Firefighter Credit Union Newsroom

  Firefighters First Credit Union Gives Back Over $2.5 Million to Firefighters and Their Families January 29, 2015 06:27 PM Eastern Standard Time LOS ANGELES-- At Firefighters First Credit Union, our members are owners and we hold true to our 80-year legacy of firefighters helping firefighters. That is why we return our profits directly back to our members in the form of Extraordinary Dividend Bonuses and Interest Refunds. With this year’s $2.5 Million payout, it brings the total amount we have paid back to our members to over $40 Million in the past 30 years. “Extraordinary Dividend Bonuses and Interest Refunds are unique benefits of Credit Unions, and many have stopped them altogether. But at the discretion of the Board of Directors, we feel it is an important part of our tradition and our members agree. Payouts vary based on member relationships, but it’s not uncommon to see payouts of over $5,000,” explained Mike Mastro, Firefighters First CU President/CEO. This year, we ...

Credit union expert Tim Harrington will keynote the National Coalition of Firefighters Credit Unions Inc. (NCOFCU) 2015 Annual Conference. He will also address Financial Literacy at the volunteers only session Thursday afternoon, which will help attendees build the skills and knowledge they need to strengthen their credit unions’ bottom lines. The conference will be held October 7-10, 2015 at the Renaissance Hotel and Convention Center in Nashville, TN. “Tim Harrington is a dynamic speaker whose knowledge and expertise in this industry will help attendees lead their credit unions to new heights,” “With the continuing challenges facing credit unions, it is imperative that board and supervisory committee members have the specific competencies this conference offers so they can help ensure their institutions’ safe, sound operation and competitive standing in the consumer financial services market.” Author, consultant and speaker Tim Harrington has worked with credit unions in 48 state...

  The Most Stressful Jobs of 2015 By CareerCast.com The most stressful jobs of 2015 can be physically dangerous, psychologically taxing—and a great match for those with the passion and drive necessary to succeed in such an environment. David Barckhoff of Pittsburgh fits the bill. Barkchoff says he became interested in a career as a firefighter, the most stressful job of 2015, at age eight or nine. “I was interested in the excitement. I remember seeing the truck go down the road with the lights on,” he says. “The idea of rescuing people…and the camaraderie" with other firefighters appealed to him then and now. For some, the job’s challenges might be a deterrent. But not for Barckhoff, who was already used to working in a stressful occupation. Barckhoff transitioned into firefighting from a stint in the second-most stressful job of 2015, as an enlisted military specialist in the United States Navy. He says the two paths share similarities. “The fire academy is almost like g...

We often forget that firemen all over the world serve their communities by offering their lives so that others may live. Our thoughts and prayers go out to their families! NCOFCU Six firemen were killed today as they fought a blaze that engulfed a bowling alley in northern Taiwan. The men, all in their 20s, were trapped and killed in a sudden burst of flames which caused the partial collapse of the building in Taoyuan county. Two of the firemen who died had graduated from Taiwan Police Academy only last year. The fire broke out in the early hours of the morning when the venue was shut, police said. Six firemen killed when blazing bowling alley collapses in Taiwan | South China Morning Post

The Michigan Legislature recently passed legislation that will go into effect January 1, 2015, that establishes a fund to cover the cost of treatment and lost wages for Fire Fighters who are diagnosed with certain types of cancers and Governor Rick Snyder is supposed to sign this into law quickly.    Currently, Fire Fighters who are diagnosed with cancer are not covered under workers compensation unless they can unequivocally determine that the cancer they have came from an on-the-job exposure during an a particular incident.   The new bill passed by the Legislature establishes the "First Responders Presumed Coverage Reimbursement Fund" which will reimburse Fire Fighters for the cost of their treatments as well as lost wages.  This fund will cover 10 different types of cancers: respiratory, tract, bladder, skin, brain, kidney, blood, testicular, prostrate thyroid and lymphatic cancers. Read more by  clicking here . http://www.freep.com/story/opinion/contrib...

Boston is legendary for its tribal brawls: the Irish and the Brahmins, city police against the state troopers, townies versus college kids.  Add to that list: The City of Boston Credit Union and the Boston Firefighters Credit Union. The two credit unions that serve city employees are battling about access to the money of some of the highest paid public workers in Boston: law enforcement workers. Looking to grow its membership, the Firefighters Credit Union last year began courting law enforcement employees — police officers, sheriff deputies, county corrections officers, and state troopers — and in November received permission to expand from the state’s primary regulator, the Massachusetts Commissioner of Banks David Cotney.  That ignited a turf war with the more established City of Boston Credit Union, which promptly asked a Suffolk County Superior Court judge to stop the firefighters from expanding. A hearing reviewing Cotney’s ruling is scheduled for Friday. Tussles between...

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