Skip to main content

The National Council of Firefighter Credit Unions Inc. (NCOFCU) Closes its 20th Annual Meeting and Conference

Fort Worth, TX October 2, 2021 - Credit Unions serving first responders from across the country met in Fort Worth, TX on September 29 - October 2 to discuss issues facing their credit unions. This was NCOFCU's 20th annual meeting for credit unions serving the firefighter and the first responder community. 

NCOFCU CEO, Grant Sheehan, said: "The conference was very well attended by credit unions from across the country." Sheehan added, "This is not your run-of-the-mill conference. It's unique, as all attendees have a common bond in serving their select group of members– firefighters and first responders."

Key topics discussed included the national economic outlook, mobile banking, business lending, legislation, NCUA regulatory update, executive succession planning, salary setting methodologies, new technology coming at CUs, case study marketing programs, implementing social media programs, and both business and personal cybersecurity.

Speakers included Rodney Hood, NCUA Director; Kurt Long, NAFCU; Michael Petrone, CUNA Mutual Group; Michael Moebs, CEO Moebs Services; Randy Thompson, TCT Solutions; Marsha Earl, NetEx Consulting; Brendan McDonough, McDonough Consulting; DeeDee Myers, DDJ Myers Ltd; Eric Isham, CEO Omnicommander; Jim Davis, Fort Worth Fire Chief; Michael McCormick, NCOFCU Board Chairman; Tim Green, CEO F&A Credit Union; Donya Johnson, CEO Nashville Firefighter CU; Bonnie Sensing, Treasurer Nashville Firefighters CU.

The 2022 NCOFCU conference will be in New Orleans, LA, at the Royal Sonesta October 5-8, 2022.

The council meets once a year at the NCOFCU Credit Union Conference and continues their established relationships through NCOFCU's Website www.ncofcu.org, Blog, Newsletters, Facebook, Tweets, and Listserv. This exclusive networking leads to the continued discussions of best business practices, products, and services that cannot be found anywhere else.

NCOFCU is the only organization exclusively representing credit unions serving first responders that collectively serve over 950,000 members and control more than 20 billion in assets. The council's purpose is to protect and preserve the vision and purpose of credit unions serving first responders. In addition, NCOFCU seeks to leverage its collective resources to further first responder credit unions' growth, development, and interests by providing educational and informational exchange opportunities, promoting safety and financial soundness.

A volunteer board of directors directs the council. Members of the board include; Chairman: Michael McCormick, V. Chairman San Diego Firefighters FCU; 1st V. Chairman: Bonnie Sensing Treasure Nashville Firefighters CU; 2nd V. Chairman: David Lantrip Director Houston Firefighters FCU; Treasurer: Gene Benick Newark Firefighters FCU; Secretary: Brian Kurzel Director Charlotte Fire Dept. CU; Directors: Linda Williams CEO Akron Fire & Police CU; Michael Tobler Chairman NY Firefighters Bravest FCU; Andy Doyle Director F&A CU; John Cowin Chairman Syracuse Firefighters CU; Associate Directors: Sean Costello Director Boston Firefighters CU; Ronald Jackson Treasurer Firefighter First FCU; Al Comeaux Chairman Baton Rouge CU; Staff: Grant Sheehan CEO

About the National Council of Firefighter Credit Unions Inc.

The National Council of Firefighter's Credit Unions (NCOFCU) was founded in the State of Florida on February 22, 2010, by representatives of the nation's firefighter credit unions. Information is available from the Councils' website at https://ncofcu.org or by contacting Grant Sheehan at 305-755-3302, ceo@ncofcu.org.

 

Comments

Post a Comment

Please no profanity or political comments.

Popular posts from this blog

The FRB Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent.

  Recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty around the economic outlook has increased. The Committee is attentive to the risks to both sides of its dual mandate. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. Beginning in April, the Committee will slow the...
Post a Comment
Read Complete Article HERE>»

Caught in Dot Partners with Boston Firefighters Credit Union

2 min read By  Maureen Dahill Published On: March 13th, 2025 Categories:  News 0 Comments on Caught in Dot Partners with Boston Firefighters Credit Union Big news, Dorchester!  Caught in Dot  is proud to announce our partnership with  Boston Firefighters Credit Union (BFCU) —a true neighborhood institution that’s been serving our local heroes since 1948. As a woman-owned business, we’re thrilled to team up with a community partner who shares our values of supporting and uplifting the people who make Boston great. BFCU was founded by Boston firefighters with one mission in mind:  “People Helping People.”  What started as a way to assist firefighters struggling financially has grown into a full-service financial institution serving  nearly 12,000 members —but their dedication to first responders and their families has never wavered. Over the years, membership has expanded beyond firefighters to include all Massachusetts first responders, including p...
Post a Comment
Read Complete Article HERE>»

Trump Administration Spurs Credit Unions' Return To Cryptocurrency

  03/06/2025 06:11 pm Share         By Ray Birch DALLAS—The Trump Administration is bringing more credit unions back to offering cryptocurrency, says Bank Social, which offers advice to CUs considering stepping into this space. The return to offering the service by more credit unions follows a sharp decline in cooperatives offering crypto services to members following the collapse of FTX in late 2022 and the sudden departure of NYDIG within the CU industry not long afterward. Becky Reed, COO of crypto platform Bank Social, said the two primary reasons credit unions are coming back is the Trump Administration’s pro-crypto agenda and its emphasis on deregulation. “The last six months we have seen interest begin to gain ground in digital assets—not just for investing but for payments, fractional lending and more,” said Reed. GlobalData banking analyst Harry Swain said FIs could face fewer crypto regulatory hurdles under the Trump Administration. “As you'll, recall ...
Post a Comment
Read Complete Article HERE>»

The Pros and Cons of Tariffs

Since there has been so much discussion on Tariffs, I felt a post would benefit our membership. Grant Sheehan CEO NCOFCU Tariffs 1440 Business & Finance Background A tariff—a word derived from the Arabic arafa, meaning “to make known”— is a tax imposed by a government on goods that are imported or exported . Historically, tariffs have served as a primary source of revenue and a means to protect domestic industries, as they make foreign products more expensive, encouraging consumers to purchase locally produced goods. The tools have a checkered history, famously bolstering US textiles, German steel, Japanese cars, South Korean technology, and more, arguably contributing to major economic downturns like the Great Depression. Tariffs can be specific (a fixed fee per unit) or ad valorem (a percentage of the item's value). Purpose Economically, tariffs aim to protect domestic industries, generate government revenue, and influence trade policy. By imposing taxes on imported goods —wh...
Post a Comment
Read Complete Article HERE>»

Buy Now, Pay Later Keeps Gaining Ground: New Study Shows Growth Surge

03/10/2025 06:31 pm Share         TROY, Mich.— A new study reveals the appeal of buy now, pay later is not waning, as the service saw significant growth last year. The J.D. Power 2025 U.S. Buy Now Pay Later Satisfaction Study shows BNPL enjoyed continued, significant growth in the number of consumers using the product year over year, with the highest usage among consumers from Generations Y and Z, and the highest growth period during the holidays. “The BNPL segment has undoubtedly grown in popularity, with more customers using these services than ever before,” said Sean Gelles, senior director of banking and payments at J.D. Power. “That’s been especially true around seasonal periods of higher spending, such as the holidays. Card-based BNPL products continue to lead the charge on satisfaction, as issuers are leveraging their existing brand awareness and equity to retain would-be defectors.” Following are some of the key findings of the 2025 study: Gene...
Post a Comment
Read Complete Article HERE>»