annuaL rePort - Fire Services Credit Union

2012
ANNUAL
REPORT
The Fire
Department
Employees
Credit Union
CONTENTS
Introduction
Credit Summary
Board and
Management
Letter
Report of the
Independent
Auditor on
the Summary
Financial
Statements
Vision Statement
Management’s
Responsibility
for Financial
Information
Summary
Financial
Statements
Office Staff
Board of Directors
In Memoriam
Community
SO MUCH MORE
S
o much more. It’s a phrase that says a lot about Fire Services Credit
Union. For starters, our members make us so much more than a typical
credit union. We are dedicated to meeting the financial needs of Ontario
firefighters and their families. We do this exclusively. And we do it very well.
But we’d like to do so much more for them.
2011 and 2012 were about getting in touch with what our members needed
and providing it to them in the form of improved online services and our
Bucket Coach wealth management guide. So what’s ahead for 2013?
So much more.
Our members have told us that they’d do more business with FSCU if we made
it easier for them. We are doing just that by expanding our virtual services,
making it possible for them to get what they need from us without ever having
to step into a branch. Convenience and accessibility is at the heart of our
business planning. Connecting with members on their terms is a priority for
us in 2013. Meeting their needs online and at their locations is the key to our
membership and business growth.
Going Virtual
In the spring of 2013, we will enhance our website to become a truly virtual
branch for our members and potential members. Here’s how:
›› Our site will be refreshed to make content easy to find.
›› We will make it possible for someone to become a member of FSCU
online without ever needing to come into a branch to sign documents.
›› Members will be able to open new FSCU deposit accounts online.
›› Members will be able to apply for any kind of loan online.
›› Members will be able to manage their finances online.
›› We will expand our outreach.
Simply put, if our members can’t come to us and if they prefer not to manage
their finances online, we will come to them. In our expanded outreach
program, our staff will travel across the province to connect with FSCU
members and potential members in their fire halls, homes or workplaces as
well as at the events that matter to them.
01
ANNUAL REPORT 2012
We’re here to
make a difference
in our members
lives, for their
families and in
their communities.
Community
We will also continue to do so much more for our members by being
committed to the events and causes that matter the most to them. 2013 will
see the 1st FSCU Annual Golf Tournament take place on May 29. The goal of
this tournament is to raise awareness of the CFFF (Canadian Fallen Firefighter
Foundation), an organization created to honour and remember firefighters who
have been killed in the line of duty and to offer support to their families. We
are very proud of our association with CFFF and deeply committed to helping
them to raise the funds they need to carry out their mandate.
So much more in 2013
Our focus for 2013 is simple: to become the financial institution of
choice for Ontario firefighters and their families. We’ll achieve this by
offering online and outreach options that eliminate barriers and make
being a member of FSCU a natural and incredibly easy choice.
2013 is about showing Ontario firefighters that FSCU is so much
more than they might have thought we were. We are committed to
demonstrating at every touch point–in person and online–that we’re
here to make a difference in their lives, for their families and in
their communities.
ANNUAL REPORT 2012
02
2012 REVIEW
Board and Management letter
For the year ended December 31, 2012
Dear FSCU Owners,
2012 was a very challenging year for our Credit Union, as it was for most
Credit Unions in the system.
While record low interest rates persist (which of course is great news for
borrowers), your Credit Union is dealing with the correspondingly lower
financial margins that make it extremely difficult to grow our bottom line
results. In addition, the costs of doing business keep rising. The ever
increasing regulatory requirements of the Deposit Insurance Corporation of
Ontario (DICO), the need to invest in new technology to remain competitive,
contemporary and relevant products and pricing for our membership and
higher overall operating costs have all had a significant impact on our
business. The good news, particularly when you take into consideration our
continuing challenge of building new membership, is that 2012 was another
profitable year for Fire Services Credit Union.
Our assets as of December 31st, 2012 were just under $67 million, slightly
over $1 million less than they were December 31st, 2011. The drop in assets
is attributable to a high number of estate payouts during the year, the impact of
competition on our deposit book and lower than anticipated new membership
recruiting. We also chose not to be overly aggressive attracting new high cost
deposit business during the year, based on our high liquidity levels. As our loan
and mortgage business continues to grow in the next few years, we will need to
attract deposits again to fund the lending growth, which will impact our deposit
pricing accordingly. So in no small part, our asset decline was in fact strategic
based on the current status of our balance sheet. In other words, because we did
not grow new membership (new members typically are members who borrow) as
much as we had hoped, we chose not to aggressively grow our deposits.
Structurally, our Credit Union is in very good shape. Our regulatory capital
ratio ended the year at a very strong 8.25% of total assets, more than double
the regulatory capital requirements. As mentioned above, our liquidity (assets
available for member lending and reserves) continued to be a challenge to
the bottom line. At the end of 2012, liquidity levels were well above board
03
ANNUAL REPORT 2012
2012 was another
profitable year for
Fire Services.”
-Kevin Connolly
We have a strong
foundation for
the future”
-Michael Neely
guidelines at 31.47% of member deposits, the silver lining being that credit
union policy minimums are at 8.00%. The impact of these high liquidity
levels however, was a moderation of financial margin (spread) which fell
to 2.34%. Excess liquidity is invested primarily in term deposits, almost
exclusively with Central 1 at lower yields than we would experience if we had
been able to channel it into member loans and mortgages. The good news is
that it is abundantly clear and straightforward how we can improve our overall
performance. Grow our membership, grow our loans and mortgages, increase
our non-interest revenues and continue to manage the business responsibly.
On the latter note, while operating expenses grew in 2012, they were less than
we had forecasted. We will continue to do our best to control our expenses,
while making the necessary investments to be in a position to improve service
to our members. In 2012, our net income before tax was $184,712, which
was an 18% decline from 2011. Members should know that most Credit
Unions have experienced the same challenge as we had in preserving their
bottom lines, caused by stubbornly low interest rates and lower lending levels.
The good news is that we are structurally strong and we are taking action in
2013 to improve our lending growth, including the participation in a limited
amount of high quality syndicated commercial lending though Central 1
Credit Union. This type of lending carries similar if not lower risk levels than
our personal lending which continues to be managed at very low levels of
impairment, while maintaining adequate loan loss reserve provisions.
From a Board perspective, 2012 was another busy year. The Board met
monthly to review the Credit Union’s progress, also receiving monthly updates
from the Audit and Governance committees, which met quarterly during the
year. We are excited about the strategic direction of the Credit Union, which
has evolved substantially during the past three years. Our Credit Union is now
a true full-service financial institution capable of meeting all of our members’
financial needs, competitively and with a level of service that is truly second to
none. This has happened in no small part through the efforts of an experienced
and dedicated management and staff, who your Board feels have performed
strongly during considerably challenging times.
Our Credit Union is
now a true full-service
financial institution.
We are also fortunate to have an experienced and dedicated Board of Directors,
who have willingly risen to the occasion in responding to significantly greater
training, qualification and competency requirements brought forward by the
Regulator. Credit Unions, both large and small, are now required to comply
with much more stringent governance and Board oversight standards, which
we believe are good for the co-operative system. Late in 2012, all Board
members went through a comprehensive self-evaluation exercise facilitated by
an external consulting firm. This evaluation identified areas of development
for individual Board members, and assessed the overall strength of our Board
and its members relative to the new competency standards that are the new
norm in the industry. Each Director, based on their assessment, now has an
individual training plan that they have undertaken to ensure that they meet or
exceed the new standards within the necessary time frame established by the
Regulator. While the training requirements are certainly not excessive, we are
pleased that all members of the Board have responded as positively as they
have to the additional time required of them for this purpose. >
ANNUAL REPORT 2012
04
In 2012, we were able to refine our product and service offering, making
strategic investments in product development, systems and staff training. Our
online presence was improved dramatically with a complete revamp of our web
site, the full integration of Member Direct online banking, which now includes
full mobile banking, e-transfers, me to me banking, online statements, and
e mail alerts. We added important strategic partners to our business, with
new service affiliations with Professional Fire Fighter Associations, including
Richmond Hill, Vaughan and Brampton. We continue to work closely with our
original partners at the Toronto Professional Fire Fighters Association, whose
members constitute the majority of our own membership. We also have a
strong relationship with the Ontario Professional Fire Fighters Association,
which has been very supportive in helping us extend our reach outside of our
traditional GTA market. To sum up 2012, we took another step in establishing
ourselves as a Financial Institution capable of serving the financial needs
of Ontario Fire Fighters and their families, wherever they may be located.
The disappointment for us was that we were not as successful as we thought
we would be translating our improved service proposition into increased
membership. Solving this problem is Job 1 going forward.
While a journey is never complete in our world, 2013 will see us implement
arguably the last missing link in our operations. We now have a complete
product line, industry leading online presence including Skype communication
capability, competitive pricing on all of our products and a knowledgeable
staff who know our members and potential members better than any other
Financial Institution. During the second quarter of 2013, we will be adding a
new system that will allow a potential new member to join our Credit Union,
open an account, take out a loan or mortgage, all without ever needing to
attend one of our branches. Any time of the day or night, we will be able to
conduct new business with our members. We will effectively not be limited by
our physical location any longer, which is vital if we are to be successful as
one of the last remaining closed bond Credit Unions in Ontario. In addition to
this, Fire Services Credit Union is participating in a new initiative by Central 1
Credit Union called Member Access. Member Access will allow Credit Union
members in branch access to participating Credit Unions in Ontario among
other developing options to conduct withdrawal transactions beyond those
available in the Exchange machine network. It will be like having a Branch
of Fire Services Credit Union anywhere you go in Ontario where there is a
participating Credit Union.
In 2013, we will continue to support the causes that are important to Fire
Fighters and their families like Camp Bucko and the Princess Margaret
Hospital Cancer Foundation, to name just a few. The highlight of our
benevolent activities will be the hosting of our first ever Charitable Golf
Tournament in support of the Canadian Fallen Firefighter Foundation on May
29th, 2013. This event will increase the profile of our Credit Union within the
Fire Fighter community, but more importantly support a cause that we feel is
extremely important. Please consider joining us for this event, or supporting
the cause by making a contribution to its success.
We believe that we have positioned Fire Services Credit Union in such a
fashion that it can legitimately compete with any Financial Institution in
Ontario. This is the result of a three year program of strategic investment in
all areas of our business.
05
ANNUAL REPORT 2012
In 2012, we were
able to refine our
product and
service offering.
FSCU Board Chair Michael Neely (L)
with CEO Kevin Connolly (R)
But the fact is that in the current economy and the protracted period of low
interest rates we find ourselves in, our future depends on our ability to attract
new members to our Credit Union family and encourage our existing members
to broaden their relationship with us and make FSCU their primary Financial
Institution. And so, we are asking you to help us by considering ways that
you can increase your business with us. We have everything you need from a
bank, including professional financial and estate planning, complete investing
products and services (mutual funds, stocks, bonds, etc.), online trading, life,
home and auto insurance, a full menu of savings, loan and mortgage products,
well, you name it. We will come to you to service your needs, and very soon
you will enjoy the benefits of a full, virtual financial institution with the added
benefit of personalized, friendly service.
On behalf of the Board of Directors and the Management Team, we would
like to thank our dedicated staff for all of their hard work during 2012. We
would also like to thank our members for their ongoing support to our Credit
Union. We have a strong foundation for the future, and we are ready to face
the challenges of the future with your continued commitment to Fire Services
Credit Union!
Yours Sincerely,
Kevin ConnollyMichael Neely,
Chief Executive Officer
Chairman of the Board
ANNUAL REPORT 2012
06
FINANCIALS
MANAGEMENT’S RESPONSIBILITY For
Financial information
For the year ended December 31, 2012
To the Members of The Fire Department Employees Credit Union Limited:
The accompanying summary financial statements of The Fire Department Employees Credit Union Limited are the
responsibility of management and have been approved by the Board of Directors.
Management is responsible for the preparation and presentation of the accompanying summary financial statements,
including responsibility for significant accounting judgments and estimates in accordance with International Financial
Reporting Standards. This responsibility includes selecting appropriate accounting policies and methods, and making
decisions affecting the measurement of transactions in which objective judgment is required.
In discharging its responsibilities for the integrity and fairness of the summary financial statements, management
designs and maintains the necessary accounting systems and related internal controls to provide reasonable assurance
that transactions are authorized, assets are safeguarded and financial records are properly maintained to provide
reliable information for the preparation of financial statements.
The Board of Directors are responsible for overseeing management in the performance of its financial reporting
responsibilities, and for approving the summary financial statements. The Audit Committee has the responsibility of
meeting with management and external auditors to discuss the internal controls over the financial reporting process,
auditing matters and financial reporting issues. The Audit Committee is also responsible for recommending the
appointment of the Credit Union’s external auditors.
MNP LLP, an independent firm of Chartered Accountants, is appointed by the members to audit the summary financial
statements and report directly to them; their report follows. The external auditors have full and free access to, and
meet periodically and separately with, both the Audit Committee and management to discuss their audit findings.
February 21, 2013
Kevin Connolly, CEO
07
ANNUAL REPORT 2012
Convenience and
accessibility is at
the heart of our
business planning.
Credit Summary
For the year ended December 31, 2012
2012
Number
Dollar ($) Amount
Number
2011
Dollar ($) Amount
Personal Loans Granted
Mortgage Loans Granted
178
50
2.415,112
8,608,436
1792,885,210
56
11,879,525
Total 22811,023,548
23514,764,735
Applications Declined
Restructured Loans
Mortgages Under Administration
53–
60–
––
––
3
409,212
5
560,251
Impaired Loans
Realizable Security
Allowance for Impaired Loans
General Allowance
12126,174
10145,845
–
(1,743)
–
(11,187)
–
124,431
–
134,658
–28,005
–80,525
Total Allowance152,436215,183
Charged Off Debts
Recovered Debts
5
64,217
–23,615
9
92,061
–26,039
Loans were granted in the following categories in 2012
Type
Number
Dollar ($) Amount
Personal Loans
22
554,369
Consolidation 47771,024
New Car
17
368,649
Home renovations
5
66,615
RSP Line of Credit
18
60,952
Investment 110,000
Recreational vehicle
3
33,261
Used Car / Repairs
7
119,688
Vacations–
–
New Home
1
1,409
Miscellaneous expenses
5
47,215
Furniture / Appliance
2
9,630
Overdraft15 16,500
Lines of Credit
35
355,800
Equity Lines of Credit
21
1,990,100
First Mortgages
29
Total228
6,618,336
11,023,548
ANNUAL REPORT 2012
08
Report of the independent Auditor
on the Summary Financial Statements
For the year ended December 31, 2012
To the Members of The Fire Department Employees Credit Union Limited:
The accompanying summary financial statements, which comprise the
summary statement of financial position as of December 31, 2012, the
summary statements of income, comprehensive income and changes in
members’ equity for the year then ended are derived from the audited
financial statements of The Fire Department Employees Credit Union Limited
for the year ended December 31, 2012. We expressed an unmodified audit
opinion on those financial statements in our report dated February 21, 2013.
The summary financial statements do not contain all the disclosure required
by International Financial Reporting Standards. Reading the summary
financial statements, therefore, is not a substitute for reading the audited
financial statements of The Fire Department Employees Credit Union Limited.
Management’s Responsibility for the Summary Financial Statements
Management is responsible for the preparation of a summary of the audited
financial statements on the basis described in Note 1.
Auditors’ Responsibility
Our responsibility is to express an opinion on the summary financial
statements based on our procedures, which were conducted in accordance
with Canadian Auditing Standards (“CAS”) 810, “Engagements to Report on
Summary Financial Statements.”
Opinion
In our opinion, the summary financial statements derived from the audited
financial statements of The Fire Department Employees Credit Union Limited
for the year ended December 31, 2012 are a fair summary of those financial
statements, on the basis described in Note 1.
MNP LLP
Licensed Public Accountants
09
ANNUAL REPORT 2012
Our members
make us so
much more than
a typical
credit union.
The Fire Department Employees Credit Union Limited
Summary STATEMENT OF FINANCIAL POSITION
As at December 31, 2012
2012 2011
In $
Assets
Cash
Investments
Member Loans
Other assets
Property and equipment
Computer software
2,191,791
18,184,377
45,293,915
221,641
696,280
141,805
Liabilities
Member deposits
Other liabilities
Member shares
3,082,864
15,873,391
47,708,808
288,946
707,753
97,677
66,729,809
61,027,701
138,193
383,004
67,759,439
62,135,802
144,516
394,505
61,548,898
62,674,823
Members’ Equity
Investment shares
Retained earnings
Accumulated other comprehensive income
1,649,599
3,227,160
207,857
1,649,599
3,342,101
189,211
5,180,911
5,084,616
66,729,809
67,759,439
Approved on behalf of the Board
Michael Neely—Director
Michael Jansen—Director
The accompanying note forms part of the summary financial statements
ANNUAL REPORT 2012
10
The Fire Department Employees Credit Union Limited
Summary Statement of income
For the year ended December 31, 2012
2012 2011
In $
Interest income
Loans
Investments
2,011,439
399,776
Interest Expense
Member deposits
2,411,2152,582,592
768,282
Net interest income 2,193,695
388,897
808,481
1,642,933
1,774,111
(22,145)
73,961
Net interest income after provision for (recovery of) impaired loans Other income 1,665,078
170,914
1,700,150
145,024
Net interest and other income 1,835,9921,845,174
Provision for (recovery of) impaired loans Operating Expenses
Salaries and benefits
Administration expenses
Depreciation and amortization
Deposit insurance
809,725
729,527
59,171
52,857
827,027
688,614
58,296
54,227
1,651,2801,628,164
Income before other items and taxes
Other items
Gain on investments
Income before income taxes Income taxes
Current
Deferred
NET INCOME The accompanying note forms part of the summary financial statements
ANNUAL REPORT 2012
–
2,477
184,712219,487
16,430
8,039
11
184,712217,010
38,861
(5,000)
24,46933,861
160,243
185,626
The Fire Department Employees Credit Union Limited
Summary Statement of Comprehensive income
For the year ended December 31, 2012
2012 2011
In $
Net income for the year 160,243185,626
Other comprehensive income (loss)
Unrealized gain (loss) on interest rate swap
(90,942) Unrealized gain on available for sale investments
72,296
Tax related to unrealized gains (losses)
2,890
Realized gain on available for sale investments reclassified to income
(3,420)
Tax on realized gains reclassified to income
530
130,607
22,295
(23,700)
–
–
Total other comprehensive income (loss) (18,646)129,203
Total comprehensive income for the year 141,597314,829
The Fire Department Employees Credit Union Limited
Summary Statement of Changes in Members’ Equity
For the year ended December 31, 2012
Accumulated OtherInvestmentRetained
Comprehensive Income
shares
earningsTotal
Balance, January 1, 2011
Net income Dividends paid on investment shares Income tax on dividends paid Other comprehensive income
78,654
–
–
–
129,203
1,649,599 –
–
–
–
3,086,836 185,626
(53,612)
8,310
–
4,815,089
185,626
(53,612)
8,310
129,203
Balance, December 31, 2011
Net income Dividends paid on investment shares Income tax on dividends paid Other comprehensive income
207,857 –
–
–
(18,646)
1,649,599 –
–
–
–
3,227,160
160,243 (53,612)
8,310
–
5,084,616
160,243
(53,612)
8,310
(18,646)
189,211 1,649,599 3,342,101 Balance, December 31, 2012 5,180,911
The accompanying note forms part of the summary financial statements
ANNUAL REPORT 2012
02
12
THE FIRE DEPARTMENT EMPLOYEES
CREDIT UNION LIMITED
NOTE TO THE SUMMARY FINANCIAL STATEMENTS
For the year ended December 31, 2012
1. Basis of presentation
Management is responsible for the preparation of the summary financial
statements. The summary financial statements presented include the
summary statement of financial position, and the summary statements of
income, comprehensive income and changes in members’ equity. They do
not include the summary of significant accounting policies, and notes to
the financial statements. The summary statement of financial position and
summary statements of income, comprehensive income and changes in
members’ equity are presented in the same detail as the audited financial
statements except the note referencing has been removed.
VISION STATEMENT
To be the financial institution of
choice in helping Ontario Fire Fighters
and their families build secure
financial futures.
13
ANNUAL REPORT 2012
US
BOARD OF
DIRECTORS
OFFICE STAFF
John Allard
Kevin Connolly
Teresa Katsarov
Chair, Audit Committee
Chief Executive Officer
Accounting Officer
Steven Buckingham
Christine Chapman
Cherylanne McMackin
Lending Officer
John D’Aloisio
Manager, Business Process
& Enterprise Risk
Keith Hamilton
Shelley O’Connor
Lending Officer
Chair, Governance Committee
Robert Head
Board Vice Chair
Michael Jansen
Corporate Secretary
Patrick McCabe
Michael Neely
Board Chair
Manager, Member Service
Craig Wyldes
Trevor Clarkson
Lending Officer
Membership Development Officer
Greg Greer
Rose Cirillo
Member Service Officer
Contract Chief Financial Officer
Jeffrine Ojukwu
Vivian Istifan
Member Service Officer
Manager, Finance & Administration
Robert O’Hallarn
Kathleen Vieira
Ron Smith
Administrative Consultant
Board of Directors (L to R)—Michael Neely, Michael Jansen, Robert Head,
Office Staff—Seated (L to R)—Vivian Istifan, Rose Cirillo, Kathleen Vieira, Teresa
Keith Hamilton, Robert O’Hallarn, John Allard, John D’Aloisio,
Katsarov. Standing (L to R)—Jeffrine Ojukwu, Trevor Clarkson, Shelley O’Connor,
Steven Buckingham. Absent—Patrick McCabe.
Kevin Connolly, Cherylanne McMackin, Craig Wyldes, Christine Chapman.
ANNUAL REPORT 2012
14
IN MEMORIAM
IN MEMORIAM
Toronto Professional Fire Fighters Local 3888
Active and Retired Deaths
Active Member Line of Duty Deaths
Richard Eldon*
Firefighter
May 21 2012
Randy Burch
Firefighter
Nov 12 2012
Active Member Deaths
Wayne Boden*
Public Educator
Feb 8 2012
Peter Czulinski *
Acting Captain
May 3 2012
Ian Robertson
Marine Engineer
Nov 13 2012
Captain
Jan 2 2012
Toronto
Clarence “Elton” Stoll District Chief
Jan 4 2012
Etobicoke
Earl Donald Huras
District Chief
Jan 27 2012
Etobicoke
Peter Welch
Firefighter
Jan 30 2012
Toronto
Doug Herron
Firefighter
Feb 2 2012
North York
Orval Davidson
Firefighter
Feb 2 2012
Toronto
Robert Edwards*
District Chief
Mar 4 2012
Toronto
Charles Marshall
Captain
Mar 12 2012
Toronto
John Langcaster*
Acting District Chief
Mar 18 2012
Toronto
Clifford Patterson*
Firefighter
Mar 19 2012
Toronto
Charles Cann*
Captain
Mar 24 2012
Toronto
George Starr*
Captain
Mar 31 2012
Toronto
Richard White*
Captain
Mar 31 2012
Toronto
George Pollitt
Deputy Chief
April 11 2012
North York
Walter Burnett
Captain
April 19 2012
East York
Fred Cormier
Captain
April 20 2012
Etobicoke
John Addison
Captain
April 22 2012
Toronto
Douglas Lynn*
Captain
May 15 2012
Toronto
Earl Crawford
Captain
May 22 2012
North York
Dennis Bowles
District Chief
July 27 2012
Toronto
Frank Wynn
Acting Captain
July 27 2012
Toronto
Jack Cameron
Firefighter
Aug 4 2012
Etobicoke
John Walker*
Captain
Aug 5 2012
Toronto
John Crawford
Firefighter
Aug 9 2012
Toronto
George Willey
Director Fire Prevention Oct 5 2012
Toronto
Harry Smith
District Chief
Toronto
Retirees
Ronald Chapman
15
ANNUAL REPORT 2012
Oct 13 2012
Retirees Cont’d
Alvin Scattergood
Captain
Oct 16 2012
North York
Wesley Massey
Chief of Mechanical
Oct 17 2012
North York
Charles Shinners*
District Chief
Oct 28 2012
Toronto
Robert Robinson
Captain
Nov 3 2012
North York
Robert McNair
Firefighter
Nov 6 2012
Toronto
Thomas Craig
Deputy Chief
Nov 10 2012
Scarborough
Bruce Parker
Fire Chief
Nov 17 2012
York
Doug Patterson
Captain
Nov 20 2012
Etobicoke
Robert Barton *
Firefighter
Nov 23 2012
Toronto
John Semple*
Captain
Dec 2 2012
Toronto
Les Wills
Captain
Dec 11 2012
Toronto
Donald Cunningham
Firefighter
Dec 20 2012
Scarborough
Raymond Todd
Firefighter
Dec 21 2012
Scarborough
James Challis*
Captain
January 6 2013
Toronto
Earl Jones*
Captain
January 16 2013 Toronto
Ontario Professional Fire Fighters Association Line of Duty Deaths
Kevin Gordon
Firefighter
2010
Uxbridge
Larry Palmer
Firefighter
1977
Blenheim
Thomas Clark
Firefighter
2008
North York
Maynard McEwan
Chief of Mechanical
2010
Ottawa
Murray Manson Sr
District Chief
2011
Toronto
William Brew
District Chief
1979
Toronto
Walter Cunliffe
Firefighter
2011
Etobicoke
Robert Chrisp
Firefighter
2010
Toronto
John Stockman
District Chief
2010
North York
John Duffield
Firefighter
2011
Sarnia
Leonard Duquette
Firefighter
2005
Welland
Theodore Tokaryk
Firefighter
2011
Ottawa
Frank LeClair
Captain
2011
Quinte West
Richard Eldon*
Firefighter
2012
Toronto
Peter J Voynovich
Firefighter
2012
Welland
Larry Pilkey
Firefighter
2011
Markham
Ian Picard
2nd Lieutenant
2012
A.E.C.L.
Jake Rumbles
Firefighter
2012
Hamilton
Fire Services Credit Union
endeavours to minimize
any errors or omissions.
In the event we have
Brampton Professional Fire Fighters Association-Active and Retired Deaths
Shane McCready
Acting Captain
2012
Brampton
John O’Reilly
Firefighter
2012
Brampton
Don Laidlaw
District Chief
2012
Brampton
Scott Lewis
Captain
2012
Brampton excluded anyone,
we sincerely regret
the oversight.
*FSCU Members
Fire Services Credit Union Members Deceased in 2012
Armand, Marjorie
Barton, Robert
Boden, Wayne
Brann, Thomas
Cann, Charles
Clark, Audrey
Cook, Harold
Czulinski, Peter
Dowell, Thomas
Duquette, George
Edwards, Robert
Eldon, Richard
Ferguson, Alexander
Kahn, Betty Agnes E.
Langcaster, John
Leblanc, Randi
Lynn, Douglas
Monaghan, Beryl
Patterson, Clifford
Richards, Ronald
Rogers, Beverley
Semple, John
Shinners, Charles
Starr, George
Symington, Sharon
Walker, John
Wallace, Shirlee
Walters, Dorothy
White, Richard M.
ANNUAL REPORT 2012
02
16
Canadian Fallen Fire Fighters Foundation
CANADIAN, ONTARIO AND TORONTO
FALLEN FIRE FIGHTER MEMORIALS
Group Pictures for Toronto Fire Service Academy Graduates
TORONTO FIRE FIGHTER CALENDARS
15th Annual OPFFA
TOURNAMENT
ROY HEAD GOLF
FIRE PENSIONERS
IN SUPPORT OF THE PRINCESS MARGARET HOSPITAL FOUNDATION
2012 TORONTO
TORONTO FIRE FIGHTERS HOCKEY TEAM
(with NOAC - Naval Officers Association of Canada)
Health and Safety Seminar
TORONTO
PROFESSIONAL
FIRE FIGHTER
ASSOCIATION
SUMMER PICNIC
& CHILDREN’S
CHRISTMAS PARTY
SOUTHERN ONTARIO FIRE FIGHTERS HOCKEY LEAGUE (SOFFHL)
2012 Richmond Hill Professional Fire Fighter Association Charity Golf Tournament
SALVATION ARMY
An ABC of the Battle of the Atlantic
TORONTO PROFESSIONAL
17
CAMP BUCKO (BURN CAMP FOR KIDS IN ONTARIO)
FIRE FIGHTERS ASSOCIATION
CHARITY GOLF TOURNAMENT
Canadian Fire Fighters Museum in Port Hope
2012 ANNUAL TORONTO FIRE PREVENTION GOLF TOURNAMENT
COMMUNITY
THE SUNSHINE FOUNDATION OF CANADA
Vaughan Professional Fire Fighters Association Wallet Shift Calendars
ANNUAL REPORT 2012
Our focus for
2013 is simple:
to become the
financial institution
of choice for
Ontario firefighters
and their families.
We’re here to
make a difference
in our members
lives, for their
families and in
their communities.
1997 Avenue Road
Toronto, ON M5M 4A3
T: 416.440.1294
F: 416.440.4271
East York Civic Centre
850 Coxwell Avenue
East York, ON M4C 5R1
T: 416.397.4641
F: 416.397.4642
Toll Free: 1.866.833.3285
Telephone Banking: 1.877.430.3473
firecreditunion.ca