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Webinar: Don’t Tell Anyone…But You’re Planning Your Exit Strategy

As a CEO or senior executive, exiting your credit union for retirement requires planning years ahead of your last day, mainly because your exit planning is more complicated than the average  credit union employee. For example, you have various savings instruments available to you, each with its own funding frequency,…

How Credit Union Executives Can Optimize an Employer-Sponsored Retirement Plan

Nearly 80% of credit union 401(k) plan participants have all or some of the retirement savings going into a target-date fund. The concept is certainly attractive, offering an entire portfolio with automated rebalance features for those who are less comfortable with self-managing their investments. But is the target date fund…

C.U. Women Who Lead: Lessons Learned From Judy Tharp

Few careers start as uniquely as the career of “C.U. on the Show” guest Judy Tharp, retired president and CEO of Piedmont Advantage Credit Union. After finishing college, Judy came across a newspaper ad for -Cape Fear Employee Credit Union, a new start-up in North Carolina. While she had bookkeeping,…

C.U. on the Show: How One Credit Union League Shifted to Meet Growing Needs and Trends

It may be hard to imagine a time when credit unions didn’t offer member services like mortgages, ATMs, and debit cards. But the advent of those services represented a significant shift for credit unions and credit union leagues when the industry started rapidly growing. When larger institutions began to dominate…

How to Ask a Credit Union Board to Add or Expand Executive Compensation Benefits

On June 9, 2021, Posted by , In Financial Education, By , , With No Comments

As a credit union CEO or executive, have you ever struggled to bring up the topic of adding executive compensation benefits to your board members? Ideally, a credit union board would add these types of benefits unasked—and many do—as a way to incentivize and retain top executives. It’s also mathematically…

“C.U. on the Show” Podcast Showcases Expert Insights for Credit Union Leaders

As a credit union leader, you’re charged with continually finding new ways to modernize systems and practices and retain top talent, all while serving your members’ needs. At ACT Advisors, we wondered how we could fundamentally support the credit union mission by supporting the success of the executives, like you,…

What Credit Union Executives Should Consider Before Pursuing a Merger & Acquisition (Part 2)

One of the first steps in executing a successful merger and acquisition (M&A) is to find a suitable partner that meets specific financial, geographic, and membership growth opportunities. As “C.U. on the Show,” guest Harry Gunsallus explains, that partner can be another credit union—or a bank. While both a credit…

What Credit Union Executives Should Consider Before Pursuing a Merger & Acquisition

On May 5, 2021, Posted by , In Mergers and Acquisitions, By , With No Comments

You face many pressures as a credit union executive. You work to maintain steady membership growth and adapt to new technology and emerging trends. However, in some cases, there may come a time that a merger and acquisition (M&A) presents itself as an opportunity. Perhaps you’re trying to grow your…

How High-Income Earners Can Prepare for New Tax Laws

On March 25, 2021, Posted by , In Taxes, By , With No Comments

High-income earners have expressed concerns about potential new tax laws under the Biden administration that could affect their short- and long-term financial future. Many of the proposed policy changes will have significant implications for those earning more than $400,000 a year. As a credit union executive, you may fall into…