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.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Firefighters First Credit Union and Firehouse Financial are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Firehouse Financial, and may also be employees of Firefighters First Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Firefighters First Credit Union or Firehouse Financial. Securities and insurance offered through LPL or its affiliates are:
Your Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.