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Showing posts from July, 2014

NCOFCU Volunteer of the Year Award

Are you aware of a volunteer, attending this years conference, at your credit union who is or has done amazing things for your credit union and the credit union movement?  If so, we want to let you know that you still have time to nominate them for the NCOFCU Volunteer of the Year Award. The Winner will be honored with a complimentary registration, for our 2015 conference in Nashville TN., at our reception and dinner on October 10th, 2014 We encourage credit union supporters like you to nominate your best and brightest for the award. > Click here for the Volunteer Awards nomination form   The deadline is Sunday August, 31st. If you have any questions or comments on the nominations process, please contact me at 305-951-3306 or ncofcu@ncofcu.org. I hope to see you at the conference this year! Grant Sheehan Executive Director NCOFCU

2,500 Ground Zero workers have cancer | New York Post

More than 2,500 Ground Zero rescuers and responders have come down with cancer, and a growing number are seeking compensation for their illnesses, The Post has learned. The grim toll has skyrocketed from the 1,140 cancer cases reported last year. In its latest tally, the World Trade Center Health Program at Mount Sinai Hospital counts 1,655 responders with cancer among the 37,000 cops, hard hats, sanitation workers, other city employees and volunteers it monitors, officials told The Post. The tragic sum rises to 2,518 when firefighters and EMTs are added. The FDNY, which has its own WTC health program, said Friday it counts 863 members with cancers certified for 9/11-related treatment. Continue reading full story at >> 2,500 Ground Zero workers have cancer | New York Post

Credit Unions Preparing for Rising Rates: Onsite Coverage

By Nicholas Ballasy July 22, 2014   LAS VEGAS – Credit union executives said Tuesday their institutions are making changes in preparation for a potential interest rate increase. “We’re trying to stay shorter and shorter. Interest rates have nowhere to go but up so we’re holding everything pretty short so that when the rates do change, we can get into the longer term loans with better rates to match where they’re headed,” said Richard Smith, chairman of the board at the $376 million ProFed Credit Union in Fort Wayne, Ind., at NAFCU’s annual conference. ProFed has also been selling off long term mortgage loans as another way to prepare for rising interest rates, he said. “We’re selling those off and Freddie Mac is buying a lot of those. They are paying about 102% on those upfront so we’re staying short that way,” he said. “We’re still helping the members out when they come in wanting a mortgage, 15 or 30 years. We’re still doing the servicing so they feel like it’s still with u...

Facebook Calculator Drives Auto Loans for Chicago Credit Union - American Banker Article

Facebook Calculator Drives Auto Loans for Chicago Credit Union by Mary Wisniewski JUL 17, 2014 4:20pm ET As financial institutions struggle to find revenue-generating social media strategies, a Chicago credit union has achieved a surprising level of success from a simple tool: a loan calculator app on its Facebook page. Calcubot , the name of the calculator tool that connects to one running on its website, has helped generate nearly $1 million of auto loans for Alliant Credit Union since its November debut. The tool, which lets people determine their monthly loan payments and optionally share them with friends and family, drove 478 prospects to Alliant's online auto loan application within the first four months, when the credit union actively promoted the tool on its website's homepage and through posts written on its social media channels. The credit union plans to prominently feature Calcubot again in coming months to grow sales leads. "We are looking to increase engag...

5 Factors Fueling Credit Union Loan Surge

5 Factors Fueling Credit Union Loan Surge By Michelle A. Samaad July 14, 2014 Loan balances at credit unions are on pace to rise twice as fast as the average pace seen over the past two years. That’s according to CUNA Mutual Group’s July Credit Union Trends Report , which tracked data through May. Credit union loan balances rose 1.2% that month, almost twice as fast as the 0.65% average pace set in May 2012 and May 2013. Total loan balances were up 3.3% year-to-date, versus 1.5% set during the first five months of 2013, the report noted. What’s driving the surge in credit union lending?  Steve Rick, the new chief economist at CUNA Mutual since his predecessor, Dave Colby, retired July 11, pointed to five factors for the rise in loans. “Rising consumer confidence, rising household expectations for income growth, an improving labor market, improved consumer balance sheets and credit unions gaining a larger piece of the consumer credit pie,” Rick said. Indeed, the credit union sha...

Hole In One

Congratulate Michael Tobler for his Hole In One! http://www.facebook.com/michael.tobler.98?hc_location=timeline Michael Tobler on Facebook

Dayton Firefighters Federal Credit Union

Check out Dayton Firefighters Federal Credit Union Facebook page. Read down their time line and see how you can market products and events at your credit union. Dayton Firefighters Federal Credit Union

CEO Spotlight: Michael Tobler, Albany Firemen’s FCU

  CEO Spotlight: Michael Tobler, Albany Firemen’s FCU Mike Tobler was a firefighter long before he became the leader of Albany Firemen’s FCU. And for nearly 40 years, he’s combined the two roles to build an inspiring legacy of service. Tobler recently shared his experiences and insights for this month’s CEO Spotlight column. Q: What led you to Albany Firemen’s FCU back in 1976? A: My father was the credit union manager at the time, and I was a firefighter. I was asked if I would be a loan officer. I became the manager when my father retired in 1986. Q: How have your experiences as a firefighter and Battalion Chief influenced your approach to leading the credit union? A: I think the two jobs work well together, considering each involves the service of others. Both positions have taught me to work with people and to be prepared for change. Q: Albany Firemen’s FCU was founded back in 1935 with a $2.50 loan to help a member purchase clothing. For more than 50 years, it oper...

Email Hacked? 7 Things You Need to do NOW – Ask Leo!

Since this seems to be an everyday occurrence, I though I would pass this article on to you. I continually receive questions on how to correct this theft and this is where I refer them. It is probably the most complete solution with easy to follow instructions. Grant Sheehan Executive Director NCOFCU Email Hacked? 7 Things You Need to do NOW Email account theft is rampant. If it happens to you, there are several steps that you need to take not only to recover your account, but to prevent it from being easily hacked again. It seems like not a day goes by where I don’t get a question from someone that boils down to their email account having been hacked. Someone, somewhere has gained access to their account and has started using it to send spam. Sometimes passwords are changed, sometimes not. Sometimes traces are left, sometimes not. Sometimes everything in the account is erased, both contacts and saved email, and sometimes not. Continued at>>>> Email Hacked? 7 Things ...