NCOFCU Volunteer of the Year Award

Volunteer of the Year Award
The National Coalition of Firefighters Credit Unions Inc. (NCOFCU) will honor a volunteer whose outstanding contributions, to a NCOFCU member credit union and to the credit union movement, make him or her eligible to be the proud recipient of the "NCOFCU Volunteer of the Year Award". This is a terrific way to honor a volunteer who has gone above and beyond the call of duty in your credit union. Any NCOFCU member credit union Volunteer or CEO may nominate a candidate. Simply explain why the nominee deserves to be recognized as Volunteer of the Year. The winner will receive free registration to the next NCOFCU Annual Meeting & Conference as well as a beautiful plaque to display in their home or office. Nominees must be present at the convention in October to win. To nominate a volunteer, please complete this Confidential Form and click submit when finished. All entries will receive a certificate indicating their nomination for "Volunteer of the Year Award". Entries must be submitted by August 1, 2013.

Comments

Credit Union Profits Climb 21% As Margins Widen, NCUA Reports

If you don't read anything else, read this: Performance By Asset Category WASHINGTON—Federally insured credit unions posted a sharp rebound in profitability through the third quarter of 2025, with net income up 21% year over year to an annualized $19.1 billion, according to new NCUA data. The increase—one of the strongest gains across the agency’s quarterly metrics—came as institutions benefited from rising interest income, wider net interest margins, and relatively stable credit costs. The NCUA reported that Q3 data show interest income climbed 7.6% over the period while the systemwide net interest margin expanded nearly 13%, helping credit unions absorb higher operating expenses and modest increases in loan-loss provisioning. The earnings surge outpaced the credit union system’s 3.7% asset growth and came amid a mixed lending environment in which residential mortgage balances rose sharply, but auto lending weakened. The industry’s aggregate net worth ratio also im...

Read Complete Article HERE>»

Effective January 1, 2026 - Credit Union Succession Planning

First Responder Credit Union Academy www. NCOFCU .org Effective January 1, 2026 This statement from current NCUA Chairman Todd M. Harper states that “this final rule on succession planning establishes a way for the NCUA to address one of the most common causes for unplanned and unforced credit union mergers. It also ensures that smaller institutions remain the cornerstone of ...

Read Complete Article HERE>»

Federal Reserve Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-1/2 to 3‑3/4 percent

Federal Reserve issues FOMC statement For release at 2:00 p.m. EST Share Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up through September. More recent indicators are consistent with these developments. Inflation has moved up since earlier in the year and remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment rose in recent months. In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-1/2 to 3‑3/4 percent. In considering the extent and timing of additional adjustments to the target range for...

Read Complete Article HERE>»

Sunday Reading - What happened at Pearl Harbor?

What happened at Pearl Harbor? On Dec. 7, 1941, Japan launched a surprise attack on the American naval base at Pearl Harbor, Hawaii ( watch visualization ). The strike marked the culmination of a decade of rising tensions as Japan expanded its empire across East Asia and the Pacific. With its industrial capacity unable to match the United States in a long-term war, Japanese leaders opted for a preemptive blow designed to cripple American naval power. The attack—which permanently sank three American ships, damaged 15 more, and killed 2,403 Americans—was a tactical success but a strategic failure. Japanese forces did not hit the base’s oil reserves, submarine facilities, or repair yards, all of which proved crucial in the months that followed. The US Navy ultimately refloated all but three damaged ships, returning many to combat . Pearl Harbor was the deadliest attack on US ...

Read Complete Article HERE>»

Fed’s Powell: Strong hiring could force further rate hikes

By CHRISTOPHER RUGABER WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects. Powell’s remarks followed the government’s blockbuster report last week that employers added 517,000 jobs in January , nearly double December’s gain. The unemployment rate fell to its lowest level in 53 years, 3.4%. “The reality is if we continue to get strong labor market reports or higher inflation reports, it might be the case that we have to raise rates more” than is now expected, Powell said in remarks to the Economic Club of Washington. Though price pressures are easing and Powell said he envisions a “significant” decline in inflation this year, he cautioned that so far the central bank is seeing only “the very early stages of disinflation. It has a long way to go.” Even as the Fed has raised r...

Read Complete Article HERE>»

Tracking Firm Reports Foreclosures Down in 2011 – But Not Really

“Foreclosures were in full delay mode in 2011, resulting in a dramatic drop in foreclosure activity for the year,” said Brandon Moore, CEO of RealtyTrac. “The lack of clarity regarding many of the documentation and legal issues plaguing the foreclosure industry means that we are continuing to see a highly dysfunctional foreclosure process that is inefficiently dealing with delinquent mortgages — particularly in states with a judicial foreclosure process." *** Tracking Firm Reports Foreclosures Down in 2011 – But Not Really : " 'via Blog this'

Read Complete Article HERE>»

Sheehans Consulting LLC - "We only have one goal in mind!"

We have one goal in mind: “What is best for you? We achieve strategic initiatives, develop products, optimize profitability and productivity through best practices, and make our firm a strong asset for professional services. With over 30 years of experience in public administration, credit union, and association management, I have developed a solid track record in leadership and development. Please visit us at https://www.sheehansconsultingllc.com/ to learn more about what we can do for you. _________________________________________ Check out some of NCOFCU's additional features: First Responder Credit Union Academy Financial Literacy Podcasts YouTube Mini's Blog Job Board

Read Complete Article HERE>»

Here’s What Americans Have to Say About the Fed’s Anticipated Move to Cut Rates

MIAMI–After 11 interest rate increases since early 2022, the Federal Reserve is widely expected to announce a rate cut when it meets next week—but not all Americans agree that’s a good thing. According to a new Fed Rate Survey conducted by WalletHub, a 25-basis point rate reduction would save consumers roughly $1.87 billion in interest over the next 12 months. Some economists, including in credit unions, say a 50-basis point cut could be on the table. To gauge public sentiment about Federal Reserve rate cuts, WalletHub said it conducted a nationally representative survey . Here’s what it said it found: Key Findings Rate-Cut Concerns: 63% of Americans are concerned that cutting interest rates will make inflation worse. ...

Read Complete Article HERE>»

Liquidity Takes A Dive As Lending Ticks Up

NET LIQUIDITY CHANGE FOR U.S. CREDIT UNIONS | DATA AS OF 06.30.22 © Callahan & Associates | CreditUnions.com The federal government took a variety of steps to provide economic relief during the first year of the pandemic, including distributing trillions of dollars directly to consumers. As a result, credit union shares grew at record rates – well outpacing loan growth – leading to sizeable increases in liquidity. However, with the pandemic now mostly in the rearview mirror, credit unions are beginning to unwind the liquidity built up during the crisis. Credit unions reported 6.6% quarterly growth in outstanding loan balances as of 2Q22, well outpacing share growth over the same period, leading to liquidity outflows of $82.3 billion since March. This is a large change from 1Q22, when liquidity moderately increased by $16.8 billion. As economic activity expands, this liquidity is being converted from cash into impactful...

Read Complete Article HERE>»

Dolphin Debit & Customized Service Concepts Partner to Expand ATM Options

HOUSTON– Dolphin Debit , a provider of ATM management services, said it is partnering with Customized Service Concepts (CSC), an ATM sales and service provider in New England, to offer financial institutions in the region a complete range of ATM options. Gary Walston The two companies said the advantages the partnership bring to clients are numerous, including the ability to meet any ATM need. Dolphin Debit can provide its ATM outsourcing solutions for CSC clients, allowing credit unions to break free of the burdens of ATM fleet management and maintenance, while CSC expert technicians will provide the service for the joint Dolphin-CSC clients, the organizations said. Customized Service Concepts, LLC, with offices in Durham, Conn., and Goffstown, N.H., has served financial institutions in New England for more than 30 years. CSC provides ATM/ITM solutions as well as a broad product range that inclu...

Read Complete Article HERE>»

First-responder Credit Union Newsroom

Search This Blog