Archive for April, 2013

Don't Let Your Accounts Go DormantPeriodically, we notify our Members of the importance of maintaining active accounts at the Credit Union. We do this for reasons of safety and soundness for both the Members as well as that of the Credit Union.  If you have an account that has not been used in a while, check with the Credit Union to make sure it’s still active.  You can keep your account from going dormant by making a small deposit.  If you have no further use of the account, visit the Credit Union to close the account.

NFFCU 2013 Annual Meeting

Due to a lack of member participation, the Dinner-Dance portion of the 72nd Annual Meeting and Dinner Dance, scheduled for Saturday, April 27, 2013, has been canceled.

The Annual Meeting will still take place as scheduled at 5:30 p.m., at the Credit Union Building at 106 Fleming Avenue.

Members who purchased tickets to the Dinner Dance will receive automatic refunds directly to their Member Credit Union Share accounts. 

72nd Annual Dinner Dance | Newark Firemen Federal Credit UnionThe 72nd Annual Dinner and Dance will be held on Saturday evening, April 27, 2013, starting at 6:30 PM, including cocktails with hors d’oeuvres, dinner and open bar. This year’s event will be held at The Chandelier, 340 Franklin Avenue, Belleville, New Jersey.

The tickets cost $75.00 each or $125.00 per couple for Members in good standings. Tickets must be purchased in advance at the Credit Union office by cash, check, or transfer from your account. Non-Member ticket price is $100.00 per person. No tickets will be sold the evening of the dance, so purchase your tickets as early as possible. Ticket sales will end on April 20, 2013.

John (Jack) Doll, Chairman, Retired BC | Newark Firemen Federal Credit Union

NFFCU Board Chairman John M. “Jack” Doll

NFFCU Board Chairman John M. “Jack” Doll will receive the Senator Christopher Jackman Unionism Award in a ceremony scheduled for Thursday, April 11.

The annual award, one of the highest honors bestowed upon an individual by the Professional Firefighters Association of New Jersey, International Association of Firefighters, AFL-CIO-CLC, is being presented to Doll for his example and promotion of the ideals of firefighter unionism.

In a statement, Doll said, “I am truly honored by this most prestigious award. While I do not feel worthy of such recognition, I do feel blessed to have been able to make some small contribution to the betterment of the lives of my brothers and sisters in the fire service.”

Chairman Doll was first elected to union office in 1984. He was a firefighter for the City of Newark for 32 years, retiring in 2010 with the rank of Battalion Chief.

During his tenure he has held many positions within both the Credit Union and labor movements. In addition to being board chairman at NFFCU, Doll also serves as Secretary to the PFANJ and is a service representative for the International Association of Firefighters where he fills a variety of rolls related to organizing and assisting local unions.

Doll is married to the former Veronica Zavesky and has two boys, Jack Jr. and Matthew. They reside in Union, NJ.

Teaching Your Children About Money

1. Start teaching your children at an early age. They are far more impressionable when they are younger.

2. Teach them in order to spend money; they must    earn money.

3. When your children start asking you to drive to the toy store to buy something they want, it’s a good time to consider giving them an allowance.

4. A good saving rule: 50% of any money they put in their piggy bank must stay in their bank.

5. Open a Share Account at the credit union for each of them to put the money they have saved.

6. Encourage your children around the age of 13 to think of different ways to earn money.

7. Teach your children the differences between needs, wants, and wishes. This will prepare them for making good spending decisions in the future.

8. Your child should have the right to mess up financially so they can learn from their mistakes.

9. There may come a time when you have to tell your children that the Bank of Mom & Dad is closed.