X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ALEXANDRIA, Va. — For 87 years, the National Active and Retired Federal Employees Association has carried out its mission to protect and improve the retirement benefits of federal retirees, employees and their families.

So when $120 million NARFE Premier Federal Credit Union started searching for other solutions that could help diversify its 10,000 members’ retirement plans, it was important to have an offering that would allow nest egg savings to be stretched into income distribution over a long period of time, said Todd Hoepker, senior vice president, strategy and market development at NARFE Premier. For one, most of the credit union members participate in the thrift savings plan, a retirement savings and investment plan for federal employees. However, the plan does not have an annuity option, which is something members had been asking about.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.