carefull enhances these efforts by delivering ongoing, real-time protection and bringing family members into the prevention process. 'Financial elder abuse and scams are reaching epidemic levels nationwide, and we see the impacts firsthand here in our branches,' said Yocum. 'Whether it's romance scams, identity theft, or family members concerned about a loved one, Carefull gives us a scalable way to support our members and their caregivers before financial harm occurs.' For Tucoemas, the Carefull partnership reflects a broader, community-first approach to member service. Through programs like Pathways, Tucoemas has prioritized personalized financial coaching and education—empowering members with the tools they need to build lasting financial security. With more than 50 team members certified as financial counselors, Tucoemas continues to lead by example in addressing the needs of vulnerable populations, making sure they don't just talk the talk—but truly walk the walk when it comes to protecting and empowering their members. Carefull reinforces this approach, delivering alerts with self-resolution pathways, education, and resources to help members and their families stay informed, engaged, and protected. 'Protecting older adults requires more than just reacting to scams—it takes proactive education and community partnership,' said Todd Rovak, Co-Founder of Carefull. 'Tucoemas has shown true leadership in recognizing that financial security for older adults is about more than just transactions, it's about education, community protection, and empowering families. We're proud to partner with such a mission-driven credit union.' About Tucoemas Federal Credit Union Tucoemas has been serving Tulare County for over 75 years. With five branches in Tulare County, Tucoemas offers financial products and services to promote financial stability and empower opportunities in the community. Tucoemas offers checking and savings accounts, consumer loans, financial education, refunds foreign ATM fees, fee-free access to over 30,000 ATMs, and more. Additionally, Tucoemas has invested millions back into the community through local organizations, including The Valley Oak SPCA, Salt & Light, and The Source, among others. Tucoemas is proud to exemplify the credit union credo of 'Neighbors Helping Neighbors'. About Carefull Carefull is the first financial safety platform designed to protect aging adults and their families, from elder fraud, scams, and money mistakes. Built to support the unique needs of older adults, Carefull's proprietary AI provides 24/7 account monitoring, a suite of identity and home protections, along with expert resources to help families, advisors, and financial institutions safeguard families' financial well-being. Banks, credit unions, and wealth advisors use Carefull to deepen relationships across generations, provide proactive protection, and enhance trust with clients navigating both aging and financial caregiving for older adults. Recognized for its innovation in financial safety, Carefull partners with leading institutions to put financial care into financial services. Learn more at
Associated Press
4 days ago
- Business
- Associated Press
Tucoemas Partners With Carefull to Strengthen Their Commitment to Financial Security, Education, and Community Resilience
NEW YORK--(BUSINESS WIRE)--Jul 15, 2025-- Tucoemas Federal Credit Union has chosen Carefull, the first financial safety platform purpose-built to protect older adults and their families from fraud, scams, and money mistakes, as its new financial safety partner. This partnership extends Tucoemas' long-standing mission of ' Rising Together, Anything is Possible ' by providing older members and their loved ones with proactive financial security tools and protection against today's growing threats of elder exploitation. This press release features multimedia. View the full release here: Tucoemas Federal Credit Union has chosen Carefull, the first financial safety platform purpose-built to protect older adults and their families from fraud, scams, and money mistakes, as its new financial safety partner. 'The fastest-growing population in California is adults over 65, and with that comes a responsibility to protect the people who helped build our credit union and our community,' said Brice Yocum, CEO of Tucoemas Federal Credit Union. 'Many of these members have been with Tucoemas for decades, and we want them to know how important they are to us. By partnering with Carefull, we're offering an additional layer of protection for our PrimeTimers and their families, giving them peace of mind as financial scams become more frequent and sophisticated.' Carefull's AI-powered platform monitors everything from suspicious transactions and credit activity to unusual behavioral patterns, detecting threats early and guiding members and their designated trusted contacts with clear, actionable steps to stop problems before they cause harm. In addition to fraud and scam detection, Tucoemas members will have access to Carefull's secure document and password vault, scam analysis for suspicious messages, and a robust library of fraud prevention and financial caregiving resources, all backed by $1M in identity theft insurance. The partnership builds on Tucoemas' existing PrimeTimers program, a financial wellness and outreach initiative tailored for older adults that offers fraud education, in-person seminars, newsletters, and direct communication. Carefull enhances these efforts by delivering ongoing, real-time protection and bringing family members into the prevention process. 'Financial elder abuse and scams are reaching epidemic levels nationwide, and we see the impacts firsthand here in our branches,' said Yocum. 'Whether it's romance scams, identity theft, or family members concerned about a loved one, Carefull gives us a scalable way to support our members and their caregivers before financial harm occurs.' For Tucoemas, the Carefull partnership reflects a broader, community-first approach to member service. Through programs like Pathways, Tucoemas has prioritized personalized financial coaching and education—empowering members with the tools they need to build lasting financial security. With more than 50 team members certified as financial counselors, Tucoemas continues to lead by example in addressing the needs of vulnerable populations, making sure they don't just talk the talk—but truly walk the walk when it comes to protecting and empowering their members. Carefull reinforces this approach, delivering alerts with self-resolution pathways, education, and resources to help members and their families stay informed, engaged, and protected. 'Protecting older adults requires more than just reacting to scams—it takes proactive education and community partnership,' said Todd Rovak, Co-Founder of Carefull. 'Tucoemas has shown true leadership in recognizing that financial security for older adults is about more than just transactions, it's about education, community protection, and empowering families. We're proud to partner with such a mission-driven credit union.' About Tucoemas Federal Credit Union Tucoemas has been serving Tulare County for over 75 years. With five branches in Tulare County, Tucoemas offers financial products and services to promote financial stability and empower opportunities in the community. Tucoemas offers checking and savings accounts, consumer loans, financial education, refunds foreign ATM fees, fee-free access to over 30,000 ATMs, and more. Additionally, Tucoemas has invested millions back into the community through local organizations, including The Valley Oak SPCA, Salt & Light, and The Source, among others. Tucoemas is proud to exemplify the credit union credo of 'Neighbors Helping Neighbors'. About Carefull Carefull is the first financial safety platform designed to protect aging adults and their families, from elder fraud, scams, and money mistakes. Built to support the unique needs of older adults, Carefull's proprietary AI provides 24/7 account monitoring, a suite of identity and home protections, along with expert resources to help families, advisors, and financial institutions safeguard families' financial well-being. Banks, credit unions, and wealth advisors use Carefull to deepen relationships across generations, provide proactive protection, and enhance trust with clients navigating both aging and financial caregiving for older adults. Recognized for its innovation in financial safety, Carefull partners with leading institutions to put financial care into financial services. Learn more at View source version on CONTACT: Media Contacts: Carefull Becky Ross [email protected] Federal Credit Union Rylee Yocum [email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING TECHNOLOGY PROFESSIONAL SERVICES SENIORS SECURITY APPS/APPLICATIONS SOFTWARE ARTIFICIAL INTELLIGENCE FINTECH CONSUMER FINANCE SOURCE: Carefull Copyright Business Wire 2025. PUB: 07/15/2025 09:05 AM/DISC: 07/15/2025 09:05 AM
National Post
18-06-2025
- Business
- National Post
CIBC Innovation Banking Provides Growth Financing to Carefull to Accelerate Expansion
Article content SAN FRANCISCO — CIBC Innovation Banking is pleased to announce a growth capital financing to Carefull, a leading financial safety platform focused on protecting aging adults from financial fraud and exploitation. This financing will further accelerate the company's expansion, bringing its innovative financial protection solution to more families, financial institutions, and wealth managers. Article content Carefull's AI-powered platform was designed in direct response to the growing threat of financial fraud targeting aging adults. Carefull recognizes suspicious behaviors, from romance scams and fake charities to unusual transactions, money mistakes, and early warning signs of cognitive decline. By proactively scanning financial activity, Carefull provides real-time alerts and expert-driven educational resources that help prevent small issues from becoming devastating financial losses. Article content 'We are excited to work with CIBC Innovation Banking as we continue developing innovative solutions to meet the growing needs of aging adults and financial caregivers,' said Todd Rovak, Co-Founder of Carefull. 'Having access to additional funding allows us to deepen our impact and extend our reach, ensuring more older adults and their loved ones are protected from financial risks.' Article content This opportunity for funding comes as Carefull continues its strong growth trajectory, expanding its partnerships across the financial services industry with banks, credit unions, and wealth advisors. By seamlessly integrating its protections into the financial ecosystem, Carefull not only protects older adults but also empowers financial institutions to enhance client trust, deliver differentiated experiences, and deepen multi-generational relationships. Article content 'Carefull's mission to help families and loved ones avoid financial missteps is deeply aligned with what CIBC Innovation Banking values in the companies we work with,' said Brittany Blanco, Director, CIBC Innovation Banking. 'We are thrilled to provide financing support to help the company accelerate delivery to more individuals.' Article content About CIBC Innovation Banking Article content CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. About Carefull Carefull is the first financial safety platform designed to protect aging adults and their families from elder fraud, scams, and money mistakes. Built to support the unique needs of older adults, Carefull's proprietary AI provides 24/7 account monitoring, a suite of identity and home protections, along with expert resources to help families, advisors and financial institutions safeguard families' financial well-being. FIs and wealth advisors use Carefull to deepen relationships across generations, provide proactive protection, and enhance trust with clients navigating both aging and financial caregiving for older adults. Recognized for its innovation in financial safety, Carefull partners with leading institutions to put financial care into financial services. Learn more at Article content Article content Article content Article content Article content Contacts Article content Media Contacts Article content Article content CIBC: Katarina Milicevic, Article content Article content
Yahoo
14-06-2025
- Business
- Yahoo
Before Your Parents Retire, Make Sure You Ask About These 6 Things
Retirement is one of the biggest career and life transitions that people ever go through, and 71% of baby boomers say they feel behind on saving for it, according to a 2022 survey. If you're an adult child of someone nearing retirement, you may also be wondering and worried about how they are going to manage it. Time is of the essence. 'These conversations need to happen sooner rather than later. It gives you and your parents more time to plan,' said Cameron Huddleston, the author of 'Mom and Dad, We Need To Talk: How To Have Essential Conversations With Your Parents About Their Finances' and the director of education at Carefull, a financial service for aging adults. 'It gives them more options when it comes to saving for retirement, planning for long-term care. You don't want to wait for emergencies, because then you have fewer options — sometimes no options at all.' But it's also a sensitive topic that should be handled without judgment or blame. These talks can only work if adult children are collaborators with their parents instead of bossy, said Nancy K. Schlossberg, a retired professor of counseling psychology and the author of 'Retire Smart, Retire Happy: Finding Your True Path in Life.' 'Older people don't want their sovereignty taken away,' Schlossberg said. 'You have to be able to not take such a strong position — that 'this is the way to do it, this isn't.' What you want as an adult child is to be helpful and find out what would be helpful.' Here are the best conversation starters you can ask and the most important resources to share with your parents: When you ask your parents whether they have thought about retiring, you want to listen more than speak. Schlossberg suggested questions like 'Do you want to talk about your expectations as you retire?' and 'As you look ahead, what are you thinking about?' The role of a collaborator is to help your parents uncover options. That means withholding judgment about what your parents decide to share with you. Instead of making a negative accusation like 'You are not going to be able to take care of this house. This house is too big for you,' Huddleston said to focus on highlighting the benefits within different options.'Make it all about your parents and looking out for their best interest,' she said, suggesting questions like 'Oh, you want to get care at home? Is your home set up for you to age in place?' If your parents are at a loss over how they want to spend their time, ask if there is a field that interested them but that they never had a chance to explore, Schlossberg said. If they state 'I've always wanted to be X, but there are no possibilities,' then you can respond with 'Well, let's look at some options. Let's see if we can uncover some together,' she said. This is also a time to exchange realistic expectations for how involved your parents want to be in your day-to-day life. For example, you might be expecting your parents to help out with caregiving for your children, and they may have totally different plans. Schlossberg recalled one woman guiltily telling her: 'My daughter who lives in another state expects me to come up and babysit as much as I can. I'm not retiring to be a babysitter.' If your parents tell you that they have not been saving at all, it can be helpful for you to note that they still can. 'It's never too late,' said David John, a senior strategic policy adviser who works on retirement savings issues at the AARP Public Policy Institute. 'But leaving it to the last moment can cost you in ways both financially and emotionally to discover that you had expected something and that you found that you really don't have the resources to meet that goal.' The right amount of how much to save varies from person to person. 'The important level is, are you saving somewhere in the neighborhood of, say, 8-10% of your income into a retirement plan?' John said. If that's a huge adjustment, he suggested that people ease their way into it by starting with 3% to 4% and increasing that figure — for example, as a contribution to an employer-sponsored plan like a 401(k) or to an individual retirement account — by a percentage point each year. The IRS also offers catch-up contribution incentives that allow people ages 50 and up to contribute more to 401(k)s and IRAs. Some near-retirees may not want to talk about their finances at all, Huddleston said, but others 'might be incredibly receptive and have wanted to have these conversations with you, [but] they just didn't know how to start the conversations themselves.' And if your parents say they have it all figured out and do not need any insight, you can see for yourself by asking them for retirement-saving strategies, suggested Huddleston. 'It avoids that role reversal, and parents like to offer advice,' she said. 'Then you come back later [and say] 'Oh hey, thanks for sharing that advice with me. I did a little bit more research and I found this article that said you need to have this much in savings.'' Education in money management can make a big difference in a person's retirement. Swarn Chatterjee, a University of Georgia professor who studies retirement planning behavior, found in his research that individuals with higher financial literacy were more likely to plan for retirement, even when they lived in 'financial advice deserts' with few advisers. If your parents are open to your collaboration on a budget, 'help [them] map out what resources they have, from their current wealth to their savings and their debt,' Chatterjee said. 'Make an estimation of how much they will be able to spend down from that savings and for how long in retirement,' he said, as well as what their current expenditures are and what those will be when they retire. The bottom line is that financial education makes a big difference for how people retire. And if you can be a helpful resource for your parents, they could be better prepared for the road ahead. Hiring a financial adviser is one way for your parents to get professional help on preparing for retirement. But even if an adviser is not an option for them, there are other ways to get assistance. Some financial advisers charge by the hour, Huddleston noted, so your parents could potentially get a meeting or two to come up with a plan and create a budget. The national Garrett Planning Network can help you search for financial advisers in your area who charge by the hour. You can also contact a local office of the Financial Planning Association, which has chapters in different states, Huddleston said. 'Ask if they have any members who will do pro bono work or provide really discounted services to low-income families,' she suggested. The lack of financial advisers in underserved communities is a societal challenge, Chatterjee said. But you can still help your parents by getting them connected to online services instead, he added. Questions about the economics of retirement are not idle queries born of simple curiosity. Almost half of midlife adults expect to provide financial support to their parents in the future and are concerned about their ability to do so, according to a 2020 AARP survey. Getting clarity now on the assistance your parents need can help prevent headaches later on. They might need help paying for utilities, medical costs or housing, Chatterjee said. 'Maybe they do not help with all of it. But with some of it, it will help defray their financial stress,' he noted, recommending that adult children determine what assistance they can realistically provide. Huddleston said that adult children could pool money for a general emergency fund or instead choose to address one expense, like monthly premium payments on a long-term care insurance policy. If your parents need financial assistance that you cannot give them, it's OK to say: 'This is the help I can provide. I can point you to these resources, but I'm not going to help chip in for medical costs or stop working if you need hands-on care,' according to Huddleston. 'By doing this in advance, when those emergencies arise ... you are not going to be responding emotionally.' 'Most people don't really have a good idea about what kind of Social Security benefit they might qualify for and what else they are going to need,' John said. In a 2022 survey of nearly 1,900 adults across generations, almost half incorrectly thought that if they filed early for Social Security, their benefit would automatically increase upon reaching full retirement age. To give parents a better idea of what to expect, encourage them to create an online Social Security account. They can then compare the monthly retirement benefits they would receive by applying at different times between the ages of 62 and 70. 'You can say: 'Hey, Social Security has this great resource. If you set up a 'My Social Security' account, it's going to show you what your projected monthly benefits are,'' Huddleston said. Nearly 7 in 10 adults who are 50-plus believe that they will need assistance with daily activities as they get older, yet fewer than 3 in 10 have thought 'a lot' about how they will then continue to live on their own, according to a 2022 AARP survey of 1,000 people. Many adults incorrectly believe that Medicare covers all the costs of nursing homes or in-home care, Huddleston said. It does not — and long-term care can be pricey. In 2021, the national median monthly cost for a private nursing home room was $9,034. Medicaid, however, does cover long-term care for those who meet state eligibility requirements. Going to an elder care lawyer who specializes in Medicaid can help your parents navigate the system, Huddleston said. Veterans, meanwhile, may qualify for long-term care services provided by the Department of Veterans Affairs. And life insurance policies can have riders that let people use some of their monetary death benefits to cover care expenses while they are still alive. When talking to your parents, mention articles about the subject or use examples from people you know who got involved with caring for aging parents, Huddleston suggested. Ultimately, topics like these should serve as conversation starters to an ongoing discussion, so your goal should be to serve as a consistent resource of information on your parents' journey. 'One of the best things a kid can do for their parents is to help them see options,' Schlossberg said. 'The more options you see, the more you feel in control.' How To Save For Retirement When Your Job Doesn't Offer A 401(k) Plan 3 Signs Of A Medicare Scam Every Senior And Caregiver Needs To Watch Out For How Serena Williams Decided To Retire Is A Lesson For All Of Us
Business Wire
11-06-2025
- Business
- Business Wire
Caring Together: Carefull to Partner with the Alzheimer's Association to Protect Families
NEW YORK--(BUSINESS WIRE)-- Carefull, the first financial safety platform built specifically for older adults and their families, is proud to support the Alzheimer's Association in raising awareness of the financial warning signs of cognitive decline and equipping families with tools to take early, protective action to prevent fraud and mistakes. Carefull is proud to support the care, services and research initiatives of the Alzheimer's Association. The Alzheimer's Association will provide information and resources aimed at helping families affected by dementia navigate financial challenges on Carefull's website. "Alzheimer's disease comes with a daily financial reality for families, and we are beyond proud to be working with the Alzheimer's Association to ensure financial safety is part of the cognitive health conversation" Share Designed to detect early behavioral signals and safeguard day-to-day finances, Carefull offers both a window into the early stages of cognitive change and a system to help preserve the financial independence and wellbeing of those affected. Carefull partners with financial institutions nationwide to bring these protections directly to the families they serve. Each year, more than 900,000 Americans develop Alzheimer's disease, with 7.2 million people aged 65 and older currently living with the condition. Behind each diagnosis is a network of loved ones offering critical support— nearly 12 million unpaid caregivers in the U.S. provide more than 19 billion hours of care annually for individuals with Alzheimer's or other dementias. 'We're committed to working with organizations that share our mission to protect and support older adults and their families. This effort is about helping families see what's happening sooner and act with confidence,' said Todd Rovak, Co-Founder of Carefull. 'Alzheimer's disease comes with a daily financial reality for families, and we are beyond proud to be working with the Alzheimer's Association to ensure financial safety is part of the cognitive health conversation.' Growing evidence shows that financial missteps—like missed bill payments, rising credit card debt, or unusual generosity—can signal early cognitive decline, including Alzheimer's. Research from institutions such as Johns Hopkins, Georgetown, and the National Institute on Aging suggests these behaviors may surface up to six years before a clinical diagnosis. Identifying these financial warning signs offers a powerful opportunity for early intervention and support. Carefull turns this insight into action, offering families and caregivers proactive tools that can detect behavioral changes in financial activity. Through real-time alerts, Carefull ScamCheck, trusted contact infrastructure, and an expert and empathetic care team, Carefull provides early signals that allow families to act before small issues become life-altering crises, and deploy a system to safeguard someone who may become vulnerable to inbound financial scams. Long before a diagnosis, subtle financial changes like missed bills, unusual spending, or increased vulnerability to scams, can be among the first signs that something is wrong. Early detection of Alzheimer's can make a significant difference in how families respond, plan, and care for a loved one. About Carefull Carefull is the first financial safety platform designed to protect aging adults and their families, from elder fraud, scams, and money mistakes. Built to support the unique needs of older adults, Carefull's proprietary AI provides 24/7 account monitoring, a suite of identity and home protections, along with expert resources to help families, advisors, and financial institutions safeguard families' financial well-being. Banks, credit unions, and wealth advisors use Carefull to deepen relationships across generations, provide proactive protection, and enhance trust with clients navigating both aging and financial caregiving for older adults. Recognized for its innovation in financial safety, Carefull partners with leading institutions to put financial care into financial services. Learn more at About the Alzheimer's Association The Alzheimer's Association is a worldwide voluntary health organization dedicated to Alzheimer's care, support and research. Our mission is to lead the way to end Alzheimer's and all other dementia — by accelerating global research, driving risk reduction and early detection, and maximizing quality care and support. Our vision is a world without Alzheimer's and all other dementia®. Visit or call 800.272.3900.
