Thank You

Happy holidays from Firefighters First Credit Union! This season, we reflect on what truly matters, our mission to improve the financial lives of our Fire Family.

Every day, we're inspired by the courage and dedication of firefighters and their families, and we're honored to support you in achieving your financial goals. In 2024, we're proud to give back over $2.5 million dollars through our profit sharing program. It's our way of saying thank you for being such an important part of our credit union.

Happy holidays from our Fire Family to yours.

 

Frequently Asked Questions

When will my Annual Profit Sharing distribution be deposited?
Your Annual Profit Sharing and additional products payout will be deposited by December 31, 2024.

Where will my Annual Profit Sharing distribution be deposited?
Your Annual Profit Sharing payout will be deposited into your Firefighters First checking account. If you do not have a checking account, it will be deposited into your share account. IRA payouts will be posted to the IRA account unless that IRA account is closed, then the payout will be posted into the checking account. If there is no checking account, the payout will be deposited into the share account.

   

* Exclusion from the year-end Annual Profit-Sharing program may occur at the discretion of the Credit Union for accounts with any loan in default of the original agreement. Profit Sharing will not be paid to any member who had a delinquency condition of 59 days or more on any loan during the period of January 1, 2024, through November 30, 2024, regardless of the current status of the account. Payouts will not be made to any member with a Firefighters First mortgage whose property taxes are more than one-year delinquent, who had more than one extension agreement on a loan, or who has a mortgage loan that was modified as part of a workout loan or troubled debt restructure. Payouts will not be made to any closed primary share accounts. Accounts with a primary member who has been deceased for more than one calendar year, and accounts owned by a non-member are excluded from the profit-sharing program. Members who have experienced a prior charged off account are excluded from the profit-sharing program, except in the instances where the member has fully repaid the charged off amount. Once a member has fully repaid the charged off amount, they become eligible for profit-sharing program payouts.

Not included in the Profit-Sharing program are the following share and loan types: Share draft (personal or business), Holiday Helper, 4-month Freedom IRA certificates, any business loans, share or certificate secured loans, Senior Equity Access real estate loans, Retirement or Fire Station loans, Credit Builder loans, and Emergency loans. Other exclusions may apply. All payouts, except IRA, will be posted to the checking account, and if no checking account, to the share account. IRA payouts are posted to the IRA account unless the account is closed, then the payout will be posted to the checking account, and if no checking account, to the share account.

Members who have used the below services are eligible for one $35 payout for each service. Only one payout per household is permitted for each of these services:

  • Members that filed their taxes through Firefighters First Tax Services between January 1, 2024, to November 30, 2024
  • Firehouse Financial clients with a $1,000 minimum balance, who had an account as of November 30, 2024
  • Trust Services clients that have designated the Credit Union as the Successor Trustee and/or Executor in their estate planning documents as of November 30, 2024
  • Members with an insurance policy through Firefighter Insurance Services as of November 30, 2024
  • Members with a Business Services account as of November 30, 2024
  • Members with Secondary Market Mortgage Loan services as of November 30, 2024

Payout for additional services is posted to the Primary member’s checking account, and if no checking account, to the share account.

Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC), and SEC Registered Investment Advisor. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

Products offered through CFS/Firehouse Financial: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Trust services are provided by Members Trust Company, a federal thrift regulated by the Office of the Comptroller of the Currency, Trust and investment products are not deposits of or guaranteed by the trust company, a credit union or credit union affiliate, are not insured or guaranteed by the NCUA, FDIC, or any other governmental agency, and are subject to investment risks, including possible loss of the principal amount invested.

Firefighters First Federal Credit Union is not responsible for any member tax implications as a result of this Profit-Sharing program. By acceptance of any payouts related to this Profit-Sharing program, members agree to be responsible for consulting a tax advisor related to any personal tax implications of the payout.