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The CU2.0 Podcast
This podcast explores contemporary, critical thinking and issues impacting the nation's credit unions. What do they need to be doing to not just survive but prosper?
The CU2.0 Podcast
CU 2.0 Podcast Money Talks with Kirk Kordeleski
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What happens when an executive who is seeking a SERP plan to sweeten his/her retirement years is turned down for life insurance - which is the bedrock that supports many SERP plans?
And people do get turned down for life insurance due to health issues. Anything from cancer to obesity.
On the show today is Kirk Kordeleski, onetime CEO of Bethpage Federal Credit Union, one of the nation’s largest, and now a partner with PARC Street, where the focus is on matching executives and credit unions with appropriate SERP packages.
He explains a work-around that still allows the executive to get that SERP.
Know that now probably 95% of larger credit unions offer SERPs, at least to the CEO, often to a handful of c-suiters. What’s the story at the other 5%? Kordeleski tells in this show.
He also talks about mergers, recent CEO terminations (more keep happening), and the continuing war for talent that means more and more credit unions need to look at adopting SERP packages.
Listen up.