Saturday, November 22, 2014

Firefighters host benefit hockey game for Nashville EMT


The benefit was for Maria Pothast, an EMT with the Nashville Fire Department, who has an inoperable brain tumor.

"Every bit of this money will go to Maria to help her offset some of her costs while she's out of work," said Mark Young, with International Association of Firefighters Local 140.

Volunteers helped sell tickets, t-shirts, blankets and raffle tickets for a chance to win a guitar autographed by Aaron Tippin.

The Nashville firefighters took the ice, but they weren't the only ones skating for a cause. Firefighters from South Bend, IN, traveled at their own expense to play the local team.

"We put the word out," Young said. "The hockey team made contact in South Bend. They were all in, as they always are. It's a great event.

"We are so thankful for our hockey team," Young added. "They don't expect anything. They are doing this, all volunteers. We hope they don't twist an ankle, but we're proud of the hockey team."

Anyone can contribute to an account that has been set up in Pothast's name at the Nashville Firemen's Credit Union.

Bonnie Sensing
Main Office
P.O. Box 60567
908 Woodland Street
Nashville, TN 37206
Phone: 615-226-3473

Wednesday, November 19, 2014

NCOFCU - We are now a 501(c)(3) Non-Profit!

It’s Official!  NCOFCU is a Non-Profit Charitable Organization!
Our work thus far without this designation was only possible through the tremendous support from our firefighter credit union community. Now, as an official 501(c)(3) non-profit organization, we can do So. Much. More. !!

You may be asking: “Like what?” Well, allow us to share with you:

  • Apply for grants – before we were severely limited as most funders want you to be a non-profit organization in the eyes of the IRS
  • Accept Interns – College students can receive credit to intern with us at our conferences
  • Accept Donations -- both monetary and personal property – Thank you to those who personally donated without the tax exemption, but now you can not only claim some of your previous donations, but all of the ones you will make in the future
  • Solicit Donations – Most large businesses and small businesses love the opportunity to give back, you just gotta ask! …. And provide your non-profit status. Done!
  • Establish Endowment Funds -- for operational and scholarship programs
  • Give firefighter credit unions the ability to invest in a Charitable Donation Account (CDA) Investment which funds charitable contributions, like us!
  • Provide, through the above abilities, more conference/educational scholarships to credit union volunteers and staff members as well as assisting in the cost of the educational conference
But most of all, this solidifies our commitment to our membership and empowers our sustainability to continue to be a positive force in the credit union community.

So, where do you or a friends donate? Right here! :)

Grant J Sheehan
Executive Director

*The National Coalition of Firefighters Credit Unions, Inc. (NCOFCU) is a non-profit, 501(c) (3) charitable organization. Donors may deduct contributions as provided in IRC 170(c) (3) of the U.S. Tax Code.

Tuesday, November 11, 2014

“Happy Veterans Day”

Flag“Thanksgiving” is a day when we pause to give thanks for what we have.

“Veterans Day” is a day when we pause to give thanks to the people who fought for the things we have!

Monday, November 10, 2014

Richmond Fire & Police Credit Unions Join Forces

Michael Schwartz BizSense

The latest in a string of local credit union mergers is looking to bring city police and firefighters under one roof.

A deal is in the works to merge The Richmond Fire Department Credit Union and Richmond Police Department Credit Union.

The resulting institution will have 2,500 members and $21 million in assets. It will be renamed Richmond Virginia Fire Police Credit Union.

The two sides filed for state approval for the deal on Oct. 31, according to State Corporation Commission records.

Richmond Police Department Credit Union chief executive Alice Pope said she was not prepared to comment on the deal.

Wallace Garland, CEO of the Fire Department Credit Union said he could not comment at this time.

Letters to members state the credit unions hope to have the merger closed by around the first of the new year. Members of both credit unions have already approved the merger.


The Richmond Police Department Credit Union is housed in the police headquarters downtown on Grace Street. Photo by Michael Schwartz.

The Fire Department Credit Union is headquartered temporarily out of a small office at 1634 Ownby Lane, just around the corner from Richmond Fire Station #10.

It was founded in the 1920s by a handful of Richmond firefighters and currently has 1,500 members and $15.1 million in assets. It produced a profit of $82,000 through the first three quarters of the year, according to its financials filed with the National Credit Union Administration. That followed a profit of $119,000 for the full year 2013.

Richmond Police Department Credit Union has 1,000 members and $6.18 million in assets. It was founded in 1934. It operates out of the Richmond Police headquarters building at 200 W. Grace St.

It’s operating at a loss of $92,000 through the first nine months of 2014 and was in the red by $19,000 for all of last year, according to its NCUA filings.

The police and fire department deal is one of several mergers involving local credit unions in the last few years.

Many have involved larger credit unions absorbing smaller peers that were struggling to stay afloat. Others were a combination of similarly sized institutions looking to mergers as a way to expand their reach.

Friday, November 7, 2014

“Biz Lending” for Firefighter Credit Unions

As a follow up to our very successful business lending breakout session in San Diego, I am posting what our sponsor “Biz Lending” can do for you.

Please contact Murray Halperin 561-393-3770 or email at  for more information.

Down load Program at;

Cover Photo

Friday, October 31, 2014

Firefighters honored for heroic acts of bravery | Local News - WCVB Home

Fallen firefighter's children honored with dad's medal

BOSTON —Firefighters from 10 Massachusetts communities were honored Tuesday for heroic acts of bravery during the 25th annual "Firefighter of the Year" Awards ceremony.

The ceremony that was held at the John F. Kennedy Library and Museum in Boston also honored two Boston firefighters who died earlier this year in a Back Bay fire.

Watch report | Uncut: Amazing Grace performed

Firefighters honored for heroic acts of bravery | Local News - WCVB Home

Sunday, October 26, 2014

Credit Unions Dominate Apple Pay List

Firefighter credit unions on the list! check them out at: Quora, a user-sourced question and answer website. 

On the launch day of Apple Pay, NCUA Vice Chairman Rick Metsger said the majority of financial institutions involved with the technology are credit unions.

“An initial list of financial institutions signed-up for Apple Pay on its launch day reveals that more than two-thirds are credit unions,” Metsger said in a keynote address to the American Institute of CPAs’ annual conference on credit unions in Denver Monday.

“This demonstrates that America’s credit unions are ready, willing and able to meet the needs of American consumers for secure mobile payment systems,” he added.

To date, Apple has not publicly released the names of participating financial institutions. However, a list recently surfaced on Quora, a user-sourced question and answer website. The unsourced list showed that the majority of the more than 500 financial institutions listed are credit unions.

Credit Unions Dominate Apple Pay List

Tuesday, October 21, 2014

Ebola Preparedness and Firefighter Credit Unions

To all staff and volunteers,

The IAFF Has released the below video/s of interest to all firefighters and EMS personal related to Ebola education and response.

Since our credit unions serve those who are first responders, I felt it important to make these videos available to you, your staff and volunteers so that you can better understand any precautions your credit union should take. I am sure that NCUA will be checking your infection control policy, remember SARS?

Take a moment to watch and learn from these excellent presentations.

Grant Sheehan Executive Director

What is Ebola:

Stand Down Statement from IAFF GP: 

Additionally, the IAFC has provided an excellent resource page with links to; Background, Infection Control Guidance, Ebola Preparedness, 

Sunday, October 19, 2014

CUNA: 500 FIs commit to Apple Pay, says CEO Cook

News Now

500 FIs commit to Apple Pay, says CEO Cook

CUPERTINO, Calif. (10/17/14)--With commitments from 500 financial institutions, Apple said Thursday that Apple Pay, its much-discussed electronic wallet, will become available to U.S. consumers on Monday.
Through ApplePay, iPhone 6 and iPhone 6 Plus use Touch ID for purchases in stores and within apps. Touch ID authorizes purchases using the device owner's fingerprint, which is also used to access the device. Users of the just-announced iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8.
Apple Pay is designed to protect the user's personal information. It doesn't collect any transaction information that can be tied back to a user, and payment transactions are between the user, the merchant and the user's bank. Apple doesn't collect purchase history. Actual card numbers are not stored on the device, instead, a unique device account number is created, encrypted and stored in the secure element of the device.
Apple Pay supports credit and debit cards from the three major payment networks: American Express, MasterCard and Visa.
CO-OP Financial Services is in active negotiations with Visa and MasterCard to bring the lowest aggregated issuer fees to credit unions ( News Now Sept. 11). Brookfield, Wis.-based Fiserv has said that all Fiserv-processed debit and credit issuers have tokenization capabilities--the security measure used by Apple Pay--available to them through the Visa Token Service and MasterCard Digital Enablement Service.

CUNA: 500 FIs commit to Apple Pay, says CEO Cook

Tuesday, October 14, 2014

Firefighters Credit Unions San Diego Conference

IMG_3184Over 170 firefighters, credit union executives and their guests gathered in San Diego for NCOFCU’s annual meeting and conference. It was another very successful year with many comments, “the best ever!’

Updates from Diana Dykstra CEO, CA League, Elizabeth Whitehead, Director Region V NCUA, Jennifer Stockett, Senior Advisor in the Office of Financial Institutions CFPB, Steve Rick, Chief Economist for CUNA Mutual Group, as well presentations from Kevin Mahan of CUBED, Prescott Ford, Managing Director Regulatory Affairs First Empire Securities, Inc. and credit union CEO’s combined with roundtable discussions on working loan products and services made the conference a tremendous success!.

We are now looking forward to the “Go To Conference” in Nashville TN . This will be the “Year of Collaboration” among firefighter’s credit unions!
Save The Date  October 7-10,2015
 Save The Date

Sunday, September 28, 2014

Dayton Firefighters FCU Taps New CEO

By Peter Strozniak CU Times

Thomas Newton was appointed the new president/CEO of the $50 million Dayton Firefighters Federal Credit Union.

Newton will replace Charles Passenthal who will retire in mid-October, according to a Sept. 18 prepared statement from the board of directors of the Dayton, Ohio-based cooperative.

“We are very excited that Thomas is joining our team here at Dayton Firefighters Federal Credit Union,” Thomas Scott, board chair, said. “His dedication and proven track record will make him a strong leader for our credit union. We are looking forward to what he can bring to the credit union as president/CEO.”

Newton worked as SVP for member services at the $379 million Universal 1 Credit Union in Dayton. He also served as EVP of operations of the $87 million FirstDay Financial Federal Credit Union in Dayton, which merged with the $313 million River Valley Credit Union in Miamisburg, Ohio, April 1.

Newton has a Bachelor of Science degree from the University of Phoenix and a Master’s degree in management from Indiana Wesleyan University.

Since 2009, he also served as the secretary and treasurer of the Miami Valley chapter of credit unions.

Chartered in 1935, Dayton Firefighters FCU serves more than 3,800 members.

Monday, September 22, 2014

“Apple Pay” and Credit Unions

Just when you think you are caught up and what could be next? Here it is “Apple Pay”!

For the banks and credit card networks, Apple Pay could threaten some revenue streams, since Apple is getting a financial piece of every transaction. In return, the banking industry is hoping for improved POS security and privacy benefits as well as inroads into an expanded online and mobile purchasing universe.

Navy and AppleReports indicate that the financial services industry began working on the Apple Pay project in January 2013, when Apple had the first concrete conversations with the credit card networks. In the summer of 2013, Apple approached the top six banks involved in the project (American Express, Bank of America, Capital One Bank, Chase, Citi and Wells Fargo), without revealing what other banks were involved.

Willing participation of the top six banks as well as Barclaycard, Navy Federal Credit Union, PNC Bank, USAA and U.S. Bank suggests both Apple’s power in the mobile space and the recognition that there are other payment solutions being promoted that are not as willing to work with the banking industry. For instance, the Merchant Customer Exchange (MCX) would prefer to replace the card networks altogether. This is highlighted by the fact that the two most prominent members of MCX, Walmart and Best Buy, announced that they would not accept Apple Pay

To read more and see who the players are and how it will Impact Non-Participating Banks and Credit Unions visit -

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