Skip to main content

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 operated out of a firehouse. How has this unique history helped shape the credit union?

A: I think that first loan exemplified the need for credit unions. What bank, even at that time, would write a loan for so little? I am proud that men with no financial background understood how important the credit union was to better their financial positions.

We used to have an envelope in each firehouse that our members would put their weekly payments in, and then we would collect the envelopes every Friday. During the 50-plus years we did that, we never lost any monies from those payments. I believe this shows how important the service was to our members.

Q: What’s your primary goal when you go into work each day?

A: To promote the credit union difference—not only in the way we do business, but also by making our members feel that they can depend on us.

Q: What do you view as your greatest accomplishment at the credit union?

A: I am very proud that I have been able to continue the one-on-one service we are known for while also bringing in new employees and services. I think we give special attention to our members, as our member service representatives work individually with each member in a private office space.

Q: What is Albany Firemen’s FCU most focused on for 2014?

A: Growing our membership. This is something that has been slowly accepted by our members, but it is necessary so that we can offer new services for a competitive price. We also have a second branch where we will be increasing our hours of operation and promoting family membership.

Q: How does it feel to see your daughter, Renee Cowan (also a firefighter), in a leadership role at the credit union?

A: I feel very proud, as does our board of directors. Renee is being trained to carry on our great tradition while promoting the future of our credit union.

Q: You’ve been on the Association board since 2007. What do you enjoy most about this role?

A: Being voted to the Association board of directors is probably one of my best accomplishments. I work with an amazing group of people who are committed 100 percent to the goals we all strive for. To have the opportunity to express opinions with leaders of all asset sizes is truly a learning experience, and it epitomizes our willingness to work together.

Q: What do you love most about being part of the credit union movement?

A: There is no doubt that credit union people care about one another. We may sometimes compete for the same member, but when one of us asks for help, others are there to assist. It reminds me of the brotherhood of firefighting.

Q: What do you enjoy doing when you’re not at work?

A: My family and I enjoy traveling and spending time together in Florida. My wife Dale and I enjoy our rides together in our red Corvette. I also enjoy snow and waterskiing, and certainly a round of golf.

Q: What’s the best piece of professional advice you’ve ever received?

A: My father, who was my hero, told me “the bottom line is important, but people come first.” Twenty years after his passing, members still are eager to tell me how he changed their lives through the credit union.

Q: How do you define success?

A: Knowing that things are better because of the actions I have taken. Big or small, I get the same feeling of satisfaction.

About CEO Spotlight:
Each month, the CEO Spotlight column features credit union leaders from around the state, offering an inside look at their experiences and insights. Previous CEO Spotlight columns are available on the Credit Union Association of New York website.

The Point: July 7, 2014

Comments

Popular posts from this blog

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 

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...

New from AutoLink

New from AutoLink

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...

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...