First-responder Credit Union Newsroom

  August 6, 2025 The NCUA Launches Webpage Providing Tips for the Examination Document Request Process The National Credit Union Administration (NCUA) launched a webpage on ncua.gov that provides tips for how examiners and credit unions can coordinate and improve the efficiency and effectiveness of the examination document request process. The page was created in response to credit union post-exam survey feedback that raised concerns about examiners sending duplicate requests for documents that were already provided. The webpage explains how an NCUA examiner-in-charge can promote a well-organized and effective examination during the exam notification and document request process. The site also includes tips for credit unions to consider when naming and organizing requested fil...

    Working with a financial advisor can be a crucial part of any healthy retirement plan.  Research suggests that people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement .* But choosing the wrong one could wreak havoc. Avoiding these 7 mistakes people make when hiring an advisor could potentially help reduce financial stress.  SmartAsset's no-cost tool can help you find and compare vetted fiduciary advisors serving your area, each legally bound to work in your best interest. It only takes minutes, and there's no cost or obligation. It's never too late to start planning for a comfortable retirement. Get started. ...

Although swings in net exports continue to affect the data, recent indicators suggest that the growth of economic activity moderated in the first half of the year. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committe...

  Who's Making Rate Decisions at the Fed? The  Federal Open Market Committee (FOMC)  is responsible for making decisions about interest rates. The FOMC is made up of 12 voting members: 7- Board of Governors, 1- President of the Federal Reserve Bank of New York and 4- Reserve Bank presidents who serve one-year rotating terms. The FOMC meets eight times a year, and a majority vote is not required to approve any rate changes. The President appoints , with Senate approval, the seven Board members, including the Chair. Currently, Chair Jerome Powell’s term as Chair runs until May 15, 2026. His term as a Board member lasts until January 31, 2028. President Trump has repeatedly pressured the Fed to lower rates, even calling for a 1% Fed Funds Rate. He also threatened to fire Chairman Powell, a move that could create chaos given Powell would remain on the Board. While no one can predict exactly what the President will do, his public stance has been clear: he favors lowe...

In light of the recent active shooter incident, we want to express our deepest condolences to the families of those who lost their loved ones and to all those who were injured. Our thoughts and prayers are with them during this incredibly difficult time. NCOFCU Unfortunately, due to the recent workplace shooting,  it is a good time to review your Active shooter plan. The "Run-Hide-Fight" video can indeed be difficult to watch, as it addresses the unsettling reality of active shooter situations. However, it's essential to recognize how necessary it is to be prepared for such scenarios.  Trustage 2025 PowerPoint on Active Assailant provided by  Michael A. Petrone Consultant, Risk & Compliance Solutions O 608.665.5187 |C 603.770.7510 | F 608.218.2231 Michael.Petrone@trustage.com| bio | Visit us online https://static1.squarespace.com/static/64906ba11637b06efedeacc7/t/6888ea6b2aeab3796ea801eb/1753803375018/ActiveAssailant+2025.pdf  

  Roller coasters 101 Roller coasters are typically gravity- or inertia-powered trains that “coast” through steep drops, twists, and turns and are designed to offer thrills to amusement park visitors. Nearly 7,000 are currently operable worldwide, with almost a third located in China ( see database ). Prototypes emerged as  early as the 17th century , and engineers have since made incredible advances in size, speed, mechanics, and safety. The rides are a perennial summer bucket list item, forming the backbone of the $70B global theme park industry.  Roller coasters activate our  sympathetic nervous system , which stimulates our fight-or-flight response. Endorphins like dopamine, serotonin, and oxytocin are released, bringing riders to a euphoric state. Doing so in a safe, regulated setting allows us to  enjoy the sensation , similar to what one may experience while watching a horror movie. ... Read our full  d...

  Revolutionizing Credit Unions: Health Insurance with Allstate July 24, 2025 Join Grant Sheehan, CEO of the National Council of Firefighter Credit Unions, as he hosts Murray Halperin, President & Founder of CU First Responders Finance (CUFR), in a compelling discussion. Discover how CUFR is revolutionizing the credit union landscape by introducing innovative financial products and services, including a groundbreaking partnership with Allstate for a comprehensive turnkey health insurance marketplace. Learn how this partnership empowers credit unions to expand their services, providing essential health insurance options to their members in an increasingly complex healthcare landscape. Halperin delves into the strategic importance of this initiative, offering a comprehensive toolkit for credit unions to elevate their community role while exploiting new technology avenues. Murray Halperin, Managing Member (561) 393-3770 x 100 murrayh@financeresponders.com       ...