Firefighter Credit Union Newsroom

Key metrics to evaluate your credit union and bridge the gap between macro trends and micro performance. By Lydia Cole, Creditunions.com  In December, the NCUA passed a rule requiring Board members of federally insured credit unions to have a “working familiarity with basic finance and accounting practices.” The extent of financial literacy that volunteers must meet varies depending upon each credit union’s complexity, but there are basic concepts, definitions, and formulas every volunteer should know. To that end, CreditUnions.com is breaking down 15 ratios by providing definitions and describing how the ratios affect the balance sheet. For personalized information on your credit union, check out Callahan & Associates’ two-year financial comparison , available on CUSP Online. Read more: http://www.creditunions.com/articles/15-ratios-every-board-member-should-know/#ixzz2Us2D5Qy6

CUNA shoots back in campaign aimed at rallying members across the land to speak up for tax exemption.  Earlier this year the   American Bankers Association   launched an ad campaign across Washington, D.C., aimed at credit unions and their tax-exempt status. The billboards read: “Today credit unions are a $1 trillion industry that pays no income tax. That’s nearly $2 BILLION every year that could help shrink the federal deficit. Now, credit unions want even more perks. It’s time to end credit unions’ indefensible and outdated special treatment. Enough is enough.” Now  CUNA  is fighting back.  CUNA and its affiliated state credit union leagues are launching the campaign at a time when the U.S. House and Senate have made broad-based tax reform a major priority.  READ MORE >  ‘Don’t Tax My Credit Union' Campaign Moves Forward :

NCUA to Cease Paper Mailings - Sign-Up for NCUA Express; Google Reader Ending Service on July 1st : Written by Steve Van Beek NAFCU Last week Bernadette highlighted the May 2013 NCUA Report . On the very last page was this notice:  "NCUA will stop mailing Letters to Credit Unions and other regulatory alerts as part of its ongoing efforts to reduce operating costs and become more efficient". NCUA CU Express recipients automatically get the latest regulatory guidance and letters. All credit unions CEOs and Board Chairmen with emails provided in the CU Profile system are automatically subscribed to NCUA CU Express , and should currently be getting all regulatory letters or alerts.   NCUA CU Express emails are mandatory for credit union CEOs and Board Chairmen, while the separate, but similar NCUA Express is open to the public and subscriber-driven. In addition to regulatory alerts, you can sign up and receive NCUA’s monthly newslet...

It is with great sadness we have to report the passing of Joseph A. Marcy Jr. who served a as board of director of Albany Fireman's Federal Credit Union. GREENWICH — Joseph A. Marcy Jr., 54, died unexpectedly Wednesday, May 8, 2013, while vacationing with his wife, Susan, on the Island of Aruba in the Dutch Antilles. Joe was a firefighter and certified state emergency medical technician with the city of Albany Fire Department for 25 years and had just recently retired in April of this year. He spent the majority of his firefighting career with Engine 1 “The Pride of Midtown” and also served, for a short period, on Truck 1 “The Southend.” Born on Oct. 2, 1958, in Albany, Joe was raised in South Schodack, N.Y. He was a 1972 graduate of Holy Spirit Elementary School in East Greenbush and was a proud member of the graduating Class of 1976 of Maple Hill High School in the town of Schodack. He continued his education at Hudson Valley Community College, where in 1979, he received a degr...

The family of Firefighter Credit Unions is as diverse as it is large, spanning over a 100 firefighter credit unions across the world. The NCOFCU Firefighter Community offers an invaluable opportunity to connect and learn from other firefighter credit union staff members and firefighters, just like you! Remember all the friends you made at the conferences? Well, now they are only a few key strokes away! Search our data base and locate that firefighter or staff member by name or credit union and open up a conversation with them Remember those questions that come up at your monthly board meetings? What is everyone else doing to solve this issue? What kind of loans are other firefighter credit unions doing? Who are they using to provide this product or service? Plug into a world where you can find out how other firefighter credit unions like yours have optimized their solutions, find new ways to get more from or share tips & tricks. You'll find plenty to discu...

Dear Firefighter Credit Union, While some of our NCOFCU Firefighter Credit Union members have been participating in the American Income Life Insurance Company (AIL) “no cost” benefits programs for many years, we would like to introduce AIL and its offerings to all of our NCOFCU Firefighter Credit Unions not currently participating. I have asked the Public Relations/Marketing Representative from AIL to contact you to discuss making their  No Cost Benefit Program  available to your NCOFCU Credit Union. AIL is strongly committed to serving Firefighter Credit Unions and the working family agenda. The benefits program available through AIL includes the following: $3,000 group Accidental Death and Dismemberment benefit, which is provided at no cost to all members of your credit union Health Services Discount Card providing up to 60% discounts on Vision Care, Hearing Aids,Prescription Medication, and Chiropractic Care (Not available in all states.) Child Safe Kits endorse...