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Five-Year CD Breaks Below 1% for First Time

The national average rate for the five-year certificate of deposit has dropped below 1% for the first time, according to Market Rates Insight...Five-Year CD Breaks Below 1% for First Time: .

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2026 Volunteer of the Year Award

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The Federal Reserve decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4

  Federal Reserve issues FOMC statement For release at 2:00 p.m. EDT Share The Federal Open Market Committee approved the following statement for release by a 9 – 3 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system. Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little. Inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. The Committee will deliver price stability.   Voting against the monetary policy action were Beth M. Hammack, Neel Kashk...
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Making the Most of the Final Five Years Before Retirement

  NATIONAL COUNCIL OF FIRST RESPONDER CREDIT UNIONS RETIREMENT READINESS Making the Most of the Final Five Years Before Retirement A practical planning guide for first responders, credit union volunteers, employees, and their families Five years before retirement is an important checkpoint. It is the time to confirm what you have saved, understand the income you can expect, and decide whether your retirement plans match the life you want to lead.   1. Review Your Retirement Savings Start by taking a fresh look at your retirement accounts, personal savings, investments, and other assets. A retirement calculator can help estimate whether you are on track and show how additional saving during the next five years may strengthen your plan.   2. Identify Every Source of Retirement Income List the income you may receive in retirement, including pensions, Social Security, retirement-plan withdrawals, invest...
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Sunday Reading - The Fab Four (Beatles)

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Insurance Companies turn to private firefighters to cover their policy holders.

By Lyle Adriano Business Insurance Some insurers, like Chubb, are going the extra mile for select policyholders by sending in private firefighters to deal with wildfire threats before they become a problem. Insurer-provided wildfire mitigation services, while nothing new, has been making waves lately following the recent California fires. The extra service is getting so popular, that homeowners who had witnessed their neighbors’ homes being protected by private firefighters were inspired to purchase their own policies to enjoy the same benefits, some insurers said. “The enrolment has taken off dramatically over the years as people have seen us save homes,” Chubb senior executive Paul Krump told The Wall Street Journal . “It’s absolutely growing leaps and bounds.” Dick Fredericks, founding partner of Main Management Fund Advisors LLC in San Francisco and a former US ambassador to Switzerland and Liechtenstein, was one of the fortunate homeowners in Sonoma whose properties were...
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NCUA Board Approves 11 Final Rules for Deregulation Project

Alexandria, VA (August 5, 2026) ― The National Credit Union Administration (NCUA) today finalized eleven rules that were proposed for changes through the Deregulation Project. This is the first round of final rules from the ongoing Deregulation Project which is an initiative to review NCUA’s regulations and ensure they are focused on credit unions’ safety, soundness, and resilience. The final rules include: This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Surety and Guarantor Requirements – 12 CFR 701.20(c)(3) and 701.20(d) (Opens new window) This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Limits on Loan to Other Credit Unions – 12 CFR 701.25(b) (Opens new window) This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Service to Underserved Areas – IRPS 08-2 (Opens new window) This is...
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Syracuse Fire Department Credit Union assists in making some happy holiday memories for needy kids.

Syracuse, N.Y. -  Firefighters were among the first to arrive on the scene when a 2-year-old girl was killed while playing with chalk on the sidewalk this summer. The girl's brother was also injured while another sibling watched it all happen. Saturday, the surviving siblings will be doing their Christmas shopping at Destiny USA with some Syracuse firefighters. "We saw them on the worst day of their lives. Now is an opportunity to make some happy memories," said Syracuse Fire Department District Chief John Kane. Nothing will erase the pain and loss the family feels. And nothing will erase the memories firefighters have of trying to save a child who was terribly injured. "It's a little something," Kane said. "Especially this time of year." The holiday shopping trips began five years ago, an idea of Syracuse Police Chief Frank Fowler. Syracuse police Officer Dennis Burlingame organized the event, and invited the fire department...
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Report Probes Just How Sophisticated and Pervasive Fraud Has Become

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National Council of Firefighter Credit Unions Partners with OMNICOMMANDER.COM for ADA Compliant Website Design and Hosting

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