Skip to main content

NCOFCU 2015 Nashville, TN. Conference Recap

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 FCU received NCOFCU’s “Lifetime Achievement Award” for his outstanding service to NCOFCU and the credit union industry.  

 Tim Harrington, CPA spoke on Enlightened Leadership followed by a very notable line up of speakers over the next 2 days, Michael Lozoff ESQ, Shutts & Bowen, Murray Halperin President, Biz-Lending, Prescott Ford Managing Director, First Empire, Steven Rick Chief Economist, CUNA Mutual Group, Myra Toeppe Director D-3, NCUA, Jeff Carpenter CUNA, and Leo Vaulin CEO, CU-South.

 Thursday afternoon exhibitors had their opportunity to meet and great the attendees and award prizes for visiting their booths.

 Our Friday night closing dinner at the Wildhorse Saloon gave everyone a chance to feel the Nashville vibe. Attendees danced, ate and drank the night away while wild horses ran across the ceiling.

 This year we went country next year we are going West to Denver, CO! Reserve the dates September 28th – October 1st, 2016 at the Grand Hyatt in downtown Denver.

Comments

Post a Comment

Please no profanity or political comments.

Popular posts from this blog

NCUA Issues Final Rule to Revise Record Preservation Requirements

ALEXANDRIA, Va. ― The National Credit Union Administration has issued a final rule revising record preservation requirements for credit unions in the event of a catastrophic act. This rule is codified at 12 CFR 749.   “Maintaining vital records is essential to the safety and soundness of any federally insured credit union’s operations and its ability to best serve members,” NCUA Chairman Kyle Hauptman said in a statement. “But NCUA, unlike other regulators, didn’t have a limit on how long records had to be kept. This led to unnecessary cost, hassle and uncertainty. This final rule will ease unnecessary and overly prescriptive preservation requirements, while ensuring that credit unions retain the critical documents needed in instances of disaster”  According to the agency, the vital records preservation program rule was first created in 1972 to ensure that federally insured credit unions keep duplicate records that can be used for reconstruction purposes in the event of ...
Post a Comment
Read Complete Article HERE>»

Twenty-Five Years of Showing Up

www.NCOFCU.org/Tucson-AZ-2026    Attendee Registration Schedule at a Glance ...
Post a Comment
Read Complete Article HERE>»

Boston Firefighters Credit Union Becomes First Responders Credit Union

New name reflects nearly 80 years of service and a growing commitment to first responders across Massachusetts BOSTON, MA, June 15, 2026 — Boston Firefighters Credit Union today announced that it has officially changed its name to First Responders Credit Union , reflecting the broader first responder community the organization serves while honoring the firefighters who founded it nearly 80 years ago. Founded in 1947 by members of the Boston Fire Department, the credit union was established to serve the financial needs of firefighters and their families. Over the decades, it has grown into a trusted financial institution serving firefighters, law enforcement professionals, EMS personnel, civilian employees of first responder agencies, and their families throughout Massachusetts. Today, more than 12,000 members rely on the credit union for banking, lending, and financial guidance tailored to the unique demands of first responder life. While the name is new, the mission is not. ...
Post a Comment
Read Complete Article HERE>»

Credit Where Credit's Due

  Credit Where Credit's Due   Credit reports 101 Used to calculate credit scores   and determine creditworthiness, credit reports are comprehensive documents that detail the credit history of a person or business, including current and former lines of credit, bankruptcy records, and more.  Credit assessments actually started in the 1700s   as a way to evaluate businesses’ financial standing rather than consumers’. The early 1800s brought efforts to standardize the credit reporting system as more businesses were started that needed loans, and the labor movement’s success in the second half of the 1800s led to an increased need for standardized c...
Post a Comment
Read Complete Article HERE>»

FFIEC Proposes Biggest CAMELS Overhaul In 30 Years, Citing Need For Greater Transparency

  W ASHINGTON —The Federal Financial Institutions Examination Council is seeking public comment on a proposed overhaul of the CAMELS supervisory ratings framework, marking what regulators said would be the first comprehensive revision of the bank and credit union examination system in approximately 30 years. Michelle Bowman The proposal would revise the Uniform Financial Institutions Rating System—better known as CAMELS—to place greater emphasis on material financial risk and improve the transparency and predictability of supervisory ratings. Regulators said the framework would continue to evaluate institutions on capital adequacy, asset quality, management, earnings, liquidity and sensitivity to market risk, while modifying certain composite and component rating definitions and evaluation factors. In announcing the proposal, FFIEC Chair and Federal Reserve Vice Chair for Supervision Michelle Bowman said the revised framework is intended to create “a decisive shift toward transpar...
Post a Comment
Read Complete Article HERE>»

Just Out! - NCUA Stablecoin Plan Opens Door To Credit Union-Backed Digital Dollar Issuers

ALEXANDRIA, Va.—A sweeping new NCUA proposal to implement the GENIUS Act could open the door for credit union-backed stablecoin issuance, but only through separately licensed subsidiaries operating under an extensive new federal regulatory framework that limits risks to the Share Insurance Fund. The 269-page supplemental proposed rule issued Friday lays out how “permitted payment stablecoin issuers” affiliated with federally insured credit unions would be supervised, examined and regulated by the NCUA, while also establishing rules covering reserves, liquidity, custody, operational risk, cybersecurity, anti-money laundering compliance and disclosure standards. The proposal supplements an earlier February 2026 proposal by the agency focused primarily on licensing and investments in stablecoin issuers. Federally insured credit unions themselves would still be prohibited from directly issuing payment stablecoins under the GENIUS Act. Instead, issuance would have to occur through a separa...
Post a Comment
Read Complete Article HERE>»

47-Second Loan Décisions. Underwriting in Minutes. How AI is Revolutionizing Turnaround Time in Mortgage Lending

May 27, 2026 CU Today TORONTO–While AI has been deployed across a host of back office functions, on the consumer-facing side its promise is increasingly being seen in mortgage lending, where lenders are promising mortgage approval decisions in as little as 47 seconds, reporting that up to a third of inquiries are now being handled by chatbots, and slashing underwriting time to just minutes. Toronto-based TD Bank Group said it has also deployed its first agentic artificial intelligence system in mortgage lending, reducing the time required to prepare applications for underwriting from an average of roughly 15 hours to less than three minutes. According to a statement from TD Bank, the new AI model automates mortgage pre-adjudication — the process that occurs before a human underwriter reviews an application. The bank said the system classifies borrower documents, extracts and validates financial information, calculates income, performs policy and consent checks, identifies discrepancie...
Post a Comment
Read Complete Article HERE>»

NCUA Board Meeting Coverage: NCUA Approves New Cyber Incident Reporting Rule

02/16/2023 CUToday ALEXANDRIA, Va.–By a 3-0 vote, the NCUA board has approved a final rule on cyber incident reporting for federally insured credit unions. The rule requires credit unions to inform NCUA of any “reportable” incident within 72 hours. Such incidents are those where the credit union “reasonably believes” a cyber incident has occurred, with such events defined as those in which the integrity, confidentiality or availability of information has been compromised. The rule is to go into effect on Sept. 1, 2023. Todd Harper The NCUA board was updated on the rule by Ke...
Post a Comment
Read Complete Article HERE>»

The Off-the-Record Conversations That Need to be On-the-Record

By Frank J. Diekmann For a while now I have had a pretty good idea what someone is about to say when they begin by saying, “Off the record, Frank, but… And then they say out loud what had previously been whispered. That is, the motto may be “people helping people,” but there is an increasing belief that credit unions aren’t helping themselves--at all—with these professional sports franchise tie-ups and with their purchases of banks that in some cases are located numerous states away and are nowhere near the home office. And all of this it taking place with the Senate Committee on Finance this week set to hold a hearing titled “2025 Tax Policy Debate and Tax Avoidance Strategies.” While it’s not formally part of the agenda, the hearing will...
Post a Comment
Read Complete Article HERE>»