Firefighter Credit Union Newsroom

NCUA Board Proposes Sweeping Field-of-Membership Reform Millions of Americans who need affordable financial services would be eligible for credit union membership under a proposed field-of-membership modernization rule (Part 701) unanimously approved by the NCUA Board. “There is nothing more vital to the future of a credit union than the ability to attract new members,” Board Chairman Debbie Matz said. “Our vision is to enable federal credit unions to reach potential members from all walks of life. With this proposed rule, we would expand consumer choice, increase access to affordable financial services and provide regulatory relief to a wide range of federal credit unions. At the same time, we will keep the federal charter competitive with state charters that allow more permissive field-of-membership rules.” Consistent with the limitations outlined in the Federal Credit Union Act, the proposed rule would amend NCUA’s chartering and field-of-membership rule by: Modernizing the...

LOS ANGELES, CALIFORNIA – As the trusted provider of premier financial services to its fire family, Firefighters First Credit Union is proud to celebrate its 80 th Anniversary. Founded on November 16, 1935, the Credit Union’s journey began at the depth of the great depression above Fire Station 28 in downtown Los Angeles. A few senior firemen pooled their money in an old cigar box, to help younger firefighters in need. This common bond created personal and trusting relationships, which became the foundation for the Credit Union. Within the first 13 months of operation, the Credit Union had reached $90,000 in assets and had over 800 members. To recognize this important milestone, the Credit Union began its celebration early. In fact, the celebration began 80 days prior to its anniversary day of November 16. Festivities included in-branch appreciation days and online prize giveaways. Exclusive social media campaigns provided members with the opportunity to share photos, mee...

The National Coalition of Firefighters Credit Unions Inc (NCOFCU) just concluded its 2015 conference. It was attended by a record breaking 240 firefighters, staff and guests. Wednesday night’s Welcome Reception was a hit with our special (look alike) guest Dolly Parton. She welcomed everyone to Nashville, posed for pictures and sang a few songs, great time welcoming old friends and meeting new ones. The conference was opened by NCOFCU Board Chairman Michael R. Tobler, CEO Albany Firemens FCU, who introduced Bonnie Sensing CEO Nashville Firefighters CU, host credit union. She then introduced retired Chief, Charles M. Vance for the invocation followed by Fire Chief Rick White and Fred Robinson President Tennessee CUL. Chairman Michael Tobler then presented a “Thank You” plaque to Bonnie Sensing for hosting the conference. Francis Reed CEO of Firefighters CU received “Letter of Appreciation” for being a founding board member. Clint Hartmann retiring CEO Houston Texas Fire fighters F...

Consumer Protection, Inside the Beltway Friday, November 06, 2015 The National Credit Union Administration recently announced a pair of settlement actions that will allow the agency to recover nearly $400 million for member credit unions. The first is an agreement with Barclay’s Capital for $325 million to resolve claims from losses related to residential mortgage-backed securities by corporate credit unions that went bad. NCUA filed suit against Barclay’s in 2012 and will dismiss pending suits against the company with the settlement. Barclay’s does not admit fault in the settlement. NCUA said it will use the net proceeds to reduce Temporary Corporate Credit Union Stabilization Fund assessments charged to federally insured credit unions to pay for the losses caused by the failure of five corporate credit unions. “In order to help minimize losses and future costs to the credit union system, NCUA is committed to pursuing recoveries against financial firms we mai...

A Powerful, Free Video Worth Watching   NOTE: Contains   replicated  violence! May not be suitable for all viewers. The Department of Homeland Security and the city of Houston have created a very powerful, free, six-minute video on the “Run, Hide, Fight” approach that should be shown to all credit union employees.  It is now the legal obligation of employers to provide a safe working environment for employees. By incorporating active shooter training as part of your existing life safety program, you should be able to adopt them with minimal disruption and anxiety to your workforce.

Denver is a top-rated event,  future-focused and themed around idea-sharing and innovation!   September 28 - October 1, 2016 Denver, CO "By Firefighters For Firefighters" “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.”   Attendee On_Line Registration 2016 Denver Schedule .pdf Exhibitor Brochure   The key aspects of this meeting will focus on the structured round table discussions among the attendees from the credit union community. Participants will have the opportunity to sit in on breakout sessions covering a variety of subjects of key interest to credit unions.You'll walk away with: Tools and techniques from credit union leaders Fresh and innovative business strategies – from growing your products to being ready for the next wave of change What you really need to know about the firefighter credit union envir...

Webinar: What’s New at AffirmX? Free webinar offered Nov. 17 and Nov. 19 Since launching its revolutionary Risk Intel Center platform a few years ago, AffirmX has continued to enhance its patented solution based on input from NCOFCU users and to meet ever-expanding regulatory requirements. If you're unfamiliar with AffirmX's innovative solution, or if it has been awhile since you've seen what it can do, here is your chance to get quickly up to speed on how it can help your credit union reduce workloads, anxieties and costs. This webinar will cover: The six top features of the Risk Intel Center , including two new features our clients love An overview of the new credit union compliance solution called AffirmX Lite An introduction of the new Vendor Management Module . For your convenience, this one-hour webinar will be offered at your choice of two times. Reserve your spot today: What's New at AffirmX Webinar #1 Tuesday,...