Firefighter Credit Union Newsroom

By Natalia Olson-Urtecho | Feb 27, 2015 Two out of every three new, private sector jobs are created by small businesses, making them unique cornerstones of America and the backbone of our economy. That’s why it’s so important for small businesses to have access to capital to start and grow their businesses. To help bridge credit gaps, we at the U.S. Small Business Administration are partnering with credit unions. Credit unions in the mid-Atlantic region are incredibly important because they are community-based and mission focused. They help their members finance cars, homes, education, and of course, small businesses! With this partnership we’re engaging 250 credit unions to approve at least 10 loans of $50,000 or less, injecting over $125 million into the small business economy. The economic influence of this partnership cannot be overstated. There are nearly 6,800 federally insured credit unions with over 100 million members and around $1 trillion in assets. Additionally, this pa...

Visit us at booth 106. This is a great opportunity for us to present the National Coalition of Firefighters Credit Unions Inc. to the credit union community. To discuss our vision and purpose to support firefighters credit unions nationwide in their efforts to provide quality services to their membership. Grant Sheehan Executive Director/CEO

I thought I would pass on this great article in the CU Times from the World Council of Credit Unions on 12 Strategies to Attract Young Members. Grant Sheehan Young members are the future of credit unions. Yet, in many nations, the average age of credit union members is in the mid-to-to late 40s, according to the World Council of Credit Unions in Madison, Wis. In the U.S., U.K. and Australia, the median member age is 47, while the median age of credit union members in Canada is 53. Nations with the youngest cooperative members are Afghanistan (25), Malawi and Kenya (30), Jamaica and Cameroon (35), Guatemala (36) and Ghana (38). Read More 12 Strategies to Attract Young Members

  HOUSTON FIRE CAPTAIN DIES AFTER THURSDAY FIRE The Secret List www.FireFighterCloseCalls.com We regret to pass on to you notice that Houston (Texas) Captain Dwight Bazile, station 46 D shift, died in the Line of Duty today at 1815 Hours at Memorial Herman Hospital.  Captain Bazile collapsed on the fire scene Thursday, February 19th 2015 and has been fighting for his life at Memorial Herman Heart & Vascular Institute.  He is survived by his Wife Pamela Bazile, Son Dwight Bazile II, and Mother Charlotte Felder. We ask that you keep the family, of Captain Bazile, and the members of the HFD in your thoughts and prayers. RIP. Take Care. Be Careful. Pass It On. BillyG The Secret List 2/21/2015-2156 Hours www.FireFighterCloseCalls.com

WORCESTER — When Fire Chief Gerard A. Dio retires at the end of this year, he will end a 35-year career with the department marked most distinctly by his efforts surrounding the Worcester Cold Storage and Warehouse Co. building fire in 1999. Chief Dio was an incident commander on Dec. 3, 1999, the day the massive structure fire killed six local firefighters. In the days that followed, the soon-to-be fire chief put back-breaking, physically and emotionally exhausting, work into the site, searching for his colleagues. Then, in the evenings after grueling days, he would head over to the Worcester Fire Department Credit Union to handle administrative work. At the office, Chief Dio would oversee the processing of thousands of contributions pouring in from around the world for families of the lost firefighters, totaling millions of dollars in the end. When honored with a community leadership award in 2000 for his efforts, he notably downplayed his efforts. Chief Dio, 61, announced Friday...

  By Deirdre Fernandes Globe Staff  February 12, 2015 The Boston Firefighters Credit Union will be able to open its membership to the city’s police officers and other law enforcement officials, a Suffolk County Superior Court judge ruled Thursday. Judge Mitchell Kaplan rebuffed an attempt by the City of Boston Credit Union to stop the firefighters credit union from expanding its membership and taking away some of its most lucrative customers: police officers, who are among the highest-paid city employees. The turf battle between the two financial institutions grew unusually emotional as they accused each other of distorting facts and invoking the events surrounding the Boston Marathon bombing to promote their cause. David Cotney, the state’s commissioner of banks, had approved the firefighters’ expansion plans in November. But the city’s credit union filed a court injunction to stop it. In his decision dismissing the case, Judge Kaplan said the commissioner’s decision ...

CU Times WASHINGTON — The NCUA board will consider a proposal to raise the definition of a small credit union from assets under $50 million to assets under $100 million at the Feb. 19 board meeting. ”Increasing the threshold from $50 million to $100 million would provide special consideration for regulatory relief for an additional 745 credit unions in future rulemakings,” Larry Fazio, director of the NCUA Office of Examination and Insurance, said Tuesday at a Senate Banking Committee hearing on regulatory relief for small financial institutions. If the threshold increase is approved, the NCUA estimated that hundreds of additional credit unions would fall under the definition of a small entity. “Should the board adopt a $100 million threshold, 77% of all credit unions would be covered in future considerations of regulatory relief,” Fazio said in his written testimony. “Taking this action also would recognize the challenges encountered by credit unions below $100 million in assets,...

LOS ANGELES, CA -- As the charitable hand of the Los Angeles-based Firefighters First Credit Union, Fire Family Foundation distributed almost $104,000 in assistance to firefighters and fire families in 2014, providing hope and comfort to those in need. Serving firefighters, their families and fire victims, the Foundation ensures donations go directly to those in need; assistance is distributed statewide and supports numerous individuals and organizations. The Foundation assisted many in 2014, including: · Daughter of a firefighter, three -year-old Cecilia has been battling cancer over half her life; · The family of three-week old Harper who needed to be airlifted for life-saving heart surgery; her daddy too is a firefighter; · Veteran firefighter Valerie who is battling cancer; the Foundation raised funds and participated in a volunteer work day to help with needed home chores and to create a backyard awning to help in her recuperation from intense chemotherapy; · The family of Roger...

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