Recently, there have been articles in the media that talk about a purportedly new and secure way to deliver tax free executive retirement income and a tax free death benefit. This supposedly superior solution to credit union executive retirement needs suggest that everybody wins.
Dont get distracted by the Washington bureaucrats that deaden the brain and your creative thinking. Build business plans that have accountability and responsibility to members.
Dont get distracted by the Washington bureaucrats that deaden the brain and your creative thinking. Build business plans that have accountability and responsibility to members.
Credit unions have seen quite a bit of membership growth over the last yearmuch of it due to the consumers disdain over the poor reputation commercial banks have earned lately. Credit unions, to their credit, have profited from this consumer windfall and are now showing many of these new-found members...
The bond price bubble will eventually pop as rates rise, creating potential for the next crisis: a one-two punch of deposit withdrawals and negative spreads as hundreds of credit unions fall short of the earnings needed to compete on deposit rates.
