Firefighter Credit Union Newsroom

Los Angeles, CA – April 25, 2017 –, Firefighters First Credit Union (Firefighters First) announced that it has received regulatory and member approvals to convert to a federal Trade, Industry and Professional (TIP) charter serving the fire community, effective April 18, 2017. This is the next step in its evolution to better serve its fire family members. The move from a California state charter to a federal TIP charter enables Firefighters First to serve the financial needs of its 3,500 members who have moved outside the state, as well as members who decide to move, retire, start a business or buy a home anywhere in the country. This strategic decision also provides Firefighters First with the ability to offer products and services to new fire partners, focusing on areas that may not have a local fire credit union in their community. “As part of our commitment to our members, we are continually looking for new and better ways to support our fire families. The Firefighters F...

Retiring CEO, Mike Mastro of Firefighters First Credit Union was awarded NCOFCU's  Lifetime Achievement Award, by 1st Vice President Jerry Horwedel, at his retirement dinner.. Mike was acknowledge for his outstanding service to firefighter credit unions as well as his overwhelming support as a founding member of the National Council of Firefighter Credit Unions. (NCOFCU)

WASHINGTON—It’s National Volunteer Week, and NAFCU President and CEO Dan Berger, who is speaking at our Charlotte conference, is reaching out to credit unions and their volunteers in recognition of the event, which began Sunday and runs through Saturday. This year is the 43rd anniversary of National Volunteer Week, established to celebrate volunteerism and recognize its contributions to communities and economic growth. “In celebration of National Volunteer Week, I want to recognize the volunteers who are committed to the success of your credit union and your members,” Berger said in his message to credit union leaders. “They inspire by example so that others are motivated to serve and are the foundation of the credit union cooperative spirit.” To those who volunteer within the credit union industry, Berger said, “I wish to personally thank you for your invaluable service to your community as a volunteer at your credit union. Your contributions are essential to credit unions'...

Since we are always looking for that next great leader, or you would like to improve yourself, I thought I would share this Blog with you. by Nick Davis , Davis Associates Promoting from within is a great move for any business. On top of the fact that it is normally the most cost-effective option, it also results in motivated employees. When people know they can realistically advance within a company, they are more inclined to work harder and remain with the organization longer. Employees who know they have no scope for advancement are likely to look elsewhere for opportunities that will allow them to test their limits. With this in mind, leadership development should be a serious consideration for any modern business. Your company needs to be providing training and executive coaching for those individuals who will one day be leading your business. It all starts with identification, which can be difficult in and of itself. Great leaders are not always immediately identi...

Are your credit union’s board meetings as effective as they could be? The National Credit Union Administration today released its new video series , “Effective Board Meetings,” aimed at helping credit union directors make the best use of their meetings. This four-part series features different examples of well-run and poorly run board meetings. It also provides helpful tips on how to run constructive meetings and create an environment that engages a credit union’s board members.

Consumer inflation – the Federal Reserve's preferred inflation index – exceeded its 2 percent target for the first time in nearly five years, according to Commerce Department data. NAFCU Chief Economist and Director of Research Curt Long said credit unions should be preparing for the next quarter-point rate hike, possibly in June. "On paper, the Fed has achieved its goals of full employment and 2 percent inflation," Long said. "While there are some caveats – some slack surely remains in the labor market and core inflation remains below target – Fed officials appear eager to normalize rates. Credit unions should prepare for the next quarter-point rate hike as early as June, and for a total of two to three more increases this year." In February, the personal consumption expenditure price index surpassed the Fed's target for a 2 percent annual gain, according to data released Friday. The Wall Street Journal on Friday noted that this "is a healthy sign...

NCOFCU Annual Meeting & Conference Check out Charlotte, NC 2017 Annual Meeting and Conference. October 4-7, 2017 Charlotte, NC          “Great things happen when credit unions serving firefighters and first responders come together. Our Face-to-face interaction is the platform where collaboration begins, relationships are forged, and ideas are generated.” Registration is now OPEN CU Attendees Exhibitors/Sponsors Hotel Reservations