Skip to main content

NCOFCU Turning the Corner


Turning the Corner!

Dear Member,

NCOFCU is turning the corner in a true “not for profit" direction. The coalition formed in 2008, as a "not for profit", is moving in a direction to offer benefits to its membership in the true collaborative spirit.

As CEO, I am truly excited about this turn! I am looking forward to working with your board of directors in charting this course.

As most of you are aware, the National Coalition of Firefighter Credit Unions (NCOFCU) was formed for the purpose of promoting unity, cooperation and support among firefighter credit unions. Protecting and preserving the vision and purpose of firefighter credit unions is paramount to the continued success of the firefighter credit union movement. In order to achieve this, members of the firefighter’s credit union network joined forces in New Orleans in 2001 and have been meeting annually ever since. This network has continued to grow which lead to the development of the National Coalition of Firefighters Credit Unions Inc. (NCOFCU) a “not for profit" corporation. It is with this spirit in mind that moves us in our new direction!

Your board of directors have considered many ways in achieving the goals they have set. The following are just a few of the steps we wish to take;
  • A reasonable  corroborative dues structure which will allow all firefighters credit unions, their staff and volunteers,  to participate so as to receive the many benefits to be offered by NCOFCU.
  • Another way of achieving these goals is to internally host an annual conference. This will allow the coalition in the true “not for profit” collaborative spirit to maintain, reasonable registration fees, scholarship funds and daily attendance schedules, so that the staff and volunteers of all firefighter credit unions can participate. 
  • Seeking contributions from credit union leagues, government agencies, corporate and private sponsors to assist in NCOFCU’s “not for profit” collaborative effort to educate the staff and volunteers of firefighter credit unions as to managing their member’s assets.
We want you to feel comfortable in knowing that, like your credit union, your investment in the coalition will in the true cooperative spirit, be returned to the membership!

Grant Sheehan CEO
National Coalition of Firefighters Credit Unions Inc. ( NCOFCU )

Comments

Post a Comment

Please no profanity or political comments.

Popular posts from this blog

Lucky 7s: CU SoCal Intro’s 7% Share Certificate With 7-Month Term

ANAHEIM HILLS, Calif.–Credit Union of Southern California (CU SoCal) has introduced a 7% APY share certificate with a seven-month term. “Designed to help members grow their savings, this high-yield certificate offers a strong return on a manageable deposit—capped at $7,000,” the credit union said. “Available from April 3 through May 31, it’s an ideal option for those looking to make the most of their money, even with a smaller investment.” There is a $1,000 minimum opening deposit, a limit of one per member, and new money is required.  ‘Excellent Opportunity’ “We designed this certificate to help more members benefit from a great rate without the need to lock up a large sum of money,” COO Suzie Kisslan said in a statement.. “This is an excellent opportunity for savers to make their money work harder in a short period of time.” The $2.89-billion CU SoCal has approximately 155,000 members. 
Post a Comment
Read Complete Article HERE>»

Guardians Credit Union Moves Management Of Its ATM Fleet To Dolphin Debit

WEST PALM BEACH, Fla.—The $306-million  Guardians Credit Union  has turned management of its ATM fleet over to  Dolphin Debit . Minire Syla The credit union has four ATMs at branches and 10 at various select employee group sites. The decision was a big move for Guardians, which had always managed its own ATM fleet, the CU stated. “Dolphin stood out because of their experience, reliability, and the fact that they could truly take the burden off our staff,” said Chief Financial Officer Minire Syla. “Their ability to manage everything seamlessly, combined with the marketing opportunities on ATM screens, made them the best choice for us.” The credit union said it had a number of key priorities for the move, and Syla explained that while reducing the burden on staff, compliance, and cost savings were all important, what was paramount was providing “the best possible experience for our members.” “The convenience and reliability of our ATMs are crucial and outsourcing to Dolphin...
Post a Comment
Read Complete Article HERE>»

Unlocking the Power of AI:

 
Post a Comment
Read Complete Article HERE>»

Havoc.’ ‘Debacle.’ Analysts See Rough Road Ahead for Autos With Tariffs

WASHINGTON–What’s known: should President Trump’s tariffs remain in place, new and used vehicle prices are going to get even higher. The unknown: Will members stop buying cars, move from new to used, or given how many buy cars according to payment, move to less-expensive models? The tariffs also may create challenges for credit unions that serve some autoworkers. All of those questions and more remain much in flux with analysts predicting  auto prices could rise by $5,000 to $10,000 per vehicle and wreak havoc on the market as the result of 25% import tariffs on vehicles and auto parts.   As the CU Daily reports separately, however, Black Book believes automakers will spread out the incremental cost of tariffed vehicles across their entire showroom to retain relative vehicle transaction prices. Still, the company expects tariffs to push the average transaction price on vehicles to more than $50,000. ‘A Debacle’ “The tariffs are a debacle of epic proportions for the a...
Post a Comment
Read Complete Article HERE>»

The American Revolution

  The American Revolution       Background The American Revolution (1765-89) was a period of political upheaval in Great Britain’s 13 North American colonies that culminated in the Declaration of Independence, a seven-year war, and the formation of the world’s earliest modern republic via the US Constitution ( read overview ). It was a watershed moment in political history, paving the way for dozens of independence movements worldwide, including in France, Haiti, and others. Causes British settlements sprang up along the Atlantic coast during the 17th century, forming a unique colonial identity. France, Holland, and Spain also settled the region ( see timeline ). With the help of Ame...
Post a Comment
Read Complete Article HERE>»