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 on SERPs, IULs, and What You Probably Don't Know
Call this podcast what you think you know about SERPs but that’s not fact.
Two truths are plain: senior credit union executives want to secure their retirement much as their for profit sector peers do AND there just is a lot of confusion about SERPs - supplemental retirement plans.
A big reason for this show is that in it Kirk Kordelesi, onetime CEO of Bethpage Federal Credit Union, one of the nation’s largest, and now a partner with PARC Street, shines a bright light on how split dollar, whole life SERPs work and how they differ from IUL plans, Index Universal Life.
A bottomline difference is that a split dollar SERP will produce a stable return whereas there is structural variability built into the results an IUL will produce.
Find out more about that in this webinar with expert Bobby Samuelson and PARC Street Partners.
Dive deeper into what Kordeleski has said about executive retirement plans in credit unions in the two dozen plus podcasts we’ve recorded. Consider this must listening for credit union c-suiters, board members, and also executive recruiters.
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