Skip to main content

NCOFCU - CHAMPION FOR THE FIRST RESPONDER CREDIT UNION MOVEMENT


www.NCOFCU.org
NCOFCU - CHAMPION FOR THE

FIRST RESPONDER CREDIT UNION MOVEMENT

Support Our Advocacy Efforts to Protect the Credit Union Tax Exemption

NCOFCU Letter to the "Ways and Means Committee"

Dear NCOFCU Members,

As we continue our mission to support credit unions serving first responders, I want to reach out to you regarding an important issue that affects our entire movement: the preservation of the credit union tax exemption.

The credit union tax exemption is crucial for ensuring that we can provide affordable services to our members and maintain our unique cooperative structure. This exemption allows us to operate in a manner that prioritizes service over profit, enabling us to give back to our communities in meaningful ways. However, there are challenges on the horizon that threaten this vital exemption.

We urge you to lend your voice to our advocacy efforts aimed at protecting this important benefit. Here are a few ways you can help:

  • Contact Your Legislators:** Reach out to your local representatives and express your support for maintaining the credit union tax exemption. Share how your credit union has positively impacted the community and the importance of this exemption in your operations.
  • Use NCOFCU Resources:** We are providing templates and resources to assist you in your communications with lawmakers. You can access these materials on our website at [insert website link].
  • Spread the Word:** Engage your staff and volunteers in this effort. The more voices we have advocating for this cause, the stronger our message will be.
  • Stay Informed:** Keep an eye on updates from the NCOFCU regarding this issue. We will share information about pivotal moments in the legislative process that require your immediate action.

Your participation is key to our advocacy efforts, and together, we can ensure the credit union tax exemption remains intact. Thank you for your ongoing support and commitment to the values our credit unions uphold.

If you have any questions or would like more information, please do not hesitate to reach out.

Best regards,
Grant Sheehan, CCUE
CEO, National Council of Firefighter Credit Unions (NCOFCU) 
ceo@ncofcu.org
305.951.3306

Comments

Popular posts from this blog

Update: First Responder Credit Unions Academy (FRCUA) Udates

In an ongoing effort to keep your FRCUA education current, modules are continually updated to reflect current NCUA and other regulatory agency requirements. As an example, BSA 26 now includes  Artificial Intelligence and BSA,  Elder Financial Exploitation,  Pig Butchering & BSA, and Executive Order –  Free and Fair Banking.

Mortgage Rates Tick Down

MCLEAN, Va.--Mortgage rates moved slightly lower this week, with the 30-year fixed-rate mortgage averaging 6.56%, Freddie Mac reported. “Mortgage rates are at a 10-month low,” said Sam Khater, Freddie Mac’s chief economist. “Purchase demand continues to rise on the back of lower rates and solid economic growth. Though many potential homebuyers still face affordability challenges, consistently lower rates may provide them with the impetus to enter the market.” The 30-year FRM averaged 6.56% as of Aug. 28, down from last week when it averaged 6.58%. A year ago at this time, the 30-year FRM averaged 6.35%. The 15-year FRM averaged 5.69%, unchanged from last week. A year ago at this time, the 15-year FRM averaged 5.51%, Freddie Mac said. ____________________________________________ Check out NCOFCU's additional features: First Responder Credit Union Academy Podcasts YouTube Mini's Blog Job Board

SIGN UP FOR YOUR CUSTOM HEALTH INSURANCE SOLUTION TODAY

 https://bizu65.allstatehealth.com/?password=demo ____________________________________________ Check out NCOFCU's additional features: First Responder Credit Union Academy Podcasts YouTube Mini's Blog Job Board

Wendelville Fire Chief Andrew Pilecki re-elected to FASNY board

Andrew Pilecki, the current fire chief of Wendelville Volunteer Fire Company, has been re-elected to the board of directors of the Firefighters Association of the State of New York. Pilecki has been a member of the fire service for more than four decades, including the past 22 years as a responder with the Wendelville company. Previously he was an active member of Columbia Hook and Ladder Co. He’s also a former assistant director of emergency management for the City of North Tonawanda. FASNY directors serve five-year terms of office. During his first term, Pilecki was instrumental in supporting the association’s pandemic response, championed fire company recruitment and retention efforts, and worked to amplify the needs of Western New York’s volunteer fire service at the state level, according to FASNY. “I’m honored to be re-elected and to continue advocating for the men and women who volunteer their time, risk their safety and serve their communities across the state,” Pilecki said. “...

Many CUs Likely to Face New Operating Challenges "Michael Moebs"

04/08/2024 09:04 pm By Ray Birch LAKE FOREST, Ill.—The trend lines don’t lie: Financial institutions charging high overdraft fees will likely face operating challenges in the near future and may even be forced to merge if they don’t follow the market trend of lowering their OD charge. Michael Moebs, economist and chairman of Moebs $ervices, is offering that forecast following his company’s new overdraft study, which has found overall net OD revenue for 2023 was down 5.7%, with banks dipping by 8.1% to $31.4 billion, thrifts falling by 28.6%. and credit unions actually increasing net revenue 2.2%. The study further reveals the m...