Saturday, August 29, 2015

NCOFCU Annual Meeting & Election

Notification of Annual Meeting & Election

Annual Meeting
The Annual Meeting of the members and Election results of NCOFCU will be held Saturday October 10th, 2015, 10:00 AM at NCOFCU’s Annual Meeting & Educational Conference in Nashville, TN.

Directors Election

The Board of Directors Election will be held by electronic ballot and the results will be announced at the Annual Meeting.

  • Nominations for the 3 recurring positions up for re-election are required to be either a staff member or volunteer of a paid member credit union.
  • Apply through the Nominating Committee by completing the Directors application on-line at; Directors Application   no later than 9/11/2015 11:59 p.m.

Protecting and preserving the vision and purpose of firefighter credit unions is paramount to the continued success of the firefighter credit union movement. The National Coalition of Firefighter's Credit Unions Inc. (NCOFCU), a 501 c 3 not for profit, is the only organization exclusively representing firefighters and their credit unions.  The coalition meets once a year at their annual conference and continues their established relationships through NCOFCU's Website, Newsroom, Facebook and Twitter This exclusive networking leads to the continued discussions of best business practices, products and services which cannot be found anywhere else.

Membership in NCOFCU is a great opportunity for your credit union to protect and preserve the vision and purpose of Firefighters and their Credit Unions by joining the coalition. Membership Application


Grant Sheehan Executive Director/CEO
National Coalition of Firefighters Credit Unions Inc.

Thursday, August 20, 2015

Minutes Show Fed Believes Economy ‘Approaching The Point’ Of A Rate Increase


SlideWASHINGTON — Federal Reserve officials believe the economy is “approaching the point” where “policy firming” will be needed—in other words, the point at which it will see a need to raise short-term interest rates.

The Fed’s Federal Open Market Committee released minutes of its July meeting yesterday with its members indicating they are still waiting on more evidence the economy has returned to solid footing before they will move on rates.

“Most judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point,” the released minutes state, adding nearly all of the FOMC committee members said “they would need to see more evidence that economic growth was sufficiently strong.”

Short-term interest rates have been near zero since the financial crisis, and regulators and other analysts have been cautioning credit unions for more than a year to prepare for a rate increase that has yet to materialize. Analysts continue to say they believe the Fed will move before year-end to raise short-term rates.

“Many members thought that labor market underutilization would be largely eliminated in the near term if economic activity evolved as they expected,” the minutes said.

The Federal Reserve has said it anticipates inflation will increase in the months ahead. Prices, excluding energy and food, are up 1.8% this year over 2014.

The minutes show that most committee members, including Chairwoman Janet Yellen, say they do not see a need to wait for prices to continue to increase before they would favor raising rates.

Tuesday, August 4, 2015

Boston Fire Dept. Gets Cancer Awareness Program


The Firefighter Cancer Support Network (FCSN) announced today it is providing occupational cancer awareness and prevention training to the Boston Fire Department (BFD). Since Commissioner Joe Finn  took the reigns, among numerous leadership changes, CANCER and his IAFF Local 718 Firefighters have become a major priority.

As you know, cancer is

the leading cause

of firefighter line-of-duty deaths in the United States. Cancer caused 60 percent of line-of-duty deaths for career firefighters between 2002-2014, according to International Association of Fire Fighters (IAFF) data. Naturally, volunteer and call Firefighters across North America even more so increase the overall numbers. DO YOU REALIZE:

Cancer has caused 67 (SIXTY SEVEN) percent of the Boston Fire Department's line-of-duty deaths for the same period....

"Boston firefighters develop cancer at a rate two-and-a-half times higher than other Boston residents," said BFD Commissioner Joseph Finn. "We have recognized cancer's effect on our firefighters, and FCSN's department-wide prevention training is an important part of our ongoing, comprehensive safety, health, and wellness program."

FCSN collaborated with Finn and leaders of IAFF Local 718 to bring its cancer-prevention training to Boston. "Since 1990, the Boston Fire Department has lost 160 members to cancer,"

said Richard Paris, president of IAFF Local 718. "It's a staggering number. We know that cancer is killing our members, and we're making a collaborative effort to save the lives of Boston firefighters. FCSN's training focuses on preventive measures the department and firefighters can take to reduce exposure to carcinogens and help avoid contracting this deadly disease."

FCSN President Bryan Frieders, a division chief with the San Gabriel (CA) Fire Department, praised Boston's collaborative, aggressive approach to reducing firefighters' occupational cancer risk. "Addressing the occupational cancer epidemic requires a cultural change for the fire service," Frieders said.

"Joe Finn and Richie Paris are leading from the front. Their work together with FCSN illustrates how effective labor-management relationships can be to enhance the safety and well-being of firefighters."

FCSN's training for the Boston Fire Department's 1,400 members began in July. Russell Osgood, a firefighter with the Portsmouth (NH) Fire Department and an FCSN state director, is FCSN's lead instructor for the Boston training. The Boston training is part of an FCSN pilot program funded by a FEMA Fire Prevention and Safety grant. FCSN's firefighter cancer prevention pilot combines FCSN's proven awareness and prevention training with a new train-the-trainer component. The train-the-trainer component will help FCSN ensure consistent, accurate education delivered with highly personal interaction by fellow firefighters and other qualified instructors. Please direct inquiries about FCSN's firefighter cancer prevention pilot to Tim Elliott

FCSN's 2013 white paper, "Taking Action Against Cancer in the Fire Service," provides lifesaving details about recognizing and reducing firefighters' cancer risks. An excerpt with 11 immediate actions firefighters should take to protect themselves, their families, and their fellow firefighters is available as a free download from The full white paper is available as a free download HERE:

Take Care. Be Careful. Pass it On.


The Secret List 8-3-2015-1445 hours

Friday, July 31, 2015

Tulsa Fire Museum Becoming Reality

The dream of building a place to honor Tulsa firefighters is becoming reality.

It’s happening thanks to a generous donor who bought the property on behalf of the department.
Fire officials said they've had their eye on this specific building for the past 10 years because it's part of the department's history. 
The Tulsa Fire Alarm Building east of downtown was the department's dispatch center for 50 years. After they moved out it was vandalized and damaged in a flood.

The American lung Association bought the building years later and restored it to its original state.

Once the department learned the Tulsa Fire Alarm Building was going up for sale six months ago they immediately took action. Leaders created a nonprofit to raise funds for the museum.

The department plans to display artifacts and photos, showcase fallen and retired firefighters and create an area for kids. 

“The downstairs will be interactive kids areas with things to play on. Old hose that are a climbing wall and a full fire truck cab the can sit in. It will provide a teachable moment for us that we can educate kids not only about fire safety but injury prevention in general,” said Deborah Bailey, Board Chair, Tulsa Fire Museum Inc.

They still need to raise $500,000 to open the museum by the end of the year or the beginning of 2016.

If you would like to donate to the Tulsa Fire Museum, there’s an account set up at the Tulsa Community Foundation and the Firefighters Credit Union

Fed still holds off on rate increase | 2015-07-30 | CUNA News


WASHINGTON (7/30/15)--Citing “moderate” economic expansion, the Federal Open Market Committee continues to do “a balancing act,” said CUNA Senior Economist Perc Pineda.

The Federal Reserve’s monetary policy-making body completed its meeting Wednesday without edging up the federal funds interest rate. Fed Chair Janet Yellen has said the committee will opt for an interest-rate increase sometime this fall. The July meeting, however, was not the time.

“The Federal Reserve continues to do a balancing act: the U.S. economy is not in a recession and definitely not overheating,” Pineda told News Now. “Changes in monetary policy after all are meant to influence an underperforming or an overheating economy.”

Household spending growth has been moderate, and housing has shown additional improvement, the committee said. Labor conditions continue to improve with declining unemployment and solid job gains.

Inflation is anticipated to remain near its recent low level in the near term, but the committee expects it to gradually rise to 2% over the medium term.

“The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run,” it said in its statement at the conclusion of Wednesday’s meeting.

Pineda said, “My sense is that raising federal funds rate is really a continuation of the gradual normalization of monetary policy that started last year with the end of quantitative easing (QE). If you look at the trend, monetary base has started to decrease last year when QE ended.  We at CUNA had said before that a rate lift-off may have some ‘announcement effect’ but definitely is not going to stall U.S. economic expansion.”

The baseline forecast is for the Fed to begin normalizing interest rates in September--the first of two increases this year--by raising the target range for the fed funds rate to between 0.25% and 0.5% from between 0% and 0.25%.

“If the Fed doesn’t begin normalizing interest rates in September it will be because of low inflation or strains in global financial market,” said Moody’s analyst Ryan Sweet ( July 29).

The committee next meets Sept. 16-17.

NCOFCU and Social Media

This is just a reminder that NCOFCU is is everywhere you want to be!

Stay informed as to what is happening at NCOFCU and the hundreds of followers of NCOFCU. Like Us, Follow Us

Stay in touch with the friends you meet at the conference, Share you thoughts and photos.

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Wednesday, July 29, 2015

Is Your Board Packet Online?


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Thursday, July 16, 2015


The Secret List

We regret to pass on to you that the Denver Firefighter who fell through a skylight while fighting a fire on June 28 died in the Line of Duty from his injuries last night.
John Whelan, a 15-year veteran of the department was taken to St. Anthony North Health Campus about 1945 hours with shortness of breath, according to a release from the Denver Fire Department. Whelan died less than an hour later after going into cardiac arrest.
Whelan was at the scene of a dumpster fire that broke out near an abandoned building at 3860 Blake Street on June 28th. He was on the roof of the building checking for damage when the skylight collapsed. Whelan fell 20 feet and suffered several injuries including a broken arm, broken ribs and internal injuries. More details will follow as a press conference is scheduled for this morning outside Denver Fire Headquarters. Our condolences to all those affected. RIP.

TSA PreCheck Reminder

If you have not done this, I highly recommend you do!

With plenty of summer days left to go, the Transportation Security Administration is continuing its PreCheck push.

Earlier this year the Transportation Security Administration (TSA) announced that more than 1 million travelers had registered for its time-saving PreCheck program. Now, as the summer goes into full swing, the agency is pushing to raise that number even higher with a new campaign to draw more on-the-go Americans.

For the uninitiated, the TSA’s PreCheck program allows vetted travelers to move more quickly through separate security screening lines and to skip standard protocols, including removing belts and laptops during preflight security checks.

To raise awareness of the program, the TSA will be sharing two new ads, one of which can be seen below, that explain the basic benefits of signing up.So if you still have some summer traveling on the books or perhaps to the NCOFCU Annual Meeting and Exposition in Nashville, find the closest application center among the 300-plus locations nationwide, get the paperwork sorted out, and remove some of the hassle from your trips.

TSA Pre enroll online at:

Tuesday, July 14, 2015

Join NCOFCU partner Vining Sparks this Thursday for their economic outlook webinar

If you are a portfolio manager, CFO, or CEO/president be sure to join NCOFCU partner Vining Sparks this Thursday, July 16, at 11 a.m. ET for its third quarter economic outlook webinar. Webinar

Vining Sparks' Chief Economist Craig Dismuke will evaluate economic developments and fixed income sector performance to identify risks and opportunities within the U.S. market.

To attend this free webinar register today! You will receive instructions to access the webinar after your registration is confirmed. If you do not receive a registration confirmation email, please contact Vining Sparks via email.

This educational event is offered to institutional investors only. Vining Sparks is a member of FINRA/SIPC.

Tuesday, July 7, 2015

Job Posting: Licensed Financial Advisor - San Francisco Fire Credit Union


Licensed Financial Advisor - San Francisco Fire Credit Union (San Francisco)

compensation: DOE

Join a winning team at San Francisco Fire Credit Union!
SF Fire Credit Union has over $900 Million on deposit and more than 52,000 members. SF Fire Credit Union aspires to maintain high standards to provide credit union members the full-service financial and investment services needed to help them make smart financial decisions. We are looking for the right person to help build the success of the investment program and help the credit union members make sound investment choices. To learn more about SF Fire Credit Union visit,
Representatives are employed by San Francisco Fire Credit Union and registered through CUSO Financial Services, L.P. (Member FINRA/SIPC). CFS is a broker/dealer and RIA with a stable 18 year track record of serving the investment needs of some of the nation's leading credit unions and their members. We offer Advisors a supportive back office staff, tomorrow's technology, a proprietary database for client information, and we clear through Pershing. To learn more about CUSO Financial Services, L.P., go to
Qualified candidates must have:
Licenses and Registrations: NASD/FINRA Series 6 (7 preferred), 63, (65 or 66 preferred) and Life, Accident, Health & Insurance licenses.
Clean U-4
Certified Financial Planner designation preferred
2 or more years of sales experience in the financial services industry, preferably in a bank or credit union environment
Outstanding communication and presentation skills
An advanced level of performance, requiring minimum supervision
Experience delivering high quality service in all interactions with clients, prospective clients, and staff within a financial institution
Commitment to supporting and contributing to a team-oriented culture
College Degree preferred
For immediate consideration please apply online at:
Relevant Word Search: Registered Representative, Advisor, Adviser, Certified Financial Planner, CFP, Financial Consultant, Investment Manager, Investment services, Mutual Funds, Investments, Chartered Financial Consultant, CHFC, Sales, Banking, Broker, Financial Services, Financial Professional, Financial Advisor, Insurance Sales, Bankers, Finance, Retirement Planning, Estate Planning, 401k, Life and Casualty, Asset Management, Wealth Management

  • Principals only. Recruiters, please don't contact this job poster.
  • do NOT contact us with unsolicited services or offers

Licensed Financial Advisor - San Francisco Fire Credit Union

Monday, July 6, 2015

Credit unions seek greater flexibility in business lending; Banks oppose changes


Nationally, business lending by credit unions grew to $51 billion in 2014 from $4 billion in 2000, according to the NCUA, which described the proposed change as an attempt to modernize rules for credit union business lending.

“This is the right approach at the right time,” NCUA Board Chairman Debbie Matz said in a statement. “It’s appropriate to move away from prescriptive regulatory limits to general principles providing credit unions with greater flexibility to serve their member businesses. Commercial lending may not be appropriate for every credit union, but that’s a strategic decision for each board of directors to make. Credit unions know their members better than we do, and this modernized business lending rule reflects that reality.”

Read complete article at; Credit unions seek greater flexibility in business lending; Banks oppose changes

Saturday, June 27, 2015

NCUA Confirms Periodic Membership Fee Ban for FCUs


The NCUA has confirmed that federal credit unions cannot charge periodic membership fees, according to a letter it sent to the American Bankers Association last month.

“FCUs may not charge periodic membership fees, but they may charge a uniform entrance fee and account or service-related fees,” NCUA General Counsel Michael McKenna wrote in the letter, which was dated May 1, 2015. “In a 1993 Legal Opinion Letter, No. 93-0226, NCUA opined that the mention of the entrance fee without the mention of other membership fees forecloses on an FCU’s ability to assess annual membership fees.”

Entrance fees and fees for account services and other financial products don’t count as membership fees, he said, and they can’t serve as a condition for continued membership.

NCUA Confirms Periodic Membership Fee Ban for FCUs

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