Latest News

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

Latest News & Firefighter's Corner

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.

69th Annual Police/Fire Memorial Mass

Join us for the 69th Annual Police/Fire Memorial Mass

Sunday, September 11, 2016 at 10:30 a.m.
St. Monica’s Church
470-24th Avenue, San Francisco

(Ample parking on 23rd Avenue)

The San Francisco Fire Department and the San Francisco Police Department is hosting their 69th Annual Police/Fire Memorial Mass, followed by reception.
Reception is sponsored by San Francisco Fire Fighters Local 798 and the San Francisco Police Officers Association.

SFFD Local 798 Blood Drive

Give Blood | Save Lives
SFFD Local 798 Blood Drive

Tuesday, August 9th
Wednesday, August 10th
Thursday, August 11th

8:00 a.m. to 3:00 p.m.
Location: Irwin Center, 270 Masonic Ave, San Francisco, CA 94118

To schedule your appointment, visit: www.bloodheroes.com
Sponsor Code: Local798 or call 1 (888) 393-GIVE

First Responders Volunteer Day

The San Francisco Fire Department is celebrating its 150th (Sesquicentennial) Birthday with a host of family-friendly events throughout the City.

The next event is on August 23rd.

Join in the celebration of the First Responders Volunteer Day.

3:00 p.m. to 5:00 p.m.
Washington Square Park
Volunteer Firefighter Memorial

For more information, visit: www.sffd150.org

Annual Privacy Notice

We are required to notify our members annually of their privacy rights. Financial institutions choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. If you have responded to us in the past, that response still applies.

Privacy Notice - PDF

To read more about the types of information we share, please click here or download the PDF above,.

Rules and Regulations: 314(a) Requests - Working with Law Enforcement

The USA Patriot Act of 2001 instituted a handful of provisions and compliance requirements to help hinder terrorist activity in the United States. A component of these efforts included regulations to help identify money laundering and terrorist funding in US financial institutions. The Financial Crimes Enforcement Network (FinCEN) was created to help law enforcement locate financial assets and recent transactions by subjects of criminal investigations.

WHO IS FINCEN AND WHAT DO THEY DO?

Section 314(a) of the USA Patriot Act enables federal, state, local, and foreign (European Union) law enforcement agencies, through FinCEN, to reach out to over 22,000 financial institutions to locate accounts and transactions made by people or entities that may be involved in terrorism or money laundering.

FinCEN receives requests from law enforcement and upon review, sends notifications to financial institutions across the country informing them when new information has been made available. Financial institutions must then query their records for data matches. Financial institutions have two weeks from the posting date of the request to respond with any positive matches.

Rules and Regulations: The Financial Institution Record Match (FIRM) Program

In January, 2012, the Franchise Tax Board (FTB) began its systematic roll-out of the Financial Institution Record Match (FIRM) program. This program exists to authorize financial institutions (including banks, credit unions, insurance and brokerage companies) located in California to assist the FTB in matching the files of “debtors” in the Franchise Tax Board’s system against the accounts at their institutions.

WHAT DOES THE FINANCIAL INSTITUTION RECORD MATCH PROGRAM ACCOMPLISH?

The Financial Institution Record Match (FIRM) Program identifies delinquent debtor accounts through a record match process. FIRM is an enforcement tool used to collect delinquent taxes and non-tax debts of individuals and business entities.

Coupled with FIRM is a second program called the FIDM (Financial Institution Data Match). Here, financial institutions compare their files with the State Child Support programs and conduct data matches to identify accounts of those who are delinquent on their child support.

HOW DOES SF FIRE CREDIT UNION COMPLY WITH THESE PROGRAMS?

Each quarter we upload a file to a state contracted company that runs our data against the list of individuals or entities who owe state taxes or other things the FTB is in charge of. If there are matches then we would move forward with a request for funds in the form of a garnishment from those individuals or entities.

QUESTIONS?

If you have questions about the FIRM program, FTB or how we comply with these programs, please contact Chris Van Sickle, our Compliance Officer at cvansickle@sffirecu.org, or by mail at our California Street address.

Rules and Regulations: Protecting Members from Elder Financial Abuse

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. This article, we’re addressing elder financial abuse.

What is elder abuse?

When we talk about elder abuse as it relates to the credit union, we are referring 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.