Benefit Liability Management isn’t a new concept in the credit union industry, yet many are unsure of what it means. Sometimes called Benefits Pre-funding, it is simply purchasing an otherwise…
This webinar addresses how the Tax Cuts and Jobs Act affects executive compensation. In particular, new Section 4690 of the tax code imposes a 21% excise tax on credit unions…
After several years in the making, the NCUA recently published its guidance for examiners on Section 701.19. Under this regulation, a federal credit union may hold otherwise impermissible investments if…
This webinar digs into the details of proper accounting methods for Business-Owned Life Insurance (BOLI) and Supplemental Executive Retirement Plans (SERPs). In addition to call report treatment, we look at…
When it rains, it pours. In the past few months, several high impact changes affecting executive benefits have taken place: NCUA examiner guidance, tax reform, and DOL disability claims. We’ll…
Most executives are surprised to learn that split dollar plans have been around for at least 75 years. Several IRS rulings have been issued in that time, confirming that split…
Learn how a split dollar plan is designed and what key decisions need to be made by the credit union. You’ll gain a better understanding of how well-designed and serviced…
