Executive Compensation Checklist for New and Experienced Board Members

Looking for an Executive Compensation Checklist for your Credit Union? This presentation serves as a valuable tool for new and experienced board members in pinning down the latest information on new regulations and compensation philosophies associated with creating a successful executive compensation plan.

In this podcast, you will learn how to develop a written compensation philosophy, gain an understanding of the executive benefit plan options that exist, learn the top ten best practices of compensation oversight and more.

Understanding the Ins and Outs of Non-Qualified Retirement Plans for Your Credit Union

To successfully plan and implement non-qualified retirement plans, there are key steps that you must first consider. In this podcast we visit with Jennifer Jackson, Senior Manager at Burns-Fazzi, Brock and Kirk Sherman, a partner with Sherman & Patterson, LTD, to explore the ins and outs of non-qualified retirement plans, including a look at what your peer credit unions are doing, proper steps to implement your plans, legal risks to consider, and vendor due diligence.

Using 457 Plans to Recruit Top Executive Talent Posted in Operations and Infrastructure

Industry forecasts have predicted that as many as 20% of CEO posts will need to be filled at credit unions by the year 2010. Attracting top quality executives can affect the success of your credit union for years to come, but how should non-qualified retirement plans both satisfy the expectations of your top candidates as well as ensure that you’ve made a safe and sensible investment? In this podcast, we interview Rich Brock, Principal at Burns-Fazzi, Brock & Associates to explore the importance of 457 plans to the recruitment process, what your top executive candidates are expecting you to offer, and what you should expect when working with an experienced plan provider.

Supplemental Retirement Plan [457(f)] Remediation Posted in Finance and Insurance

Considering the looming competition for executive talent within the financial services sector, credit unions are strategically deploying non-qualified retirement plans, known specifically as 457(f) or Supplemental Executive Retirement Plans, to retain and recruit executive talent. Non-qualified retirement plans offer far greater benefits to credit unions then generally acknowledged and vary greatly in design, size and how they are used. But they are complex, and the regulations governing these plans can also change. In this podcast we interview Dave Emery, a Partner with Burns-Fazzi, Brock & Associates to address the overarching question that credit unions must continuously answer: whether or not each plan is accomplishing its goal of aligning incentives of the credit union and its key executives.

Have You Looked At Your Split-Dollar Retirement Plan Lately?

With the way that today’s markets are trending, everyone is looking nervously at their retirement accounts and plans.  Nothing is more unsettling than believing you’re all fixed for retirement, and then seeing you’re not, which is what many credit union executives with split-dollar retirement plans are finding out. Tax and accounting rules have changed the manner in which these plans function, with significant implications for the long term performance and risks. In addition, the IRS is requiring a review of these plans by year-end.