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Well-Rounded Succession Plans Take a Broad Approach

Having some kind of a succession plan in place, even just knowing who will take a CEO’s place in the event of his or her sudden departure, is a necessity for every credit union. But experts say the best succession plans don’t just determine who future leaders will be. They...Read More >> Well-Rounded Succession Plans Take a Broad Approach:

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NCOFCU Newsletter

The Bucket Coach is a financial advice book designed by Fire Services Credit Union, Tronto, Canada. and written exclusively for Fire Fighters It's a practical guide for household financial management, including investments, credit and mortgages, and retirement. Developed with contributions from Fire Fighters," NCOFCU Newsletter : " Kevin Connolly Chief Executive Officer    Fire Services Credit Union Phone: 416-440-1294 ext 301  Toll Free: 1-866-833-3285 E-mail:  kevin@firecreditunion.ca 1997 Avenue Rd Toronto, ON M5M 4A3 
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Sunday Reading - What is the Dow Jones?

    What is the Dow Jones? Created in 1896, the Dow Jones Industrial Average is one of the world’s oldest and most widely recognized stock indexes—a measure tracking the stock performance of a selected group of companies ( see most recent data ). Originally designed to track America’s leading industrial firms, the Dow has evolved into a cultural and financial shorthand for the health of the US economy. As of 2025, it measures 30 major companies —like McDonald's, Boeing, and Nike—across sectors such as technology, healthcare, finance, and consumer goods.  Unlike most modern indexes, which are weighted by the total value of a company’s shares, the DJIA uses a price-weighted formula —meaning stocks with higher share prices exert more influence, regardless of company size. The DJIA has been updated 59 times since its creation to reflect changes in the US economy ( see ch...
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Powell Rejects Any Plan for Fed to Intervene in Secondary Market to Bring Down Rates

  Frank Diekmann October 20, 2025 2:22 am No Comments PHILADELPHIA–Federal Reserve Chair Jerome Powell said there are no plans for the central bank to directly intervene in secondary mortgage markets in an attempt to help bring down mortgage rates, an idea some have proposed as a means of addressing the affordability crisis In housing. Jerome Powell Speaking at the  National Association for Business Economics  conference in Philadelphia, Powell spoke to the Fed’s progress with “quantitative tightening,” that is, its work to reduce the more than $6 trillion of securities it holds on its  balance sheet . Read more about the Balance Sheet HERE Those holdings include approximately $2 trillion in mortgage-backed securities (MBS), which are bundles of home loans that are packaged together and sold to investors, usually by middlemen  Fannie Mae and Freddie Mac , noted Realtor.com. Rolling Off Balance Sheet As the report noted, the Fed dramatically increased M...
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The Role and Hazards of an Interim Executive

  The Role and Hazards of an Interim Executive Leadership transitions are rarely smooth. A change at the top can trigger uncertainty, speculation, and anxiety. Staff worry about their jobs, members wonder about continuity, and boards feel the weight of stewarding the organization through uncertain change. The utilization of an interim executive director is meant to stabilize the organization and allow the board enough space and capacity to find the right successor leader. Here’s a catch: if an interim executive is also a candidate for the successor role, the very purpose of an interim engagement is compromised. With an Interim, there’s always a second wave of anxiety Every leadership transition comes with some anxiety. The staff sometimes don’t know what’s going on. The board is worried about continuity, and members may be worried about joining. One task of an interim is to absorb some of that anxiety and provide reassurance that things are moving forward. But there is al...
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Your Credit Union CAN Use Public Fund Deposits To Fund Assets

By Corporate One Federal Credit Union Once largely thought of as taboo, the use of external funding is now widely accepted throughout the credit union industry. In fact, the NCUA has required all credit unions to seek multiple liquidity sources and document those sources in their liquidity policy. As the acceptance of external funding has improved, credit unions are increasingly sourcing funds from many channels, including the Federal Home Loan Bank System, the corporate credit union network, and several non-member deposit channels, such as public fund deposits. Yes, public fund deposits are being increasingly sourced to fund credit union assets. Increasing Growth, Benefits, And Uses Total member and non-member government deposits totaled $5.4 billion at year-end 2017. This is an increase of 27% since 2015. While this amount pales in comparison to total deposits and other liabilities, how important are these deposits to the nearly 500 credit unions who report them?...
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How Stablecoins Could Prove to Be Anything But Stable for CUs That Don’t Get Moving

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Fire Police City County Federal Credit Union to construct new Fort Wayne headquarters

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...
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Zelle Says It Will Allow Users to Make International Payments Using Stablecoins

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Understanding the Fed’s Balance Sheet

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