NAFCU Services | Compensation and Severance Plan Rule Changes May Impact Your Credit Union

Upcoming IRS regulations may require changes to your nonqualified deferral plans and severance plans. Kirk and Jim explain more on the NAFCU Services blog.

NAFCU | Attracting and Retaining Executive Talent with Fair and Reasonable Compensation

Kirk presented with Rich Brock on executive compensation and retention.

NAFCU | Executive Benefits: Maximizing Recruitment, Retention, and Rewards within NCUA Rules

Kirk presented with Rich Brock at NAFCU's CEOs and Senior Executive's Conference.

CA/NV CUL | Snake Oil Or Liquid Gold? A Board’s Guide To Due Diligence For Loan Regime Split Dollar

Jim and Kirk wrote a piece for the California and Nevada Credit Union Leagues on loan regime split dollar. PDF

CU Times | Board Guide to Loan Regime Split Dollar

Kirk writing at CU Times:

Is loan regime split dollar snake oil or liquid gold? How is a board to know? If it works, LRSD is a powerful tool for compensating key executives and preserving credit union assets. If it doesn’t work, the costs to the credit union and the participating executives are high.

The purported advantages over traditional nonqualified deferred compensation plans have led directors to consider LSRD. But boards can find LRSD due diligence daunting. However, like eating the proverbial elephant, the diligence due is more easily pursued in a series of small questions.

CU Business | Loan Regime Split Dollar

Kirk wrote an article on loan regime split dollar with Chris Fazzi.

Not long ago, shouting “split dollar life insurance” was a sure way to empty a crowded room of credit union directors and executives. However, thanks to law clarifications, product enhancement, the current low interest environment, and administration improvements, loan regime split dollar is now attracting positive board and executive attention.

Download the PDF