Firefighter Credit Union Newsroom

  If not for a quirky bit of law passed by Colorado legislators 33 years ago, during the dawn of the savings and loan crisis, the world's first credit union for the marijuana industry would not have been a possibility so soon. Discovered by organizers of the Fourth Corner Credit Union soon after a morale-dropping phone call with federal regulators, the law appears to allow a credit union to open for business — perhaps as soon as Jan. 1 — while awaiting approval of required federal insurance. Overlooked Colorado law opened door to pot credit union charter - The Denver Post

Firefighters Community Credit Union in Cleveland is continuing expansion efforts with its first foray into Lorain County at the end of the year via its acquisition of Sun Center Federal Credit Union of LaGrange.The transaction takes effect Dec. 31, pending regulatory approvals. Financial terms of the transaction were not disclosed. The deal is rooted in succession planning for Sun, from which CEO Brenda Hammond will retire in December, and in strategic planning for Firefighters, where board members have been pushing the credit union to continue expanding its geographic footprint and bolstering membership since the adoption of its community charter in 2005. Firefighters, which currently serves Lake and Cuyahoga counties, will take over operations of Sun's five Lorain County locations. The deal has been in the works since spring. Firefighters will add $35 million in assets, about 4,000 members and 18 employees with the merger, said CEO Ben Laurendeau. The deal will take Firefighters...

  The benefit was for Maria Pothast, an EMT with the Nashville Fire Department, who has an inoperable brain tumor. "Every bit of this money will go to Maria to help her offset some of her costs while she's out of work," said Mark Young, with International Association of Firefighters Local 140. Volunteers helped sell tickets, t-shirts, blankets and raffle tickets for a chance to win a guitar autographed by Aaron Tippin. The Nashville firefighters took the ice, but they weren't the only ones skating for a cause. Firefighters from South Bend, IN, traveled at their own expense to play the local team. "We put the word out," Young said. "The hockey team made contact in South Bend. They were all in, as they always are. It's a great event. "We are so thankful for our hockey team," Young added. "They don't expect anything. They are doing this, all volunteers. We hope they don't twist an ankle, but we're proud of the hockey team....

It’s Official!   NCOFCU is a Non-Profit Charitable Organization! Our work thus far without this designation was only possible through the tremendous support from our firefighter credit union community. Now, as an official 501(c)(3) non-profit organization, we can do So. Much. More. !! You may be asking: “Like what?” Well, allow us to share with you: Apply for grants – before we were severely limited as most funders want you to be a non-profit organization in the eyes of the IRS Accept Interns – College students can receive credit to intern with us at our conferences Accept Donations -- both monetary and personal property – Thank you to those who personally donated without the tax exemption, but now you can not only claim some of your previous donations, but all of the ones you will make in the future Solicit Donations – Most large businesses and small businesses love the opportunity to give back, you just gotta ask! …. And provide your non-profit status. Done! ...

“Thanksgiving” is a day when we pause to give thanks for what we have. “Veterans Day” is a day when we pause to give thanks to the people who fought for the things we have!

Michael Schwartz BizSense The latest in a string of local credit union mergers is looking to bring city police and firefighters under one roof. A deal is in the works to merge The Richmond Fire Department Credit Union and Richmond Police Department Credit Union. The resulting institution will have 2,500 members and $21 million in assets. It will be renamed Richmond Virginia Fire Police Credit Union. The two sides filed for state approval for the deal on Oct. 31, according to State Corporation Commission records. Richmond Police Department Credit Union chief executive Alice Pope said she was not prepared to comment on the deal. Wallace Garland, CEO of the Fire Department Credit Union said he could not comment at this time. Letters to members state the credit unions hope to have the merger closed by around the first of the new year. Members of both credit unions have already approved the merger. The Richmond Police Department Credit Union is housed in the police headquar...

As a follow up to our very successful business lending breakout session in San Diego, I am posting what our sponsor “Biz Lending” can do for you. Please contact Murray Halperin 561-393-3770 or email at murrayh@bizlendingcenter.com   for more information. Down load Program at;   https://ncofcu.memberclicks.net/assets/Presentations/2014/biz-lending/blc%20presentation.pdf