Press Releases

Burns-Fazzi, Brock Wins the 2014 NAFCU Services Corporation Innovation Award

August 25, 2014

Burns-Fazzi, Brock Wins the 2014 NAFCU Services Corporation Innovation Award
Executive Benefits Learning Series Sets Standard for Leadership Training

Charlotte, NC (August 25, 2014)—Burns-Fazzi, Brock announced today that it won a 2014 NAFCU Services Corporation (NSC) Innovation Award. The NAFCU Services Innovation Award is the credit union industry’s most recognized awards competition for groundbreaking solutions. Judged by the NAFCU Services Advisory Committee, comprised of credit union executives from around the country, the annual competition highlights outstanding innovations that help credit unions thrive in an increasingly saturated financial services market. Burns-Fazzi, Brock was selected for their introduction of its Executive Benefits Learning Series to the credit union community.

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We Moved!

August 25, 2014

New Headquarters and Phone Number

BFB's Charlotte headquarters has moved! Our new location features state-of-the art technology to better serve our clients. Plus, we now have one phone number with access to Charlotte headquarters and our corporate offices in California and Utah.

4600 Park Road, Suite 200

Charlotte, NC 28209


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Burns-Fazzi, Brock Acquires Executive Compensation Solutions

May 12, 2014

Combination increases market footprint and operational efficiencies
Charlotte, NC (May 12,2014)

Burns-Fazzi, Brock (BFB) announced today that Executive Compensation Solutions (ECS) and their clients are joining the BFB family.

“BFB and ECS are a perfect match in terms of culture and client focus, and this acquisition further solidifies BFB’s position as the pre-eminent provider of executive benefits and compensation consulting solutions to credit unions,” said David Frankil, BFB president. “Our expanded footprint and increased operational efficiencies will translate into unparalleled service for all of our clients, coast-to-coast. In addition to a wide range of solutions, ECS clients will have access to BFB’s industry-leading client service, administration and compliance monitoring.”

ECS clients will be served from BFB’s headquarters in Charlotte, North Carolina, corporate offices in Ogden, Utah and Los Angeles, California, and field offices throughout the United States.

“BFB and ECS have always shared a strong commitment to providing excellent solutions and client service to credit unions,” said Alec Berkman, founder and CEO of ECS. He added, “BFB has a long history of building strong relationships, and I’m confident in their ability to continue the exemplary ECS tradition.”

About Burns-Fazzi, Brock and Associates
Burns-Fazzi, Brock and Associates is the pre-eminent provider of executive benefits and compensation consulting services to credit unions, dedicated to providing solutions for the retention, reward and recruitment of executive talent. BFB also provides top-quality client service through its proprietary administrative platform and thorough compliance assistance. Founded in 1995, BFB is headquartered in Charlotte, North Carolina, with a corporate office located in Utah. BFB is also the National Association of Federal Credit Unions Preferred Partner for Executive Benefits and Compensation Consulting Services. More information is available at and

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Camp Tax Reform Draft Released February 26, 2014 MEMO

March 3, 2014

FROM:  Kirk D. Sherman &James S. Patterson SHERMAN & PATTERSON, LTD.
DATE:   March 1, 2014
RE:       Camp Tax Reform Draft Released February 26, 2014

Executive Summary
House Ways and Means Committee Chairman Dave Camp has proposed a revamp of the tax code. Three significant proposals affecting executive compensation are:
     • Imposing a 25% excise tax on any tax‐exempt organization on compensation in excess of $1 million that it pays to any of its top five executives,

     • Eliminating 457(b) plans for non-­governmental tax-­exempt employers, and

     • Taxing deferred compensation of all employers (taxable or tax-­exempt) as soon as there i no substantial risk of forfeiture.

We have found nothing that would affect loan regime split dollar.

Whether or when these proposals would become law is uncertain, but it appears unlikely to happen this year.

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Tyler Talbot Is New BFB Regional Vice President

August 1, 2013

CHARLOTTE, NC     BFB has named Tyler Talbot as its new Regional Vice President. Tyler will be responsible for ongoing benefit plan administration and compliance supervision.

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