Skip to main content

Letter from the Chairman

WE DID IT!  The coalition held its first convention and we had over 150 attendees. There are a lot of people to thank for all their hard work and commitment for a successful event and Michael Toblerto start we need to thank the Boston Firefighters Credit Union lead by Bernie Winne. To put on a convention was new to most of our board members and Bernie’s experience proved invaluable to us. Thank you again Bernie.
    Looking back at the convention even the weather welcomed us to Boston in a season that is unpredictable. The government with its shut down didn’t stop us from enjoying the multitude of entertainment that Boston has to offer. In your comments it was obvious that we had met and even surpassed your expectations of what the convention should be like. We had good speakers and presenters with time for round table discussions.
    On the final day Lyn Lynch from San Diego won the IPad worth over $600.00. At the Friday night dinner we presented our first volunteer of the year award, which went to Pat Engel, he will also receive free registration at next year’s convention. We also commemorated the Percy Riley Jr. Scholarship fund with a plaque that was presented to the Richmond Fire Department Credit Union.
    We want to thank our sponsors for their support, and for their gifts that were raffled. As we prepare for the 2014 convention in San Diego our experience in presenting this convention will give us a good format to follow. We have selected the hotel and will now begin our search for speakers and presenters. Now that everyone is back home, mark your calendars for the next NCOFCU Annual Meeting & Conference October 8-11, 2014 San Diego CA.
    We welcome your comments and suggestions and hope you will share those thoughts with us either by the web site or a phone call. We want to contribute to your credit union by being a resource center where we can all share our success and failures with each another. It was obvious in our roundtable discussions we have a lot to share with each another. We will be watching on a national level for an opportunity for the coalition to step-up and present itself with support of an event that will give us national recognition. If there is an opportunity for such an action please let us know what is happening in your areas.

Complete Photo Book

Winners 2013

Comments

Post a Comment

Please no profanity or political comments.

Popular posts from this blog

NCUA Issues Final Rule to Revise Record Preservation Requirements

ALEXANDRIA, Va. ― The National Credit Union Administration has issued a final rule revising record preservation requirements for credit unions in the event of a catastrophic act. This rule is codified at 12 CFR 749.   “Maintaining vital records is essential to the safety and soundness of any federally insured credit union’s operations and its ability to best serve members,” NCUA Chairman Kyle Hauptman said in a statement. “But NCUA, unlike other regulators, didn’t have a limit on how long records had to be kept. This led to unnecessary cost, hassle and uncertainty. This final rule will ease unnecessary and overly prescriptive preservation requirements, while ensuring that credit unions retain the critical documents needed in instances of disaster”  According to the agency, the vital records preservation program rule was first created in 1972 to ensure that federally insured credit unions keep duplicate records that can be used for reconstruction purposes in the event of ...
Post a Comment
Read Complete Article HERE>»

Twenty-Five Years of Showing Up

www.NCOFCU.org/Tucson-AZ-2026    Attendee Registration Schedule at a Glance ...
Post a Comment
Read Complete Article HERE>»

Boston Firefighters Credit Union Becomes First Responders Credit Union

New name reflects nearly 80 years of service and a growing commitment to first responders across Massachusetts BOSTON, MA, June 15, 2026 — Boston Firefighters Credit Union today announced that it has officially changed its name to First Responders Credit Union , reflecting the broader first responder community the organization serves while honoring the firefighters who founded it nearly 80 years ago. Founded in 1947 by members of the Boston Fire Department, the credit union was established to serve the financial needs of firefighters and their families. Over the decades, it has grown into a trusted financial institution serving firefighters, law enforcement professionals, EMS personnel, civilian employees of first responder agencies, and their families throughout Massachusetts. Today, more than 12,000 members rely on the credit union for banking, lending, and financial guidance tailored to the unique demands of first responder life. While the name is new, the mission is not. ...
Post a Comment
Read Complete Article HERE>»

Credit Where Credit's Due

  Credit Where Credit's Due   Credit reports 101 Used to calculate credit scores   and determine creditworthiness, credit reports are comprehensive documents that detail the credit history of a person or business, including current and former lines of credit, bankruptcy records, and more.  Credit assessments actually started in the 1700s   as a way to evaluate businesses’ financial standing rather than consumers’. The early 1800s brought efforts to standardize the credit reporting system as more businesses were started that needed loans, and the labor movement’s success in the second half of the 1800s led to an increased need for standardized c...
Post a Comment
Read Complete Article HERE>»

FFIEC Proposes Biggest CAMELS Overhaul In 30 Years, Citing Need For Greater Transparency

  W ASHINGTON —The Federal Financial Institutions Examination Council is seeking public comment on a proposed overhaul of the CAMELS supervisory ratings framework, marking what regulators said would be the first comprehensive revision of the bank and credit union examination system in approximately 30 years. Michelle Bowman The proposal would revise the Uniform Financial Institutions Rating System—better known as CAMELS—to place greater emphasis on material financial risk and improve the transparency and predictability of supervisory ratings. Regulators said the framework would continue to evaluate institutions on capital adequacy, asset quality, management, earnings, liquidity and sensitivity to market risk, while modifying certain composite and component rating definitions and evaluation factors. In announcing the proposal, FFIEC Chair and Federal Reserve Vice Chair for Supervision Michelle Bowman said the revised framework is intended to create “a decisive shift toward transpar...
Post a Comment
Read Complete Article HERE>»

Just Out! - NCUA Stablecoin Plan Opens Door To Credit Union-Backed Digital Dollar Issuers

ALEXANDRIA, Va.—A sweeping new NCUA proposal to implement the GENIUS Act could open the door for credit union-backed stablecoin issuance, but only through separately licensed subsidiaries operating under an extensive new federal regulatory framework that limits risks to the Share Insurance Fund. The 269-page supplemental proposed rule issued Friday lays out how “permitted payment stablecoin issuers” affiliated with federally insured credit unions would be supervised, examined and regulated by the NCUA, while also establishing rules covering reserves, liquidity, custody, operational risk, cybersecurity, anti-money laundering compliance and disclosure standards. The proposal supplements an earlier February 2026 proposal by the agency focused primarily on licensing and investments in stablecoin issuers. Federally insured credit unions themselves would still be prohibited from directly issuing payment stablecoins under the GENIUS Act. Instead, issuance would have to occur through a separa...
Post a Comment
Read Complete Article HERE>»

47-Second Loan Décisions. Underwriting in Minutes. How AI is Revolutionizing Turnaround Time in Mortgage Lending

May 27, 2026 CU Today TORONTO–While AI has been deployed across a host of back office functions, on the consumer-facing side its promise is increasingly being seen in mortgage lending, where lenders are promising mortgage approval decisions in as little as 47 seconds, reporting that up to a third of inquiries are now being handled by chatbots, and slashing underwriting time to just minutes. Toronto-based TD Bank Group said it has also deployed its first agentic artificial intelligence system in mortgage lending, reducing the time required to prepare applications for underwriting from an average of roughly 15 hours to less than three minutes. According to a statement from TD Bank, the new AI model automates mortgage pre-adjudication — the process that occurs before a human underwriter reviews an application. The bank said the system classifies borrower documents, extracts and validates financial information, calculates income, performs policy and consent checks, identifies discrepancie...
Post a Comment
Read Complete Article HERE>»

Update from TruStage - Forecast for CU, Economic Performance for Remainder of 2026, 2027

MADISON, Wis. — Credit unions are expected to post stronger loan, deposit , and asset growth in 2026 despite a slowing economy, persistent inflation, geopolitical uncertainty, and continued pressure on consumers, according to TruStage’s latest  Credit Union Trends Report . The report, prepared by TruStage Chief Economist Steve Rick and based on December 2025 data, forecasts credit union loan growth will accelerate to 5.5% in 2026 from 4.6% in 2025, while savings growth is projected to increase to 6.5% from 5.5%. Asset growth is expected to improve to 6.2% in 2026 from 5.4% in 2025. Credit union membership growth is forecast to reach 1.8% in 2026 and 2.0% in 2027. The CU Daily has separate reporting on credit union performance by category here .  According to TruStage, a changing global economic environment has altered its outlook for both the U.S. economy and the credit union system. The report noted disruptions stemming from the closing of the Strait of Hormuz have created su...
Post a Comment
Read Complete Article HERE>»

NCUA Board Meeting Coverage: NCUA Approves New Cyber Incident Reporting Rule

02/16/2023 CUToday ALEXANDRIA, Va.–By a 3-0 vote, the NCUA board has approved a final rule on cyber incident reporting for federally insured credit unions. The rule requires credit unions to inform NCUA of any “reportable” incident within 72 hours. Such incidents are those where the credit union “reasonably believes” a cyber incident has occurred, with such events defined as those in which the integrity, confidentiality or availability of information has been compromised. The rule is to go into effect on Sept. 1, 2023. Todd Harper The NCUA board was updated on the rule by Ke...
Post a Comment
Read Complete Article HERE>»