The grim toll has skyrocketed from the 1,140 cancer cases reported last year.
In its latest tally, the World Trade Center Health Program at Mount Sinai Hospital counts 1,655 responders with cancer among the 37,000 cops, hard hats, sanitation workers, other city employees and volunteers it monitors, officials told The Post.
The tragic sum rises to 2,518 when firefighters and EMTs are added. The FDNY, which has its own WTC health program, said Friday it counts 863 members with cancers certified for 9/11-related treatment.
Continue reading full story at >> 2,500 Ground Zero workers have cancer | New York Post
Sunday, July 27, 2014
Wednesday, July 23, 2014
By Nicholas Ballasy July 22, 2014
LAS VEGAS – Credit union executives said Tuesday their institutions are making changes in preparation for a potential interest rate increase.
“We’re trying to stay shorter and shorter. Interest rates have nowhere to go but up so we’re holding everything pretty short so that when the rates do change, we can get into the longer term loans with better rates to match where they’re headed,” said Richard Smith, chairman of the board at the $376 million ProFed Credit Union in Fort Wayne, Ind., at NAFCU’s annual conference.
ProFed has also been selling off long term mortgage loans as another way to prepare for rising interest rates, he said.
“We’re selling those off and Freddie Mac is buying a lot of those. They are paying about 102% on those upfront so we’re staying short that way,” he said. “We’re still helping the members out when they come in wanting a mortgage, 15 or 30 years. We’re still doing the servicing so they feel like it’s still with us but at the same time we’ve gotten it off the books.”
CU Times asked Smith if his credit union decided to sell off long-term assets due to recommendations from its examiner.
“We started doing that on our own. The lead examiner-
Continued > >>Credit Unions Preparing for Rising Rates: Onsite Coverage
Friday, July 18, 2014
Facebook Calculator Drives Auto Loans for Chicago Credit Union
by Mary Wisniewski
JUL 17, 2014 4:20pm ET
As financial institutions struggle to find revenue-generating social media strategies, a Chicago credit union has achieved a surprising level of success from a simple tool: a loan calculator app on its Facebook page. Calcubot, the name of the calculator tool that connects to one running on its website, has helped generate nearly $1 million of auto loans for Alliant Credit Union since its November debut.
The tool, which lets people determine their monthly loan payments and optionally share them with friends and family, drove 478 prospects to Alliant's online auto loan application within the first four months, when the credit union actively promoted the tool on its website's homepage and through posts written on its social media channels. The credit union plans to prominently feature Calcubot again in coming months to grow sales leads.
"We are looking to increase engagement with social media and to drive more traffic to loan applications," says George Balchev, manager of digital channels for Alliant, an $8.1 billion-asset financial institution.
Alliant Credit Union, which has more than 270,000 members, created its Facebook page in 2009 and now counts more than 13,000 page likes.
Calcubot, created by a Berkeley, Calif.- based company called Shastic, estimates loan payments once a person enters in information like the selling price and down payment. It directs those interested to websites where they can apply for a loan.
Research shows the majority of U.S. car buyers use Facebook in their research.
Tuesday, July 15, 2014
5 Factors Fueling Credit Union Loan Surge
By Michelle A. Samaad July 14, 2014
Loan balances at credit unions are on pace to rise twice as fast as the average pace seen over the past two years.
That’s according to CUNA Mutual Group’s July Credit Union Trends Report, which tracked data through May.
Credit union loan balances rose 1.2% that month, almost twice as fast as the 0.65% average pace set in May 2012 and May 2013.
Total loan balances were up 3.3% year-to-date, versus 1.5% set during the first five months of 2013, the report noted.
What’s driving the surge in credit union lending?
“Rising consumer confidence, rising household expectations for income growth, an improving labor market, improved consumer balance sheets and credit unions gaining a larger piece of the consumer credit pie,” Rick said.
Indeed, the credit union share of the total U.S. consumer credit market rose in the last year from 8.4% in May 2013 to 8.9% today, he said.
Meanwhile, new auto loans led the pack with loan balances increasing 2.6% in May, versus 0.5% in May 2013, according to Rick. On a year-over-year basis, new auto loans were up 17.3%, which was the fastest pace since 1995.
“Credit unions are offering very competitive loan pricing; five-year new auto interest rates averaged 2.61%, 132 basis points below the bank average,” Rick said. “Moreover, longer-term loans are increasing the affordability of new cars. We expect 16.5 million cars sold this year, up from 15.5 million in 2013.”
In May, credit union auto loan balances rose 1.9% as 16.8 million cars and light trucks were sold in the U.S. at a seasonally adjusted annual rate, according to the trends report. June vehicle sales came in at 17 million.
Monday, July 14, 2014
Michael Tobler on Facebook
Tuesday, July 8, 2014
CEO Spotlight: Michael Tobler, Albany Firemen’s FCU
Mike Tobler was a firefighter long before he became the leader of Albany Firemen’s FCU. And for nearly 40 years, he’s combined the two roles to build an inspiring legacy of service. Tobler recently shared his experiences and insights for this month’s CEO Spotlight column.
Q: What led you to Albany Firemen’s FCU back in 1976?
A: My father was the credit union manager at the time, and I was a firefighter. I was asked if I would be a loan officer. I became the manager when my father retired in 1986.
Q: How have your experiences as a firefighter and Battalion Chief influenced your approach to leading the credit union?
A: I think the two jobs work well together, considering each involves the service of others. Both positions have taught me to work with people and to be prepared for change.
Q: Albany Firemen’s FCU was founded back in 1935 with a $2.50 loan to help a member purchase clothing. For more than 50 years, it operated out of a firehouse. How has this unique history helped shape the credit union?
A: I think that first loan exemplified the need for credit unions. What bank, even at that time, would write a loan for so little? I am proud that men with no financial background understood how important the credit union was to better their financial positions.
We used to have an envelope in each firehouse that our members would put their weekly payments in, and then we would collect the envelopes every Friday. During the 50-plus years we did that, we never lost any monies from those payments. I believe this shows how important the service was to our members.
Q: What’s your primary goal when you go into work each day?
A: To promote the credit union difference—not only in the way we do business, but also by making our members feel that they can depend on us.
Q: What do you view as your greatest accomplishment at the credit union?
A: I am very proud that I have been able to continue the one-on-one service we are known for while also bringing in new employees and services. I think we give special attention to our members, as our member service representatives work individually with each member in a private office space.
Q: What is Albany Firemen’s FCU most focused on for 2014?
A: Growing our membership. This is something that has been slowly accepted by our members, but it is necessary so that we can offer new services for a competitive price. We also have a second branch where we will be increasing our hours of operation and promoting family membership.
Q: How does it feel to see your daughter, Renee Cowan (also a firefighter), in a leadership role at the credit union?
A: I feel very proud, as does our board of directors. Renee is being trained to carry on our great tradition while promoting the future of our credit union.
Q: You’ve been on the Association board since 2007. What do you enjoy most about this role?
A: Being voted to the Association board of directors is probably one of my best accomplishments. I work with an amazing group of people who are committed 100 percent to the goals we all strive for. To have the opportunity to express opinions with leaders of all asset sizes is truly a learning experience, and it epitomizes our willingness to work together.
Q: What do you love most about being part of the credit union movement?
A: There is no doubt that credit union people care about one another. We may sometimes compete for the same member, but when one of us asks for help, others are there to assist. It reminds me of the brotherhood of firefighting.
Q: What do you enjoy doing when you’re not at work?
A: My family and I enjoy traveling and spending time together in Florida. My wife Dale and I enjoy our rides together in our red Corvette. I also enjoy snow and waterskiing, and certainly a round of golf.
Q: What’s the best piece of professional advice you’ve ever received?
A: My father, who was my hero, told me “the bottom line is important, but people come first.” Twenty years after his passing, members still are eager to tell me how he changed their lives through the credit union.
Q: How do you define success?
A: Knowing that things are better because of the actions I have taken. Big or small, I get the same feeling of satisfaction.
About CEO Spotlight:
Each month, the CEO Spotlight column features credit union leaders from around the state, offering an inside look at their experiences and insights. Previous CEO Spotlight columns are available on the Credit Union Association of New York website.
Monday, July 7, 2014
Since this seems to be an everyday occurrence, I though I would pass this article on to you. I continually receive questions on how to correct this theft and this is where I refer them. It is probably the most complete solution with easy to follow instructions.
Executive Director NCOFCU
Email account theft is rampant. If it happens to you, there are several steps that you need to take not only to recover your account, but to prevent it from being easily hacked again.
It seems like not a day goes by where I don’t get a question from someone that boils down to their email account having been hacked.
Someone, somewhere has gained access to their account and has started using it to send spam. Sometimes passwords are changed, sometimes not. Sometimes traces are left, sometimes not. Sometimes everything in the account is erased, both contacts and saved email, and sometimes not.
Sunday, June 22, 2014
By Bankston, Karen
When members step up to serve as directors, their credit union agrees to protect them from personal liability for carrying out their board responsibilities a promise that takes the form of directors and officers insurance as part of the organization's management liability coverage.
But with the incidence and costs of litigation on the rise in the financial services industry, according to a recent survey by the law firm Norton Rose Fulbright (www.nortonrosefulbright. com), how can directors ensure that adequate protections are in place? Specialists recommend regular reviews of the risk exposures facing your credit union with a special focus on regulatory and business expansions to ensure that your liability coverage is up to the task.
Credit unions are immune to the most common type of lawsuit filed against directors-the sort filed by stockholders unhappy with investment returns, notes insurance consultant Scott Simmonds (www.ScottSimmonds.com), Saco, Maine. And credit unions are unlikely to face legal action from regulators, like the Federal Deposit Insurance Corp.'s suits against shuttered savings and loans a quarter-century ago and against big banks rocked by securities losses more recently. A notable exception was the National Credit Union Administration's lawsuit against officers of the failed Western Corporate Federal Credit Union (WesCorp) in 2010; board members were not named in the complaint, and the case was eventually settled before going to trial.
As a director, you should be familiar with the indemnification provisions in your credit union's bylaws and other legal documents, says Jay Isaacson, director of product management with CUNA Mutual Group (www.cunamutual.com), Madison, Wis. These provisions specify under what circumstances the credit union can protect its directors and officers from legal claims associated with fulfilling their responsibilities to the organization.
Under Rule 750 of the NCUA Rules and Regulations, credit unions may indemnify directors as long as they fulfill their fiduciary responsibilities: the duty of care (e.g., attend meetings regularly, engage in board discussions, assess and understand financial reports, and make the best possible decisions for the organization), the duty of loyalty (consider the credit union's interests and avoid conflicts of interest), and the duty of obedience (comply with laws and regulations in carrying out their board responsibilities), Isaacson explains.
Thursday, June 19, 2014
For over 13 years firefighters from across the country have been meeting to collaborate on how they can better provide products and services to their credit union membership. Whether you serve on a firefighter, police, municipal or other credit union board or committee, this collaboration among your peer group of fellow firefighters is irreplaceable. Please take a minute and visit our website at www.ncofcu.org to see what awaits you.
Grant Sheehan Executive Director
National Coalition of Firefighters Credit Unions Inc.
Monday, June 16, 2014
The New York City Fire Department is advertising for positions.
Benefits and Salary
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As a New York City Firefighter, you will receive an incredible benefits package and a competitive salary that more than doubles in your first five years on the job.
But act now, the chance to join only comes every four years.
- Lifelong medical coverage for you and your family;
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- Up to four weeks paid vacation per year;
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Sunday, June 15, 2014
Fire Police Credit Union, FOP Ensure Summer Safety (VIDEO)By Chris Smurr - 21Alive
By Rachel Martin - 21Alive
June 14, 2014Updated Jun 14, 2014 at 6:39 PM EDT
FORT WAYNE, Ind. (21Alive) – The Fort Wayne Fire and Police Federal Credit Union and the Fraternal Order of Police were out fitting children for bike helmets.
The Credit Union donates annually to help the Fraternal Order of Police (FOP) purchase the helmets.
Fire Police Credit Union, FOP Ensure Summer Safety (VIDEO) | Indiana's NewsCenter: News, Sports, Weather, Fort Wayne WPTA-TV, WISE-TV, and CW | Local
Thursday, June 12, 2014
Monday, June 9, 2014
Balance Giving, Investing
By Michelle A. Samaad June 08, 2014
Charitable giving by credit unions is nothing new, but the investment aspect of such accounts had caused regulators to wonder if the funds were being used for their intended purposes.
The NCUA board approved a new rule in December 2013 that offers protections against those concerns by allowing federal credit unions to fund hybrid charitable and investment vehicles designated as charitable donation accounts under certain conditions.
The final rule clarified that a federal credit union may hold investments within a CDA that are not allowed otherwise, so long as the account is primarily charitable in nature and structured to preserve the safety and soundness of the federal credit union, according to the NCUA.
Among the requirements is a minimum of 51% of the total return from the CDA must be distributed to one or more 501(c)(3) charities. Continue Reading > Charitable Donation Accounts Balance Giving, Investing