The First Financial Credit Union Blog

International Credit Union Day: The Authentic Difference

Posted by Gabby Boyce on Oct 10, 2016 9:00:00 AM

 

For more than 160 years, credit unions have put people before profit.   

In the 1850s, hard times hit Germany, and people turned to each other for help. They removed small savings from under mattresses and started making reasonably priced loans to one another. These early credit unions were the model for all the credit unions that followed: not-for-profit, democratically controlled and community oriented. The principles that guided them then, guide credit unions today.

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Topics: Membership, FFCU Updates

International Credit Union Day Celebrates, The Authentic Difference

Posted by Gabby Boyce on Oct 3, 2016 9:00:00 AM

On October 20, 2016, credit unions around the world will celebrate International Credit Union Day (ICU Day).

Credit unions are not-for-profit financial cooperatives, offering the same services as other financial institutions, but with a people-first philosophy. Since 1948, on the third Thursday of every October, credit unions have celebrated the principles that make credit unions the best financial partners of people all over the world.  “The authentic difference,” this year’s ICU Day theme, zeroes in on what makes credit unions different from banks, fintech startups and other financial institutions—our principles. 

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Topics: Membership, FFCU Updates

Are Your Kids on Track to Financial Independence?

Posted by Gabby Boyce on Apr 4, 2016 10:00:39 AM

Are your kids on the right track to financial independence?

For many of today's young adults, the weakest link lies in learning the basics. According to a 2014 survey conducted by Harris Poll on behalf of Junior Achievement USA (2014 Teens and Personal Finance Survey), 40% of teens do not have a savings account, checking account, or debit or credit card, and 59% of teens do not have money management classes offered at their schools.

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Topics: Saving & Budgeting, Membership, Youth Services

Credit Union Strong - The Youth Savings Challenge

Posted by Gabby Boyce on Mar 29, 2016 3:52:00 PM

 

April is National Youth Savings Month! To celebrate, First Financial Credit Union is hosting a Youth Savings Challenge to help our young savers become Credit Union strong.

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Topics: Saving & Budgeting, Membership, Youth Services

Once a Member, Always a Member

Posted by Gabby Boyce on Feb 9, 2016 12:11:04 PM

First Financial Credit Union’s “once a member, always a member” policy ensures that membership privileges last a lifetime, even when circumstances change, such as employment or retirement.

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Topics: Membership, FFCU Updates

An Open Letter from the Board of Directors

Posted by Gabby Boyce on Dec 21, 2015 8:53:13 AM

 

The Board of Directors is pleased to welcome Michael Abraham as our new CEO. Michael has a Master of Business Administration in Finance from the Keller Graduate School of Management and a BA from DePaul University. He has worked for several small community banks, for Citigroup and an auto lender. He joined First Financial Credit Union in January of 2014 as Lending Manager and was promoted to Vice President of Operations in February of 2015. Michael's extensive background in the financial sector and his passion for Credit Unions will help us grow FFCU while maintaining our family culture and financial stability.

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Topics: Membership, FFCU Updates

A Farewell Letter from Outgoing CEO, Patrick Basler

Posted by Gabby Boyce on Dec 14, 2015 8:46:05 AM

President’s Message

 

As I pen this letter, it is with both sadness and excitement that I will be leaving FFCU. Effective Monday, Dec 24th, Michael Abraham, FFCU’s current Vice President of Operations will become President/Chief Executive Officer of First Financial Credit Union.

The sadness of this announcement stems from the great organization I will be leaving.  When I look back to when I started here eight years ago, there have been an abundance of changes and transformations. Together, we’ve taken a small, one-office Credit Union that was originally chartered to serve the employees of AT&T Teletype, and have transformed FFCU into a financially strong, member-centric organization that serves multiple communities with multiple locations. None of this would have been accomplished without a great staff and loyal members. I am proud that our organization is continually looking for ways to add value to our members, whether it’s better rates, or staying on the front edge of new product and service offerings. Our Credit Union is committed to our purpose: helping members achieve financial success.    

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Topics: Membership, FFCU Updates

First Financial Credit Union Names Michael Abraham Next CEO

Posted by Gabby Boyce on Dec 10, 2015 10:25:23 AM

FOR IMMEDIATE RELEASE: 12/10/2015

 

Patrick Basler steps down as CEO to take on new role with the League Service Corporation

 

Chicago, Ill: This week, First Financial Credit Union’s Board of Directors announced Michael Abraham as the next Chief Executive Officer, effective Dec. 24, 2015. Current CEO, Patrick Basler will be stepping down from his role after eight years to take on his new position as Chief Strategy Officer with the League Service Corporation (LSC) based in Naperville, IL. LSC helps Credit Unions compete in the financial services marketplace by developing innovative products to facilitate Credit Union growth.

“I’m truly grateful and excited for the opportunity to lead First Financial Credit Union. We’ve spent a lot of time and resources investing in our membership over the last few years, and to be able to build on that investment as CEO of the Credit Union is a great honor,” Abraham said.

Abraham has worked for First Financial Credit Union for two years. He began his career with the Credit Union as the Lending Manager and quickly moved up to be the Vice President of Operations in January 2015. Abraham’s previous experience includes a variety of financial industry managerial roles at companies including TMX Finance and Citigroup. These roles along with his tenure at First Financial combine to make him the premier candidate for the CEO position at First Financial Credit Union.

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Topics: Membership, FFCU Updates

How Credit Unions are taking over the world

Posted by Gabby Boyce on Oct 29, 2015 9:01:05 AM

The Credit Union Movement - condensed into this blog post.

Last month FFCU celebrated International Credit Union Day. This day has been celebrated since 1948 to recognize credit union history and show members our appreciation. The goal is to raise awareness about the great work that credit unions are doing around the world and give members the opportunity to get more involved with the administration of their credit union. 

The theme for the celebration this year was, ‘People Helping People.’ After all, the heart of a credit union is people. Credit Unions around the world offer the same services as other financial institutions, but they have always been not-for-profit, democratically controlled, socially responsible, community focused, and financially sustainable. Why? At the end of the day, a credit union is people pooling their money to provide each other with affordable credit. A credit union is, quite simply, people helping people.

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Topics: Membership

Financial Benefits of Credit Union Membership

Posted by Gabby Boyce on Oct 29, 2015 8:59:40 AM

What’s another difference between banks and credit unions? Oftentimes there are many financial benefits of being a credit union member.

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Topics: Membership

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