First-responder Credit Union Newsroom

  SEATTLE–The CUSO  Member Access Processing  (MAP), a provider of Visa DPS debit, credit, ATM, and digital payment processing, said it is entering into a partnership with Dolphin Debit, the ATM and ITM management company.  “We are excited to partner with Member Access Processing,” Joe Woods, SVP-marketing & partnerships at  Dolphin Debit , said in a statement. “Our two organizations have a strong track record of providing exceptional service and solutions for our clients.   We are confident that this partnership will be a great success for both organizations and the credit unions we serve.”  Dolphin Debit noted it has partnerships with many credit union associations and operates all makes and models of ATM equipment in various branch and off-premise venues, working with over 350 financial institutions across the United States.  ‘Strengthened’ Ability “At MAP, we’re committed to helping credit unions serve their members and grow their car...

  After nine months of staying on the sidelines, the Federal Reserve on Sept. 17 announced a quarter-percentage-point cut, likely the first in a series of reductions to usher in lower borrowing rates for consumers. The rate cut – the Fed’s first since late 2024 – lowers the Fed’s benchmark interest rate to a range of 4% to 4.25%. Officials signaled the possibility of two more rate cuts this year. Typically, the Fed hikes rates or keeps them steady to tame inflation. The central bank lowers rates to juice the economy. While the Fed previously held back on rate cuts due to inflation concerns, a series of disappointing jobs reports showed a weakening labor market. While there are signs that tariffs are starting to show up in consumer prices, Powell previously said a “reasonable base case” is that tariffs spur a one-time price shift rather than a more persistent inflationary effect. "Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up ...

Did you know that there are Policies and Procedures available in the First Responder Credit Union Academy? If you do not find what you need reach out to us and we will find what you need. ceo@ncofcu.org   __ ______________________________________________ Check out NCOFCU's additional features: First Responder Credit Union Academy Podcasts YouTube Mini's Blog Job Board

The following videos will help you to navigate the complexities of salary and benefits for your credit union staff and employees. __ ______________________________________________ Check out NCOFCU's additional features: First Responder Credit Union Academy Podcasts YouTube Mini's Blog Job Board

WASHINGTON –  With the  Federal Reserve  set to meet this week and analysts expecting it to adjourn by announcing the first rate cut of the year, analysts say the decision facing the Fed is complicated, as jobs are declining at the same time prices have been increasing. “It’s the worst kind of setup for the Fed,” Claudia Sahm, New Century Advisors chief economist and former Federal Reserve Board economist, told Yahoo Finance. “They will not be cutting because we have good news on inflation. They’ll be cutting because we have bad news on employment.” Sahm told Yahoo Finance that the Federal Reserve is expected to cut rates by 25 basis points during its two-day meeting this week, adding that, in her view, inflation is “still too firm.” Other strategists told Yahoo Finance they agree. “Inflation is still elevated. It’s been elevated, and it’s moving in the wrong direction right now,” Collin Martin, fixed-income strategist at Schwab Center for Financial Research, told th...

  'Defence of Fort M'Henry'       What is the national anthem of the US? “The Star-Spangled Banner” is the national anthem of the United States . The song is based on a poem written by Francis Scott Key 211 years ago, on Sept. 14, 1814, during the War of 1812, while watching American troops hold off British forces at the Battle of Baltimore. Written in the battle’s immediate aftermath, the original poem borrowed a melody from a popular British song of the time . “The Star-Spangled Banner” grew popular with Americans. In 1931, President Herbert Hoover ...

Fire Police City County Federal Credit Union announced Wednesday plans to break ground next month on a headquarters at North Clinton Street and Penn Avenue. The project will cost about $13 million, a spokesman said through email. The new building will have about 22,000 square feet, including a full-service branch, to accommodate the credit union’s growth in recent years. The credit union has more than 11,300 members at six branches in Fort Wayne and New Haven and has experienced a 7% membership increase over the last five years, the news release said. The credit union’s assets have grown about 46%. “As our membership continues to grow, it’s essential that we grow with it,” Diane Scherer, president and CEO of the credit union, said. The new headquarters represents the credit union’s “ongoing commitment to providing exceptional service,” expanding its capabilities and investing in the future, she said. “We’re excited to build a space that reflects our values and enhances the experience f...