Friday, January 19, 2018
We are proud to report that NAFCU's Chief Economist Curt Long will bring us up to date on the national economy and how it will affect the credit union industry at our 2018 Annual Conference in Seattle.
Sunday, January 14, 2018
FOMC President William Dudley reiterated his support of the Federal Open Market Committee's (FOMC) decision to increase interest rates.
NAFCU Chief Economist Curt Long."While there are reasons to be cautious about raising interest rates in the face of flagging inflation, at this time the FOMC seems to be in the mood to press forward with rate normalization, "Moreover, a number of the more dovish members will be cycling off the voting contingent of the committee in 2018. Plenty can change between now and then, but based on the present trajectory of the economy, NAFCU's expectation is that the Fed will raise rates again in March."
Saturday, January 13, 2018
LOWELL -- Most people who head to the TD Garden in Boston have a fun time planned, whether they're catching a game or a concert, but for 10 Lowell firefighters who are heading there later this month, a little less fun is on tap.
The firefighters head to the Garden on Jan. 28 to run about 1.3 miles, much of it up stairs, while wearing their roughly 70 pounds worth of turnout gear in an effort to raise money for fallen colleagues.
The firefighters are taking part in the 2018 B-Fit First Responders Challenge hosted by the Boston Bruins, as they seek to raise at least $3,000 for the 100 Club of Massachusetts, a charity that supports the families of fallen police officers and firefighters.
Last year the event raised about $130,000 in all, according to the Boston Bruins, which hosts the event to help promote both The 100 Club and awareness of the importance of health and fitness.
"In a profession where any shift can be your last, knowing an organization like The 100 Club is out there and will look after our families if the ultimate sacrifice is made gives our brothers and sisters peace of mind," said Lt. Dave Keene.
The firefighters will don their gear in the morning, and run up the garden's steps before running a lap around one concourse, then another, then another, on a route that's about 1.3 miles long according to team captain Firefighter Mike Dexter.
The firefighters put their group together quickly, and have been buoyed by large donations from Madison Security, Fay-McCabe Funeral Home, W.L. French Excavating Corp., J Mike Ponte Floor Covering, the Lowell Firefighters Credit Union and the International Association of Firefighters Local 853.
"We don't rely solely on major contributions, though," Dexter said. "Any donation from $5 to $10 goes a long way as every bit helps."
Those taking part are Capt. Robert Beane, Lts. Dave Keene, Sean Quealy, Kevin McCauley, and firefighters Mike Dexter, Manny Martinez, Ryan Underwood, Dave McNeil, Will Garcia, and Buntha Kouy.
To make a contribution visit: www.crowdrise.com/o/en/campaign/2018-b-fit-first-responders-challenge1.
Thursday, January 11, 2018
Linda Willams, CEO of Akron Firefighters Credit Union, looked at their website and decided that it was a little dated and that she has so many young employees she would give them the challenge to modernize the site.
Knowing that your website is the first impression your members, and non-members have of you, it is essential to keep it modern and up to date. Take a look at what they came up with, a fresh new look!
Comments to Linda Williams firstname.lastname@example.org
Wednesday, January 10, 2018
Lately, there has been a lot of discussion on Blockchain's and Bitcom so I decided to provide the following article from Investopedia This should assist credit union directors and staff in the better understanding of Blockchains and how they will affect everyday life and the financial industry.
Grant Sheehan CEO
What is a 'Blockchain'
A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.
Originally developed as the accounting method for the virtual currency Bitcoin, blockchains – which use what's known as distributed ledger technology (DLT) – are appearing in a variety of commercial applications today. Currently, the technology is primarily used to verify transactions, within digital currencies though it is possible to digitize, code and insert practically any document into the blockchain. Doing so creates an indelible record that cannot be changed; furthermore, the record’s authenticity can be verified by the entire community using the blockchain instead of a single centralized authority.