Latest News

Keeping you updated on what’s happening at SF Fire Credit Union.

Latest News & Firefighter's Corner

St. Patrick's Day Parade Local 798 Marching Unit

166th Annual St. Patrick’s Day Parade

parade-details

Bay View Boat Club
489 Terry Francois Blvd
San Francisco, CA

Saturday, March 11, 2017
8:00AM to 12:00PM

Parking: 50 spaces available at Boat Club (Additional parking on street)

Upcoming Changes to Fees and Contact Center Hours

Changes to Fees

We reviewed our fee schedule to ensure that our services are appropriately priced, while at the same time providing enough revenue to cover our operating expenses. Just a handful of fees will be changing on March 1st, with the most notable related to ATM usage. The number of monthly ATM rebates will be reduced from twelve to six. We’ll also be limiting members to six free ‘out-of-network’ transactions per month, with a fee on each transaction performed thereafter. We expect these changes to ATM fees to impact less than five percent of our membership, and with over 30,000 surcharge-free, ‘in-network’ ATMs in the Credit Union CO-OP Network and easy-to-use ATM locator tools available, we’re confident members will continue to have easy access to cash at minimal or no cost.

New Contact Center Hours

To better align demand (volume of calls) with the work-life balance of employees, we are reducing our Contact Center hours (effective February 1st). The Contact Center will be available Monday – Saturday from 7AM to 8PM (Pacific), and closed Sundays and major holidays. As with our current ‘After Hours’ phone services, members will continue to have the ability to perform account transactions and inquires with our trusted partner, Shared Branching, when we are closed.

ACH Direct Deposit Changes

As a benefit to our members, we often process direct deposit funds into their accounts one day earlier than the scheduled posting date, prior to us receiving the funds from the sender. However, the National Automated Clearing House Association (NACHA) has changed the rules, as of September 23, 2017, to include additional Same Day Settlement options.

Due to these changes, payrolls, financial institutions, and agencies may elect to send their files within a different time frame than they have done traditionally. This could impact the date SF Fire Credit Union receives direct deposit files, which potentially impacts the ability to post funds early. While we may no longer be able to credit direct deposits early, your funds will still post by the pay date listed on your check.

We apologize for any inconvenience this may cause.

FREQUENTLY ASKED QUESTIONS ABOUT ACH DIRECT DEPOSIT

Q: What is ACH?
A: ACH (Automated Clearing House) is an electronic network for financial transactions in the United States.
ACH transactions include direct deposit, payroll and merchant payments.

Q: What is NACHA?
A: NACHA (National Automatic Clearing House Association) is a not-for-profit trade association that manages the
development, administration, and governs the operating rules and business practices for the nationwide network
of ACH transactions.

Q: Why has NACHA implemented this new rule?
A: This rule enables ACH originators the ability to move ACH payments faster. This includes same day processing
of ACH transactions in the future.

Q: Why is SF Fire Credit Union making this change?
A: With the adoption of the NACHA Rule, we may not receive direct deposit files early to post them.

Q: Does this apply to all banks or credit unions?
A: Yes. All financial institutions must comply with the new ACH rules.

Q: When will this take effect?
A: This change takes effect September 23, 2017.

Q: Does this change affect deposits and withdrawals?
A: At this time this change only impacts ACH deposits.

Q: How may this impact the posting of my payroll direct deposit?
A. Your payroll direct deposit may not be received to post to your account until your actual pay date.

Q: What will happen if I have automatic withdrawals scheduled around receiving my deposit early?
A: You will need to modify your automatic payments based on your expected direct deposit dates determined by
your employer or depositing agency.

Q. Will this change impact my Social Security deposit?
A. Your Social Security direct deposit may not be received until your actual pay date to post to your account.

Q. Will this change impact my City of San Francisco payroll deposit?
A. Your City of San Francisco payroll direct deposit may not be received until your actual pay date to post to your account.

New Fireboat Marks Loma Prieta Anniversary

San Francisco celebrated the 27th anniversary of the Loma Prieta earthquake Monday by commissioning an $11.5 million insurance policy — a brand-new fireboat.
The boat, which is 88 feet long, can pump 18,000 gallons of bay water per minute. It is essentially a floating fire hydrant and a regional asset that can fight blazes anywhere on the shores of San Francisco Bay.

The new boat, painted red and white, will be the city’s third fireboat. It was named St. Francis and christened with the traditional bottle of Champagne by Sen. Dianne Feinstein, D-Calif., who helped get $8 million in federal grants, the majority of the cost.

The boat was the star of a ceremony held in bright sunshine at the ferry dock at McCovey Cove just outside AT&T Park. After speeches and assorted dignitaries got a quick tour, the St. Francis was moved out on the bay and pumped water high in the air, like geysers, as the crowd applauded and the Riordan High School band played.

Nico Rivera, 8, who is a third-grade student at SS Peter and Paul’s School in North Beach, came up with the boat’s name. A jury picked “St. Francis” from among 300 entries submitted by San Francisco schoolchildren. Nico was on hand Monday to recite a poem about fireboats and to help Feinstein christen the vessel.

“This is the most beautiful boat I was ever on,” said Joel Delizonna, the senior of the three pilots assigned to the city’s fireboats. The St. Francis is based at Fire Station 35 on the Embarcadero with the city’s other two fireboats, the 1954 vintage Phoenix and the even older fireboat, Guardian. The station also houses an engine company of four firefighters, and three fireboat personnel.

To read full article, click here.

24th Annual Old-Timers' Night Dinner

The 2016 Phoenix Society of San Francisco invites you to join us at our 24th Annual Old-Timers’ Night Dinner

Honoring Retired S.F.F.D. Veterans:
Lt. Early Davis – E23, T5, Lt. BFP, E5-T5 (Swing), E40, DOT
Lt. Bill Moe – FF Old E16, E28, T13, T2, Lt. Fireboat, E41, E25, T17, BFI
FF Bob Moore – FF T5, T3, T1, R1, Airport Rescue 1
FF Dan O’Donnell – FF E1, Rescue 1

Wednesday, November 2, 2016
Spanish Cultural Center- Patio Español
2850 Alemany Blvd. at Farragut Ave., San Francisco

Workshop: Financial Planning

Financial Planning Workshop

Most Americans will complete their education without ever taking a class on the topic of financial planning. Instead, we get our education from the School of Hard Knocks! SF Fire Credit Union and CUSO Financial Services, L.P. (CSF)* are here to help. We’re hosting a workshop designed to answer your questions. We will discuss goal setting, budgeting, planning for emergencies, credit, investing, retirement planning and more.

Wednesday, October 19th at 6:15 p.m.
Stonestown Branch
565 Buckingham Way, San Francisco, CA
Register with Kevin Rucker
(415) 674-4874 | krucker.cfsinvest@sffirecu.org

We look forward to seeing you soon.

Protecting Members from Elder Financial Abuse

Rules and Regulations

In the “Rules and Regulations” series, we’re hoping to inform members of the regulatory reporting that we’re required to follow in order to comply with banking regulations. In this article, we’re addressing elder financial abuse.

What is Elder abuse?

Elder abuse in the credit union world refers to the financial abuse of an elder (any person residing in California who is 65 years of age or older) or dependent adult (anyone between the ages of 18 and 64 who has physical or mental limitations that restrict their ability to carry out normal activities or to protect their rights). Financial abuse is generally the taking of real or personal property for wrongful use, or assisting in doing so.
Unfortunately, the perpetrators most often include family members, specifically spouses, children or grandchildren. Other perpetrators may include individuals who seek out vulnerable seniors with the intent of exploiting them.

How does SF Fire Credit Union identify possible elder abuse?

A few of the things we look for include:
Statements made by the apparent victim or suspect
Changes to banking patterns or practices, unusual activity, such as large withdrawals or large wires
Abrupt changes to legal or financial documents, such as power of attorney or trust instruments
Sudden confusion by the apparent victim regarding their personal financial matters
Establishment of unnecessary credit for the apparent victim for themselves or another person

What is the Credit Union required to report?

We are required to report suspected financial abuse of an elder or dependent adult to the Adult Protective Services agency (APS) or law enforcement in the county where the apparent victim lives within two working days. Financial institutions that fail to comply with this timeline are subject to civil penalties of up to $5,000.

How can members report suspected elder abuse?

If you suspect that you or someone you know are a victim of elder abuse, we encourage you to contact us at the Credit Union, or reach out to your local authorities.

Questions?

If you have questions about elder abuse, please contact Chris Van Sickle, our VP of Internal Audit/Compliance at cvansickle@sffirecu.org, or Emily Borowski, our Internal
Audit & Compliance Manager at eborowski@sffirecu.org.

SFFD 150th Anniversary Parade & Historical Exhibition

Celebrate 150 years of emergency response and firefighting in San Francisco with the brave men and women of the SFFD.
Historic apparatus & vehicles will be on display at Fisherman’s Wharf on the waterfront between Pier 39 and Pier 45.

Come see…
1895 Steam Pumping Engines in Action
Horse Drawn Apparatus Galore
Fire Dept History comes to life

SFFD-150th-Anniversary-Parade-and-Historical-Exhibition

13th Annual Steven Rucker Memorial Golf Tournament

13th Annual Steven Rucker Memorial Golf Tournament
Event Date: Monday, September 19, 2016
Bay Club Stone Tree, Novato, CA

About the Steven Rucker Memorial Golf Tournament

Steven Rucker was a Novato firefighter, who lost his life in the Line of Duty on October 29, 2003 while battling the Cedar Fire. Since 2004 the Steven Rucker Memorial Golf Tournament has raised over $250,000. The Novato Fire Foundation uses these funds to support the Fire Squirts camp for kids, the Steven Rucker Scholarships, the Automated Defibrillator program, and other Foundation sponsored events.

Passing of James Olson - Long Serving Board Member & Credit Union Advocate

It’s with a heavy heart that SF Fire Credit Union notifies to our membership that James (Jim) Olson passed away on August 4th. Services were held on August 24th at St. Francis Solano Church in Sonoma, where friends, family, and colleagues paid tribute to Jim’s life and career.

Long and Storied Career of Protecting San Franciscans
Jim enjoyed a long and successful career in the San Francisco Fire Department, which began as a cadet in 1963 and concluded as Deputy Chief of Department in 1996. Always a mentor to up-and-coming firefighters, he will be remembered by many for advising them to “Never forget you started on the back step of the truck.”

Decades of Credit Union Stewardship
Having always had an interest in finances, Jim understood the positive impact our Credit Union had on the lives of its members. Serving as an elected official for over twenty years, he will be remembered for being a steward of the Credit Union who was always an advocate of the member.

Official Obituary & Online Guestbook
The Olson Family has shared the official obituary on www.sfgate.com, which also provides visitors with the ability to leave comments.