Michael Monds New Chief of Syracuse Fire Department

Mayor-Elect Ben Walsh is wasting no time as he prepares to assume the role as Syracuse’s 54th mayor. He continues to act on his promise to select a staff that reflects the diversity of Syracuse, on Saturday, December 16, Walsh announced the appointment of Michael J. Monds as the new Chief of the Syracuse Fire Department. Monds is a 17-year veteran of the department and currently serves as a lieutenant at Station 10 on East Genesee Street. He will replace Chief Paul Linnertz, who is retiring.

“Michael Monds has earned the respect of the men and women of the Syracuse Fire Department, who are on the front lines protecting the people of our city,” Walsh said. “He grew up on the southside and has remained deeply involved in his community. I have every confidence that he brings the experience and dedication necessary to lead our Fire Department and serve the people of this city with honor.”

Lt. Monds started as a firefighter at Station 9 on the city’s northeast side and also served at Station 6 in downtown. He was promoted to Lieutenant in 2011 and served at Station 18 on Midland and Seneca Turnpike. He also served in the Training Division and as a member of departmental committees formed to promote recruitment and to resolve human resource issues.

This year Lt. Monds created a Junior Fire Cadet Mentoring Program at Dr. King Elementary School to teach students awareness about fire services and community service to promote careers in public safety.

He is on the board of Syracuse Fire Department Federal Credit Union and is a member of Firefighters of Color United in Syracuse. Lt. Monds is the recipient of several awards including:

Individual citation from the department for life-saving actions at 318 Bruce St. on Jan. 14, 2016.

Level One EMS Award from the department for life-saving actions on Jefferson St. on July 1, 2009.

Hamilton White Brotherhood award [presented to the individual who most advances the brotherhood of firefighters by his or her unselfish devotion to the cause] from the Syracuse Fire Department Federal Credit Union.

The new chief was born and raised in Syracuse. He graduated from Nottingham High School in 1993. Steven Evans, a 20-year veteran of the department, will serve as the First Deputy Fire Chief. He’s served as the District Chief of the department since 2010.

Comments

NCUA Board Approves 11 Final Rules for Deregulation Project

Alexandria, VA (August 5, 2026) ― The National Credit Union Administration (NCUA) today finalized eleven rules that were proposed for changes through the Deregulation Project. This is the first round of final rules from the ongoing Deregulation Project which is an initiative to review NCUA’s regulations and ensure they are focused on credit unions’ safety, soundness, and resilience. The final rules include: This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Surety and Guarantor Requirements – 12 CFR 701.20(c)(3) and 701.20(d) (Opens new window) This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Limits on Loan to Other Credit Unions – 12 CFR 701.25(b) (Opens new window) This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Service to Underserved Areas – IRPS 08-2 (Opens new window) This is...

Read Complete Article HERE>»

Making the Most of the Final Five Years Before Retirement

NATIONAL COUNCIL OF FIRST RESPONDER CREDIT UNIONS RETIREMENT READINESS Making the Most of the Final Five Years Before Retirement A practical planning guide for first responders, credit union volunteers, employees, and their families Five years before retirement is an important checkpoint. It is the time to confirm what you have saved, understand the income you can expect, and decide whether your retirement plans match the life you want to lead. 1. Review Your Retirement Savings Start by taking a fresh look at your retirement accounts, personal savings, investments, and other assets. A retirement calculator can help estimate whether you are on track and show how additional saving during the next five years may strengthen your plan. 2. Identify Every Source of Retirement Income List the income you may receive in retirement, including pensions, Social Security, retirement-plan withdrawals, invest...

Read Complete Article HERE>»

Senate, 51-47, has confirmed John Crews to the NCUA board

WASHINGTON—The U.S. Senate, 51-47, has confirmed John Crews to the NCUA board, clearing the way for him to succeed Kyle Hauptman and return the agency to a single-member board following the Trump Administration's removal of Democratic board members Todd Harper and Tanya Otsuka earlier this year. Maintaining the foundational stability of the credit union system Supporting efficient, risk-based regulation that accounts for institutional size and operational differences Preparing for technological advancement while safeguarding member assets Encouraging the growth of new credit unions to serve underbanked and military communities Preserving an open, accessible, and collaborative dialogue between the NCUA and the credit union movement Crews, who most recently served in the Treasury Department, has said his priorities include reducing regulatory burden for smaller credit unions, encouraging innovation and supporting the chartering of new credit unions, while maintaining the safety and s...

Read Complete Article HERE>»

What’s Ahead for U.S. Economy? Here’s What One Former Fed Chair is Saying

WASHINGTON–Former Federal Reserve Chairman Ben Bernanke, who headed the central bank during the 2008 financial crisis, is now warning that the United States is headed for a situation similar to that of the 1970s, when Americans were losing their jobs but still facing higher prices at the grocery store and at the pump. Ben Bernanke “Even under the benign scenario, we should have a slowing economy,” Bernanke told the New York Times in an interview in conjunction with his new book, “ 21st Century Monetary Policy: The Federal Reserve From the Great Inflation to Covid-19 ,” which is scheduled to publish today. “So, there should be a period in the next year...

Read Complete Article HERE>»

Fed Governors Signal Smaller Rate Increases Coming

WASHINGTON–There is a growing chorus among Federal Reserve governors that the central bank will be slowing it pace of rate increases when the Federal Open Markets Committee meets next on Feb. 1. Christopher Waller Among those who have signaled the days of 50 - and 75-basis point increases are over is Federal Reserve Governor Christopher Waller, who said he believes it’s time to slow the pace of increases—but not eliminate them. If the forecast proves true, it will mark the end of the rapid increases that took place during 2022 as the Fed sought to tamp down high inflation. Central bankers are now “entering a new phase that is focused more on how high-inter...

Read Complete Article HERE>»

Credit union specialist Tim Harrington to Keynote NCOFCU’s 2015 Annual Conference in Nashville

Credit union expert Tim Harrington will keynote the National Coalition of Firefighters Credit Unions Inc. (NCOFCU) 2015 Annual Conference. He will also address Financial Literacy at the volunteers only session Thursday afternoon, which will help attendees build the skills and knowledge they need to strengthen their credit unions’ bottom lines. The conference will be held October 7-10, 2015 at the Renaissance Hotel and Convention Center in Nashville, TN. “Tim Harrington is a dynamic speaker whose knowledge and expertise in this industry will help attendees lead their credit unions to new heights,” “With the continuing challenges facing credit unions, it is imperative that board and supervisory committee members have the specific competencies this conference offers so they can help ensure their institutions’ safe, sound operation and competitive standing in the consumer financial services market.” Author, consultant and speaker Tim Harrington has worked with credit unions in 48 state...

Read Complete Article HERE>»

NCUA"s new video module provides best practices for merging

The three-part video module provided by NCUA, available online here , examines current trends in mergers, when a credit union board should consider a merger and how to negotiate a merger agreement that best serves the credit union’s interests. Every credit union should discuss the possibilities of a future merger in their strategic planning.

Read Complete Article HERE>»

Credit Union Auto Loans Take a Slight Dip, Catalyst Strategist Says

Credit union vehicle loans outstanding have dropped 2.2% so far in 2012 but lending activity is still higher than it was a year ago..... Credit Union Auto Loans Take a Slight Dip, Catalyst Strategist Says :

Read Complete Article HERE>»

Why Inflation Has Been Falling…

Why Inflation Has Been Falling… January 13, 2023 1:32pm by Barry Ritholtz It may surprise you to learn that during this cycle of falling inflation, there seems to be little correlation with rising Fed Rates. This is very counter-intuitive but it makes sense when you consider what an aberrational and unusual cycle this has been. Despite zero rates for a decade plus, inflation was quite benign. It was only the combination of the global pandemic and lockdown, a massive fiscal stimulus, and a surge in demand for goods that launched the 2020-22 inflation spike. It is fair to ask: If low rates were not the driver of inflation, should we expect that higher rates will rein it in ? It’s natural to see a correlation between when the Fed began raising rates in March 2022, and inflation peaking soon after. But the relationship does not hold up well...

Read Complete Article HERE>»

NCUA Webinar on Changes to Military Lending Act Regulations

Webinar on Changes to Military Lending Act Regulations Learn More about Enhanced Protections for Service Members and Their Families ALEXANDRIA, Va. (June 2, 2016) – The National Credit Union Administration will host a webinar, “Preparing to Comply with Regulatory Changes to the Military Lending Act,” on Wednesday, June 29, starting at 2 p.m. Eastern. During this webinar, staff from NCUA’s Office of Consumer Protection will provide a high-level overview of the significant changes to the regulation implementing the Military Lending Act, most of which go into effect by Oct. 3. The law now covers most non-mortgage-related consumer credit extended to active duty service members and certain dependents. View the entire press release here

Read Complete Article HERE>»

First-responder Credit Union Newsroom

Search This Blog