Skip to main content

CU*South shares vision of members as co-creators with National Coalition of Firefighters Credit Unions


FAIRHOPE, AL (October 9, 2015) — “Members as Co-Creators: Connecting with our Owners” is the theme of CU*South’s address at the National Coalition of Firefighters Credit Unions Annual Meeting in Nashville this week.
Focused on the needs of credit unions serving firefighters and their families, the Coalition brings together firefighter volunteers and CEOs for four days of networking and education. “Great things happen when firefighters come together. Our face-to-face interaction is the platform where collaboration begins, relationships are forged, and ideas are generated,” says Michael R Tobler, NCOFCU Chairman and CEO of Albany Firemen’s FCU.
“Every time our members come to work, they’re putting their lives on the line,” says Gene Benick, Coalition Treasurer and CEO of Newark Firemen FCU. “We try to bend over backwards for our members… give them the products and services they need, and technology to access these services from anywhere, anytime.”
“We’re taking a look into the future, collaborating with the leading innovators of financial services and technology,” says CU*South CEO Leo Vaulin. “Our goal is to be ready when a member decides they’re ready to finance a new car or home, or make a purchase using Apple Pay or Android Pay—we need to stay top-of-mind and top-of-wallet. The best way to get there is to involve the member in creating their experience to fit what they want, instead of what some bank decides they should get.”
CU*South will be presenting its shared vision to Coalition members on Saturday, October 10. “CU*South is part of a collaborative network of over 500 credit unions who share the vision that credit unions should control the technology and services that drive their success in serving member needs and sustaining economic growth,” says Mr. Vaulin. “We believe in the strength of individual credit union charters, and use financial technology to share the work while growing the bonds between CUs and their members.”


About CU*South
CU*South is a credit union-owned cooperative focused on building a network of successful credit unions. CU*South offers a wide variety of services including the Tier-1 CU*BASE® processing system offered in both online (ASP) and in-house processing environments, as well as a fully-integrated online and mobile banking solution. CU*South also provides a variety of managed services through its CUSO@Work division, as well as through collaborative partnerships with other CUSOs in the rapidly-growing cuasterisk.com network. Managed services allow credit unions to outsource tasks at a fraction of the cost of a full-time specialist—accounting, collections, compliance, lending, marketing, call center, web design. As a partner of the cuasterisk.com network, CU*South provides the most comprehensive offering of information technology tools and services through a collaborative, shared ownership model, with the same great value credit unions offer members. For more information, visit www.cusouth.com.
About the National Coalition of Firefighters CUs
The National Coalition of Firefighters Credit Unions, Inc. (NCOFCU) is a non-profit professional association of credit unions serving firefighters and their families. Firefighter credit unions have been meeting annually since 2001. NCOFCU presently includes over 100 firefighter credit unions, representing over $9.9 billion in assets and 521,000 members throughout the U.S. and Canada.
Contacts
Leo Vaulin
President/CEO
251-650-2640

leo@cusouth.com

Comments

Post a Comment

Please no profanity or political comments.

Popular posts from this blog

Zero - Cost - Zero - Risk

  https://synergycu.org/ _______________________________________________ Check out some of NCOFCU's additional features: First Responder Credit Union Academy Podcasts YouTube Mini's Blog Job Board
Post a Comment
Read Complete Article HERE>»

TruStage Economic Projections for 2026 - Steve Rick

MADISON, Wis.– Noting it’s “that time a year to make economic projections for 2026,”   TruStage’s   economists are offering their preview for what they believe lies ahead. “We expect real GDP to expand 1.5% in 2026, below the 1.8% pace for 2025, and lower than the 2% long run trend growth rate,” wrote the company’s chief economist, Steve Rick, in TruStage’s newest Trends Report. “Growth will be slightly weaker than normal due to tariff policy uncertainty, restrictive monetary policy and slower labor force growth.” The report states that inflation is expected to be 3% in 2026, only falling slightly from the 3.1% pace this year. “We expect inflation to run above the Federal Reserve’s 2% target as firms pass through any additional tariff costs and the slow growth in labor force will keep upward pressure on wage growth,” the report observes. “This stubbornly high inflation will ensure monetary policy stays restrictive for most of 2026.” The Trends Report notes that the unemploymen...
Post a Comment
Read Complete Article HERE>»

Two Members of FOMC Indicate December Rate Cut Not a Sure Thing

  WASHINGTON–Two members of the Fed’s Open Market Committee have indicated they are in no hurry to further cut rates, despite market expectations. “I’m not decided going into the December meeting” and “my threshold for cutting is a little bit higher than it was at the last two meetings,” Federal Reserve Bank of Chicago President Austan Goolsbee said in a Yahoo Finance interview. “I am nervous about the inflation side of the ledger, where you’ve seen inflation above the target for four and a half years, and it’s trending the wrong way.” Goolsbee was interviewed after last week’s Federal Open Market Committee meeting that saw policymakers cut their interest rate target by a quarter percentage point, to between 3.75% and 4%, as officials sought to offset rising risks to the job market while still keeping interest rates in a position where they’ll help lower inflation pressures, noted Yahoo Finance. As the report also noted, Fed Chair Jerome Powell cautioned last week that “a further r...
Post a Comment
Read Complete Article HERE>»

What Credit Unions Must Prioritize In 2026’s Payments Landscape

  By Ray Birch ST. PETERSBURG, Fla.— Artificial intelligence isn’t just reshaping the way consumers search, shop, and save—it’s about to transform how they pay. And according to Velera Chief Marketing and Communications Officer Tom Pierce, credit unions that don’t start preparing now risk being left behind as members grow increasingly comfortable letting AI handle financial decisions. They also need to be paying attention to an immediate opportunity to grow their credit card portfolios, he said. iStock-Harsa Maduranga Velera’s newly released Eye on Payments 2025 study—one of the industry’s most comprehensive looks at consumer payment behavior—shows the rise of AI is accelerating at a pace few anticipated. One in three consumers now use AI a few times per week, and more than half already apply it to financial planning or budgeting. Even more striking, 42% said they would feel comfortable using AI to make transactions, and that figure jumps to nearly 80% among Gen Z and younger ...
Post a Comment
Read Complete Article HERE>»

Interest-bearing stablecoins could siphon deposits from community banks and credit unions

  WASHINGTON — Warning that interest-bearing stablecoins could siphon deposits from community banks and other traditional financial institutions, the American Bankers Association joined 52 state bankers associations from across the country in submitting a   letter   to the U.S. Department of the Treasury urging strong implementation of the GENIUS Act’s prohibition on interest for payment stablecoins. The letter, which responds to Treasury’s advance notice of proposed rulemaking regarding implementation of the GENIUS Act, emphasizes the need to preserve the law’s core intent: ensuring stablecoins serve as payment tools, not investment vehicles. iStock-Gri-spb “The GENIUS Act’s prohibition on a payment stablecoin issuer paying interest or yield on payment stablecoins reflects Congress’s intent for payment stablecoins to be used for transactions and not as investment vehicles,” the associations wrote. “Treasury must reinforce this intent.” The associations warn that wit...
Post a Comment
Read Complete Article HERE>»

Not Your Mother’s Credit Union

“Stablecoins aren’t a speculative play. They’re the next evolution of payments — and a chance for credit unions to lead, not lag. It starts with connecting members to DLT rails - the digital wallet. Without that, nothing else can happen. It’s just a new payment rail - embrace it or lose the relationship. It’s that simple.” While ‘ stablecoins ’ were the prevailing buzzword across Money20/20 this year, the credit union industry had a significant presence. Small financial institutions have staked a place in the future of payments. Credit unions  received a significant boost this summer with the enactment of the stablecoin bill into law. The Guiding and Establishing National Innovation for U.S. Stablecoins Act authorizes subsidiaries of federally insured credit unions, such as credit union service organizations, to become issuers. Not Your Mother’s Credit Union A Money20/20  fireside chat  with the regulator for credit unions that I moderated focused on the rulemaking task a...
Post a Comment
Read Complete Article HERE>»

Lifesaving Companion Dog Takes On New Role With Injured Firefighter « CBS New York

Lifesaving Companion Dog Takes On New Role With Injured Firefighter « CBS New York : "NEW YORK (CBSNewYork) — A badly injured New York firefighter received a companion dog whose already saved people’s lives from fire. As CBS2’s Dave Carlin reported, disabled firefighter Tom Prin beamed as he was officially presented with his new canine companion Halona inside of a packed ceremony in Suffolk County. The former firefighter was one of 15 people receiving their canine companions. Prin was chosen because of what he’s been through — after fracturing his neck and back while responding to a Brooklyn fire. “When I was going from the third to fourth floor, the steps gave out and I fell through the fire escape,” he said. Prin has endured five spinal surgeries, but the Holtsville man will now be comforted by Halona who has quite the lifesaving resume herself." Click HERE to read full story and see video 'via Blog this'
Post a Comment
Read Complete Article HERE>»

Scott Simpson Marks First Day Leading America’s Credit Unions

  WASHINGTON—  Today, Scott Simpson officially begins as the president and CEO of America’s Credit Unions.  Scott Simpson "With more than 20 years of proven leadership in credit union advocacy and organizational strategy, and several years in public policy and politics, and organizational strategy, Simpson steps into the role with deep experience and a lengthy track record of advancing a unified credit union movement across multiple states and on the national stage—at a time when many Americans are in need of a trusted financial partner," ACU stated, noting the trade group represents CUs holding 95% of the industry's assets and serving more than 144 million members nationwide.  “The credit union movement is at a pivotal moment in history,” said Simpson. “Credit unions have always stood apart by putting people before profit, and that mission is on full display during this governm...
Post a Comment
Read Complete Article HERE>»

Sunday Reading - Near-death experiences, 101

  Scrapes with Death   Near-death experiences, 101 A near-death experience usually occurs in the wake of a traumatic physical event or a reversible clinical death, such as when someone is  revived after a heart attack . While the experience varies, NDEs commonly feature a feeling of detachment from the body, visions of bright lights, a warped sense of time, or religious experiences. Records of NDEs go back to the ancient Greeks and are found across cultures all over the world. The first known clinical observation was recorded  in 18th-century France . In the 1970s, psychiatrist Raymond Moody pioneered the academic study of NDEs as medical events after an acquaintance relayed his own near-death experience. Roughly  5% of the population  is estimated to have a memory of an NDE, with common reports of a feeling of peacefulness (80%), followed by bright lights (69%) and encountering other people or spirits (64%). ... Read our full  explainer on NDEs here ....
Post a Comment
Read Complete Article HERE>»