Firefighter Credit Union Newsroom

     NCOFCU 2018 Conference is filling up NCOFCU 2018 Conference Registration Early Bird ends 7/1/18 September 19-22, 2018 in Seattle, WA Online Registration          Mail-in Registration “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." The key aspects of this meeting will focus on the collaborative 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 gro...

Credit union lending is booming and the positive trend is expected to continue in 2018, according to the chief economist for CUNA Mutual Group. According to Steven Rick, who also is a director for the Madison, Wis.-based company, credit union loan balances rose 0.7 percent in January – an improvement over the 0.6 percent pace reported in January 2017, and an increase of 10.9 percent during the last 12 months.  2018 conference is in Seattle Registration is now OPEN Click HERE

By  Roy Urrico   |   March 23, 2018 at 10:30 AM CUTimes The events revealed so far in the emerging Facebook and Cambridge Analytica story, may not be a data “breach” but nevertheless, serve as a wakeup call to millions sharing personal information. Following reports that Cambridge Analytica, a data analysis firm reportedly used in the last presidential campaign, acquired and used Facebook data on some 50 million people without their consent. Facebook CEO Mark Zuckerberg acknowledged his company was partially to blame. “We have a responsibility to protect your data, and if we can’t then we don’t deserve to serve you,” Zuckerberg wrote in a Facebook post. He added, “It was also a breach of trust between Facebook and the people who share their data with us and expect us to protect it. We need to fix that.” Some compared the exposure to a data breach. San Diego-based The Identity Theft Resource Center, which chronicles data breaches, took the extraordinary step by resp...

Information received since the Federal Open Market Committee met in January indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains have been strong in recent months, and the unemployment rate has stayed low. Recent data suggest that growth rates of household spending and business fixed investment have moderated from their strong fourth-quarter readings. On a 12-month basis, both overall inflation and inflation for items other than food and energy have continued to run below 2 percent. Market-based measures of inflation compensation have increased in recent months but remain low; survey-based measures of longer-term inflation expectations are little changed, on balance. Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The economic outlook has strengthened in recent months. The Committee expects that, with further gradual adjustments in the stance ...

New Pricing on AdvisX's Most Popular Product: AML Validation Services AdvisX, AffirmX's sister company, is rolling out a new pricing structure for its most popular product: AML monitoring system validation services. The new fee is available for projects beginning in Q2 2018. The fee for an institution with moderate AML risks is now 30% lower than our 2016-2017 pricing structure. We have achieved this cost savings by implementing techniques that allow us to more efficiently complete the projects without diminishing the quality of personal service or the thoroughness for which AdvisX is known. What AdvisX Clients Are Saying "It was a very good experience and I’d like to use your services again in the future!”  Steven Nazaruk, Ocala Community Credit Union “From start to finish, we were pleased with the entire project which included data analysis, alert creation and review, including customizing data to be specific to our market area and financial institution. I would...

MyRiskInbox.com Your NCOFCU membership entitles you to one (1) license of “ MyRiskInbox.com ” . This is a $240 dollar value provided to you with your membership in NCOFCU. Your membership also entitles you to their NCOFCU member discounted pricing on all their compliance services. For more about their products and services  Click Her e Schedule a Live Demo See for yourself how the AffirmX Risk Intel Center can help your institution improve risk management and regulatory compliance effectiveness while reducing costs.  Schedule a demo Client Service/Project Coordinator To schedule, a demo contact  Heather Riley o:  888.972.3624, ext. 7014 e:  heather.riley@affirmx.com Check out our line up of excellent speakers in Seattle!

ALEXANDRIA, Va. (March 5, 2018) – Data on the financial performance of federally insured credit unions in the quarter ending Dec. 31, 2017, are now available from the National Credit Union Administration. Q4 2017 Credit Union System Performance Data The number of federally insured credit unions declined to 5,573 in the fourth quarter of 2017 from 5,785 in the fourth quarter of 2016. In the fourth quarter of 2017, there were 3,499 federal credit unions and 2,074 federally insured, state-chartered credit unions. The year-over-year decline is consistent with long-running industry consolidation trends. NCUA makes detailed credit union system performance data available on its Credit Union and Call Report Data webpage, including Call Report quarterly summaries and financial performance reports . The agency’s Industry Data page includes a Financial Trends in Federally Insured Credit Unions package illustrating industry trends. The NCUA has made changes to the quarterly data report to...

Now in its fifth year, this program identifies and recognizes the movement’s best employers. If you think your organization has what it takes to be honored — or if you simply want to know more about this project — we invite you to learn more by visiting our special website. The 2018 registration deadline is April 27. Click HERE   or  http://www.bestcreditunionstoworkfor.com  See you in Seattle  

What credit unions lacked in size they made up for in speed compared with community banks and savings institutions in 2017. Credit unions lending rose at a faster pace in most sectors than the small banks last year, according to data released this week by the FDIC and CUNA Mutual Group. CUNA Mutual’s monthly  trends report  showed credit unions held $984.8 billion in total loans at Dec. 31, up 10.7% from a year earlier and a growth rate more than twice as fast as community banks. Credit union assets rose 6.3% to $1.4 trillion due to a 6.3% increase in deposits, a 3% drop in borrowings and a 7.7% increase in capital. With loan balances growing faster than assets, the loan-to-asset ratio ended 2017 at 70.4%, up from 67.5% a year earlier. The fast loan growth also helped loan delinquency rates fall to 0.79% in December, down from 0.83% a year earlier, according to CUNA Mutual. The FDIC’s Quarterly Banking Profile showed loans at the nation’s 5,670 community banks ...

F&A Federal Credit Union President/Chief Executive Officer Apply Now Position Summary F&A Federal Credit Union is seeking a strategic executive to lead the credit union in the role of President/Chief Executive Officer. Collaborating with the Board of Directors, this executive will be responsible for achieving the overall goals and objectives included in the strategic plan, maintaining the credit union’s financial health and stability, and for ensuring conformance with all applicable State and Federal laws. The ideal candidate is an experienced executive who is well versed in strategic leadership, exhibits strong motivational skills, is a team builder, and can lead organizational change while building consensus. A Bachelor’s Degree and a minimum of ten years executive experience within the credit union field or retail banking industry is required. Read More   https://www.dhilton.com/jobs/fa-federal-credit-union/  F&A HISTORY F&A was chart...