Firefighter Credit Union Newsroom

2 min read By  Maureen Dahill Published On: March 13th, 2025 Categories:  News 0 Comments on Caught in Dot Partners with Boston Firefighters Credit Union Big news, Dorchester!  Caught in Dot  is proud to announce our partnership with  Boston Firefighters Credit Union (BFCU) —a true neighborhood institution that’s been serving our local heroes since 1948. As a woman-owned business, we’re thrilled to team up with a community partner who shares our values of supporting and uplifting the people who make Boston great. BFCU was founded by Boston firefighters with one mission in mind:  “People Helping People.”  What started as a way to assist firefighters struggling financially has grown into a full-service financial institution serving  nearly 12,000 members —but their dedication to first responders and their families has never wavered. Over the years, membership has expanded beyond firefighters to include all Massachusetts first responders, including p...

  03/06/2025 06:11 pm Share         By Ray Birch DALLAS—The Trump Administration is bringing more credit unions back to offering cryptocurrency, says Bank Social, which offers advice to CUs considering stepping into this space. The return to offering the service by more credit unions follows a sharp decline in cooperatives offering crypto services to members following the collapse of FTX in late 2022 and the sudden departure of NYDIG within the CU industry not long afterward. Becky Reed, COO of crypto platform Bank Social, said the two primary reasons credit unions are coming back is the Trump Administration’s pro-crypto agenda and its emphasis on deregulation. “The last six months we have seen interest begin to gain ground in digital assets—not just for investing but for payments, fractional lending and more,” said Reed. GlobalData banking analyst Harry Swain said FIs could face fewer crypto regulatory hurdles under the Trump Administration. “As you'll, recall ...

03/10/2025 06:31 pm Share         TROY, Mich.— A new study reveals the appeal of buy now, pay later is not waning, as the service saw significant growth last year. The J.D. Power 2025 U.S. Buy Now Pay Later Satisfaction Study shows BNPL enjoyed continued, significant growth in the number of consumers using the product year over year, with the highest usage among consumers from Generations Y and Z, and the highest growth period during the holidays. “The BNPL segment has undoubtedly grown in popularity, with more customers using these services than ever before,” said Sean Gelles, senior director of banking and payments at J.D. Power. “That’s been especially true around seasonal periods of higher spending, such as the holidays. Card-based BNPL products continue to lead the charge on satisfaction, as issuers are leveraging their existing brand awareness and equity to retain would-be defectors.” Following are some of the key findings of the 2025 study: Gene...

Since there has been so much discussion on Tariffs, I felt a post would benefit our membership. Grant Sheehan CEO NCOFCU Tariffs 1440 Business & Finance Background A tariff—a word derived from the Arabic arafa, meaning “to make known”— is a tax imposed by a government on goods that are imported or exported . Historically, tariffs have served as a primary source of revenue and a means to protect domestic industries, as they make foreign products more expensive, encouraging consumers to purchase locally produced goods. The tools have a checkered history, famously bolstering US textiles, German steel, Japanese cars, South Korean technology, and more, arguably contributing to major economic downturns like the Great Depression. Tariffs can be specific (a fixed fee per unit) or ad valorem (a percentage of the item's value). Purpose Economically, tariffs aim to protect domestic industries, generate government revenue, and influence trade policy. By imposing taxes on imported goods —wh...