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Showing posts from June, 2018

Long Beach firefighter killed, 1 wounded in shooting at senior care facility

A shooting at a downtown Long Beach senior living facility left one firefighter dead and a second wounded, authorities said Monday. Fire Capt. Dave Rosa, 45, was fatally shot while investigating reports of an explosion and smell of gasoline inside the Covenant Manor senior care facility about 4 a.m., said Long Beach Fire Chief Mike Duree. Rosa and another firefighter were shot while inside the 11-story high-rise helping to trace what had triggered the building’s sprinkler system and forced residents to shelter in place, Heflin said. The firefighters were near the unit where the blast occurred when shots rang out and Rosa and the second firefighter were hit, officials said. Both were taken to trauma centers. The second firefighter is 35 years old and in stable condition, Duree said. A suspect in the shooting, possibly a resident of the building, has been taken into custody, said Long Beach police Sgt. Brad Johnson. A third person, a civilian, was also shot and i...

Fed raises the target benchmark rate to a range of 1.75 to 2 percent

Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Recent data suggest that growth of household spending has picked up, while business fixed investment has continued to grow strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy have moved close to 2 percent. Indicators 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 Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Com...

ADA Uncertainty Continues

WASHINGTON —Due to the uncertainty that continues to surround how the Americans with Disabilities Act applies to websites and online access, credit unions continue to be hit with lawsuits alleging violations. As a result, CUNA reported it has just filed two briefs in Ohio and Texas related to such litigation with the trade group saying finding a solution remains a top priority. “This kind of advocacy is only part of our 360-degree approach to finding a permanent solution for credit unions facing these predatory lawsuits,” said CUNA President/CEO Jim Nussle. “As we work with Congress and the Department of Justice, filing briefs with our state leagues will help make an impact in the legal arena.” CUNA filed a brief with the Ohio Credit Union League in the Southern District of Ohio in  Mitchell v. BMI FCU , and with the Cornerstone Credit Union League in the Southern District of Texas in  Thurston v. KBR Heritage FCU . CUNA has joined with leagues to file brief...

Time is running out! Early Bird Ends 7/31/2018

      NCOFCU 2018 Conference is filling up NCOFCU 2018 Conference  Registration Early Bird ends 7/31/18 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 growing your products to being ready for the next wave of change What you really need to k...