LOS ANGELES, CALIFORNIA – At Firefighters First Credit Union our members are owners and we hold true to our over 80 year legacy of firefighters helping firefighters. That is why we return our profits directly back to our members in the form of our Annual Profit Sharing. With this year’s over $1.5 Million payout, it brings the total amount we have paid back to our members to over $44 Million since 1981.
“It is rare to find an organization today
that shares any percentage of their profits. However, as a cooperative, this is
part of our foundation. While many credit unions have stopped sharing their
profits, we feel strongly about giving back to our members and to helping
improve the financial lives of our Fire Family. At the discretion of our
Board of Directors, we feel it is an important part of our tradition and our
members agree. The payouts vary based on member relationships – if you have a
mortgage and a money market with us, your payout will be much higher than if
you just had an auto loan.” explained Dixie Abramian, Firefighters First CU
President/CEO.
We also reward members that have additional
services with us through investment accounts, insurance policies, and business
loans. Deeper member engagement is an important growth strategy for us and we
want to thank them for their business. We continue to focus on member loyalty
by delivering exceptional products and services, and personable service. We know
our members and go we the extra mile to exceed their expectations.
Delivering the products and services our
members need and want has helped us grow our member ranks. With our new Federal
charter and the expansion into Arizona, Nevada and New Mexico, we have been
able to fulfill the financial needs to even more of the Fire Family. We have
been able to grow in strength, agility and reach. With each new fire department
and new family member contributing to the success of the Credit Union, the
rewards grow for the entire membership.
Payouts represent a rebate on the interest
paid on loan accounts and a bonus on the earnings on savings accounts.
Payouts vary on individual financial relationships and were posted to member
accounts on December 31, 2017; proving one thing – the more members bring to
Firefighters First Credit Union, the more they receive in return!
Our commitment to
our members remains as strong as ever. We continue to focus on delivering
legendary service to each member and to try and exceed their expectations with
every interaction. We are proud to share our success with them and we couldn't
do it without the trust, loyalty and support of our members.
For more information, please visit www.firefightersfirstcu.org/payout.
About us
Firefighters First Credit Union was formed in
1935 as Los Angeles Firemen’s Credit Union and serves fulltime, paid
firefighters nationwide and their families. In 2014 we changed our name to
Firefighters First Credit Union to better reflect our member base and in 2017
we received our Federal charter and expanded in Arizona, Nevada and New Mexico.
Firefighters First currently has assets of over $1.2 Billion, over 41,000
members and we are in over 445 fire departments nationwide.
Comments
Post a Comment
Please no profanity or political comments.