Tuesday, September 22, 2015

2015 "Best Credit Unions to Work For"

Our congratulations to Bernie Winne CEO Boston Firefighters Credit Union for making CU Journals “Best Credit Unions to Work For” list

CREDIT UNIONS WITH ASSETS MORE THAN $200 MILLION AND LESS THAN $500 MILLION

Rank

Credit Union

1 Infinity Federal Credit Union

2 Belvoir Federal Credit Union

3 Granite Credit Union

4 Town & Country Federal Credit Union

5 OMNI Community Credit Union

6 Boston Firefighters Credit Union

7 Atomic Credit Union

8 Icon Credit Union

9 Deseret First Credit Union

10 Nymeo Federal Credit Union

11 First Credit Union

2015 "Best Credit Unions to Work For" - Best Credit Unions to Work for

Friday, September 18, 2015

NCUA Board Doubles Small Credit Union Threshold to $100 Million

 Updated Definition of “Small” Means Relief for Hundreds More Credit Unions
More than three-quarters of all federally insured credit unions will be classified as small entities under the final rule (Part 791) and interpretive ruling and policy statement (IRPS 15-1) approved by the NCUA Board.
The Board’s action raises the asset ceiling for a “small” credit union from $50 million to $100 million under the Regulatory Flexibility Act. The change makes an additional 733 federally insured credit unions eligible for special consideration of regulatory relief in future rulemakings and assistance from NCUA’s Office of Small Credit Union Initiatives, including training and consulting. In all, 4,690 federally insured credit unions will be classified as small.
“The asset ceiling for small credit unions is now 10 times higher than when I became Chairman in 2009 and 100 times higher than when I first joined the Board in 2002,” NCUA Board Chairman Debbie Matz said. “When I returned to the Board, CEOs of small credit unions told me the definition hadn’t kept pace with credit union trends, so updating this definition became part of my Regulatory Modernization Initiative.”
Matz said the Board considered even higher thresholds, as some advocated, but determined they would be difficult to justify with economic data.
“In today’s credit union system, an asset threshold above $100 million is the logical floor for complex credit unions, and our data analysis shows a threshold under $100 million meets the modern definition of a small credit union,” Matz said. “If we had chosen the same small entity threshold of $550 million as the banking industry is required by law to do, we would have created five times the asset exposure to the National Credit Union Share Insurance Fund.”
In approving the $100 million asset ceiling, the NCUA Board analyzed a wide range of metrics, including growth rates for assets, deposits, loans and membership; the ratio of operating costs to assets; and merger and liquidation rates.
Pages - NCUA Board Doubles Small Credit Union Threshold to $100 Million

Tuesday, September 15, 2015

Auto Link was a real HIT at the NCOFCU 2015 Conference

NCOFCU business partner Auto Link was a real HIT at the 2015 Conference. Ed Bourgeois  demonstrated to each credit union how there program would look and operate within their website.

Your credit union has the best rates on loans and products, but only 15.74% of the national auto market share went to credit unions in 2014 — down 7.2% from 2013.
The online shopping paradigm shift is changing the way your members buy vehicles and get auto loans.

Auto Link™ is a complete member marketing package for your credit union that will increase auto loan revenue by engaging your members in the new digital world. 



Now special discounts for NCOFCU Members, visit NCOFCU Member Benefits 

Plus Your Members Get a myEZ Car Care® VIP package

Get continual marketing touch points to engage your members throughout the entire vehicle ownership lifecycle.

Any member with a vehicle will enjoy the savings and convenience of using your credit union branded wallet card and mobile or desktop app to save money and properly care for their vehicles.
Your credit union will be top of mind as the myEZ Car Care® program continually reminds them of how you care about their vehicle ownership experience.
myEZ Car Care® membership comes with discounts on the following services:
  • Vehicle Repair, Service and Maintenance
  • Rental Cars from Avis, Budget, Dollar, and Thrifty
  • Hotels, Resorts, and Vacation Rentals
  • Electronic Glove Box® for Desktop and Mobile Ap
For more information contact:
Ed Bourgeois
myEZ Car Care, LLC
304 Garden Road
River Ridge, LA  70123
504-273-0337

Monday, September 14, 2015

Fire Family Foundation Establishes Middleton Relief Fund to Support Local NoCal Communities Devastated by Fire

MEDIA CONTACT: Robin McCarthy
323 550 2208

Fire Family Foundation Establishes Middleton Relief Fund to Support Local NoCal Communities Devastated by Fire

September 14, 2015 – Los Angeles/Middleton, CA: Responding to the emergency of deadly wildfires that are currently blazing through Northern California, the California Credit Union League and Fire Family Foundation (www.FireFamilyFoundation.org), the charitable hand of Firefighters First Credit Union, have partnered to create the Middletown Relief Fund.

Located in Lake County, Middletown was devastated by a fast-moving wildfire that erupted Saturday afternoon; thousands have left their homes and four firefighters were critically injured with second degree burns.

The Middletown Relief Fund will dedicate 100% of the funds raised to those in these areas from Napa to Sacramento. As it has done for other firefighters and fire victims, the funds will be used to pay expenses for everything from food to mortgages/rent.

"Our firefighters are facing immense obstacles and frankly, awful conditions in this tremendous heat, while the fire continues to rage and spread," explains Mike Mastro, Chair, Fire Family Foundation Board, and CEO/President, Firefighters First Credit Union. "Our commitment is to firefighters. We have always been there to help our firefighters and now those injured need our help even more."

Diana Dykstra, President/CEO of the California Credit Union League, comments on the unique partnership, "Credit Unions are part of the community. We are marshaling credit unions across California to aid in helping those affected by this destruction. When one suffers we believe in banding together to help and serve. Some of our member credit unions are in these local communities, and yes, they truly need us now. Working through Fire Family Foundation, we can serve those affected.”

The Foundation is a nonprofit organization currently helping Firefighter Damien Pereira who was critically injured earlier this year fighting a wild land fire. A limb fell on him and the 27-year old is paralyzed from the waist down.

All donations to the Middleton Relief Fund are tax deductible. To make a donation, visit www.FireFamilyFoundation.org and enter Middleton Relief Fund for tribute gift or make checks payable to Fire Family Foundation, 815 Colorado Blvd., Los Angeles, CA 90041 with a notation: Middleton Relief Fund.

ABOUT FIRE FAMILY FOUNDATION

Fire Family Foundation responds when tragedy affects firefighters and fire victims. A nonprofit founded by the respected Firefighters First Credit Union, Fire Family Foundation offers immediate assistance to firefighters and their families, fire victims, fire departments, and charities. The Foundation believes that by coming together as a “Fire Family,” assistance can be provided to those impacted by fire. Learn more at www.FireFamilyFoundation.org.

Friday, September 11, 2015

9-11 Tribute " A Hero Lies In You!"


May we never forget!



Picture from Homeland Security and Fema From 9/11 rescue.

 Music "Hero"Music "Hero" by Mariah Carey (Google Play • AmazonMP3 • iTunes)