Question 1

What is Firefighters & Company Federal Credit Union (FFCOCU)?

Accepted Answer

Firefighters & Company Federal Credit Union (FFCOCU) is a community-based federal credit union headquartered in Dayton, Ohio. With approximately $127 million in total assets and over 7,200 members, FFCOCU provides a full range of financial services to residents of Montgomery, Greene, and Miami counties in Ohio.

Originally established to serve Dayton firefighters, the credit union has expanded its membership to include anyone who lives, works, worships, or attends school in its three-county service area. FFCOCU operates with a member-focused, not-for-profit cooperative structure that emphasizes community involvement and returning value to its member-owners.

Question 2

When was Firefighters & Company Federal Credit Union (FFCOCU) founded?

Accepted Answer

Firefighters & Company Federal Credit Union was organized as the Dayton (Ohio) Firemen Federal Credit Union on June 4, 1935. The charter was established by members of the Dayton Fire Department and the Department of Telegraph and Signals who sought to create a financial cooperative to serve their colleagues.

For over 68 years, membership remained restricted to active and pensioned employees of the Dayton Fire Department, Department of Telegraph and Signals, credit union employees, and their immediate families. In September 2003, the credit union expanded its field of membership to include anyone living, working, worshiping, or attending school in Montgomery County, Ohio. On September 21, 2016, membership benefits further expanded to include residents of Greene and Miami counties.

Question 3

Where is Firefighters & Company Federal Credit Union (FFCOCU) headquartered?

Accepted Answer

Firefighters & Company Federal Credit Union is headquartered at 338 S Patterson Boulevard, Dayton, Ohio 45402. The headquarters location serves as the main administrative center for the credit union's operations in the Dayton-Springfield metropolitan statistical area.

Question 4

Where does Firefighters & Company Federal Credit Union (FFCOCU) operate?

Accepted Answer

FFCOCU operates in southwestern Ohio, serving members across three counties: Montgomery County, Greene County, and Miami County. The credit union's primary market is the Dayton-Springfield area.

Membership is open to anyone who lives, works, worships, or attends school in these three counties. Additionally, FFCOCU members have access to more than 40 shared branching locations in the Dayton area and over 5,000 shared branching locations worldwide through the CO-OP Shared Branch network, providing extensive access beyond the credit union's physical locations.

Question 5

What services does Firefighters & Company Federal Credit Union (FFCOCU) offer?

Accepted Answer

FFCOCU offers comprehensive financial services including:

Deposit Accounts: Share savings accounts, checking accounts (including Kasasa Reward Checking with competitive rates), share certificates with various terms from 6 to 60 months, and health savings accounts.

Lending Products: Mortgages, vehicle loans, personal loans, and credit cards designed to meet diverse member needs.

Digital Banking Services: Free online banking accessible 24/7, mobile banking through the "Firefighters & Company Mobile" app available for iOS and Android, remote deposit capture for check deposits via mobile device, bill pay services, account alerts, electronic statements, and secure messaging with the credit union.

Additional Services: Financial counseling, fund transfers between accounts and to other members, live chat support, and access to thousands of surcharge-free ATMs through the shared network.

Question 6

What makes Firefighters & Company Federal Credit Union (FFCOCU) unique?

Accepted Answer

FFCOCU distinguishes itself through its deep roots in public service and its evolution from a firefighter-exclusive institution to a community credit union while maintaining its commitment to its founding mission.

The credit union operates on a true cooperative model where approximately $70-80 of every $100 deposited is loaned back to members, creating a financial cycle that directly benefits the membership. All members are shareholders with equal voting rights on a one-member, one-vote basis, regardless of account balance.

Community involvement is central to FFCOCU's identity. The credit union actively participates in community development through employee volunteerism, organizational contributions, and support for local initiatives that improve the lives of members and their communities.

FFCOCU is governed by an elected Board of Directors and appointed committees composed entirely of volunteers who serve without compensation, dedicating their time and expertise for the benefit of the entire membership. This volunteer-driven governance model ensures that decisions are made with member interests as the top priority.

Question 7

What type of financial institution is Firefighters & Company Federal Credit Union (FFCOCU)?

Accepted Answer

Firefighters & Company Federal Credit Union is a federally chartered credit union regulated by the National Credit Union Administration (NCUA). As a federal credit union, FFCOCU operates under federal regulations and provides member share insurance through the National Credit Union Share Insurance Fund (NCUSIF), which insures deposits up to $250,000 per account.

FFCOCU is classified as a community credit union, meaning membership is based on geographic location rather than employment or associational bonds. Anyone who lives, works, worships, or attends school in Montgomery, Greene, or Miami counties in Ohio is eligible for membership.

As a not-for-profit financial cooperative, FFCOCU exists solely to serve its member-owners rather than external shareholders. The credit union maintains a "well capitalized" status with a net worth ratio of 9.2%, reflecting strong financial health and stability.

Firefighters & Company Federal Credit Union (FFCOCU)

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About Firefighters & Company Federal Credit Union (FFCOCU) in the United States

Firefi­ghters & Company Federal Credit Union (FFCOCU)