Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Firefighter CUs form coalition
ST. LOUIS (10/31/08)--Several firefighter credit unions nationwide formed a coalition at a summit in Coconut Grove, Fla., Oct. 15-18, to bring innovation and a shared vision. More than 180 firefighter credit union officials, spouses, guests and vendors participated in the seventh annual conference for credit unions serving the firefighter community. The Coalition of Firefighter Credit Unions (CFCU), founded Oct. 16, comprises representatives from 26 of the nation’s 105 identified firefighter credit unions primarily representing firefighters. Grant Sheehan, CEO, Miami Firefighters FCU, was named chairman of the coalition. CFCU seeks to leverage collective resources to further the growth, development and interests of firefighter credit unions nationwide. It will:
* Represent firefighter credit unions to external audiences including regulatory agencies, legislative bodies, trade associations and other publics; * Provide educational and informational exchange opportunities; and * Promote firefighter credit unions’ safety, soundness and financial strength.
Also at the meeting:
* Rodney Hood, vice chairman of the National Credit Union Administration (NCUA), provided an overview of activities of NCUA. He expressed his concern for the survival of small credit unions and the challenges facing them. During a question and answer period he discussed NCUA examinations, the economy, corporate credit unions, legislation, regulations and more. * Economist Jim Hagerbaumer discussed the state of the economy. * Richard Wagner, a senior director with the Municipal CU in New York City, shared some of the challenges his credit union faced during the 9/11 disaster. The credit union’s headquarters was across from Ground Zero. * Fifteen million dollars was looted from the credit union in New York City by its own members--including city employees, health care professionals and education workers -- when a computer failure caused by the collapse of the World Trade Center allowed unlimited access to money in ATMs. * The credit union lost 129 firefighter members on Sept. 11, 2001.


RSS





print
News Now LiveWire
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
7 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
8 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
10 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
12 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
12 hours ago