Why Target Date Funds are the Wrong Investment Vehicle for Many Credit Union Executives

Target date funds are popular for many 401(k) plan participants because they offer an investment strategy that automatically reduces risk as one approaches retirement. They’re especially effective for investors who don’t want to self-manage their retirement assets and younger investors under 50. Further, target date funds align with the needs of most credit union employees, […]

How Credit Unions Can Create a Modern Workplace in a Competitive Job Market

Throughout the pandemic, transition to virtual work, and subsequent Great Resignation, employees are reflecting on what’s important to them in the workplace as companies return to the traditional work environment. However, many employers are challenged with a growing number of employees, particularly women, leaving the workforce to pursue more flexible work terms that promote personal […]

How Female Leaders Can Stand Out in the Credit Union Movement

According to data released by the Credit Union National Association (CUNA), 51% of credit union CEOs are women. Still, women are less represented in the credit union workplace now than in the 1980s. Jill Nowacki and Judy Tharp join C.U. on the Show to discuss common workplace challenges women face, how employers can recruit more […]

Preliminary Steps for Credit Unions Acquiring Another Financial Institution

In the first part of this interview, Doug and Jeff Cardone discussed the process, requirements, and questions credit unions should address before entering into a merger or acquisition (M&A) transaction. In the second part of the “C.U. on the Show” episode, Doug and Jeff delve into the acquiring or buying side of M&As and what […]

Why Financial Planning is an Essential Executive Benefit for Credit Union Leaders

Traditional financial planning offers practical tools for rank-and-file employees; however, it simply doesn’t capture the full breadth of complex financial situations and compensation benefits a credit union executive has to manage in the C-suite. For example, beyond a standard 401(k), executives may also have a 457(b), 457(f), or split-dollar plan with different income distribution timings […]

Unlock 25% More in Assets With Personal Strategic Financial Planning

ACT Advisors is proud to release our white paper, The 125% Credit Union Executive, where we explain how financial planning is one of the least expensive benefits a credit union can provide its executives while significantly improving their financial outcomes — by as much as 25%. Executive benefits present many complexities that require personal financial […]

Executive Compensation Factors Credit Unions Should Evaluate Before a Merger or Acquisition

Has your credit union board considered partnering with a stronger credit union to expand your field of membership, improve the quality of your services, or mitigate financial concerns? Perhaps your board members and executives have already begun having informal conversations to see which institutions align best with your membership, employees, and community values. While it […]

Is Your CU Sub-Debt Approved?

Overlooking secondary capital in the subordinated debt (sub-debt) market could put your credit union behind when planned and unplanned investment opportunities arise. Jeff Cardone, Partner/Attorney at Luse Gorman, shares why your credit union may consider getting pre-approved for sub-debt sooner rather than later. Stream the Episode  What Subordinated Debt Is and How Credit Unions […]

How Credit Union CEOs Can Identify the Opportune Time to Make Bold Leadership Moves that Balance Personal Financial Risk

ACT Advisors today published a white paper for credit union CEOs analyzing how ambitious organizational decisions can potentially affect a CEO’s future employment—and personal finances—and how to strategically balance that risk with long-term simulation planning and executive benefits. Asheville, NC – ACT Advisors, a firm specializing in comprehensive financial planning for credit union executives, today […]

How Credit Union CEOs Can Make Bold Moves and Balance Personal Risk—At the Same Time

When is the appropriate time to undertake your boldest or most innovative projects? As a credit union CEO, you’ve likely considered how the risk of significant organizational changes may affect your future employment, and ultimately, long-term finances. These risks may arise from financial strain on your credit union or political challenges among your board. We’re […]