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President’s Corner – Business Cycles

The Boston Red Sox were leading the Los Angeles Dodgers two games to one going into Game 4 of the 2018 World Series. Dodger Game 4 starter Rich Hill threw six shutout innings, and the Red Sox looked completely outmatched, down 4-0 as the game advanced to the seventh...

President’s Corner – Assistants

The end of the football season is always an interesting time for coaches. They receive their season-ending report cards and either get a pat on the back by the athletic director or general manager, or start looking for their next job. In general, there are two types...

Text and Phone Call Fraud Alert

Some members have reported that they have received text messages and/or phone calls instructing them to call a phone number where an automated recording asks them to provide personal information including their EBT 16-digit card number and PIN. When the information is...

President’s Corner – Amazon

The world’s biggest company, Amazon, went out to bid on their location for a second headquarters, nicknamed “HQ2.” This is a story that goes into the muck and the mud about how large corporations wield their financial and political influence to...

Holiday Scams Alert

In advance of the holiday season, FBI Charlotte reminds shoppers to beware of cyber criminals and their aggressive and creative ways to steal money and personal information. Scammers use many techniques to fool potential victims, including fraudulent auction sales,...

President’s Corner – Missed News

While many of us have been following the daily deluge of midterm elections, Supreme Court nomination hearings, migrant caravans, and presidential tweets, the following stories slipped through the cracks and fell back between the gossip columns and birth announcements...

Remembering Lew Pascalli

It is with great reverence that we announce the passing of Lew Pascalli. Lew was a Credit Union member, Chairman of the Credit Committee since the 1960’s and an esteemed friend. An ethical and thoughtful man, his opinion was respected by his fellow committee...

President’s Corner – Insider Trading

Albert H. Wiggin did what very few people did – he made millions of dollars during the 1929 stock market crash and subsequent Great Depression. Mr. Wiggin, then head of Chase National Bank, shorted 40,000 shares of his own company stock and made $4 million in...

Phone Call Fraud Alert

Beware – 1st Northern California Credit Union continually monitors for fraudulent activity and will always try to alert you if any is identified. As general practice, we strongly encourage you to be vigilant, pay attention to your statement, and monitor your...