Credit Unions

Support Your Team and Bottom Line

We know that credit unions are challenged with limited investment options, low yield on assets and retention of key employees in a competitive marketplace.

Together, we will develop a customized program:

  • To meet the needs of both the credit union and the executive
  • To implement cost effective and successful plans
  • Help your organization attract the best and brightest talent in the industry

Solutions Include:

Your Organization Depends on Steady Leadership

More and more executives are approaching retirement age. For credit unions and nonprofits, finding ways to attract, reward and retain top leadership and key personnel is a high priority.

Offering a supplemental executive retirement plan (SERP) can be a valuable solution. As nonqualified plans, SERPs avoid many of the limitations and requirements of qualified plans such as 401(k)s.

Your organization can configure your plan to the needs of specific executives and highly compensated employees in your organization while ensuring the plan is aligned with your financial objectives.

  • Nonqualified Deferred Compensation Plans

    Create a more attractive benefits package by offering a 457(f) plan to provide retirement income
    and death and disability benefits to key employees. Your organization owns and controls the plan
    and carries the cash value as an asset on its balance sheet.

  • Collateral Assignment Split Dollar Plans

    Support long-term retention of top-level staff with a cash-value life insurance policy. The credit union pays the premiums on the policy, which are considered a loan to the insured. This arrangement can provide tax-free income to the executive in retirement while generating income for the credit union.

  • Executive Bonus Plans

    These flexible plans offer a variety of benefits to support both short-term recruitment goals and long-term retention of key people.

By participating in a Multiple Employer Aggregation Plan (MEAP) or a Pooled Employer Plan (PEP), employers can avoid much of the compliance concerns that come with offering their own plan. Each employer continues to select its own provisions, but many of the fiduciary and administrative tasks transition to the sponsor. The result is the plan delivers significantly more value and services at similar or less cost than they are already paying.

  • Charitable Donation Accounts

    The National Credit Union Administration and most states allow credit unions to invest up to 5% of their net worth in investments that are not ordinarily permitted, provided these funds are used for charitable giving to 501(c)3 nonprofit organizations.

    Depending on the investment product and amount, assets in a Charitable Donation Account (CDA) can provide significantly higher yields compared to traditional credit union investments.

  • Prefunded Employee Benefit Plan

    While the costs of health care and employee benefits are rising, investment returns are stagnant or in decline. As the gap widens between benefits expenses and portfolio returns for credit unions, it’s time to reconsider funding those benefits from operating income. Prefunding employee benefits can help credit unions offset benefit program expenses, so they are able to offer more comprehensive benefits packages and expand investment options.

    Cover the rising costs of these types of employee benefits with prefunding:

    • Health care expenses, including post retirement benefits

    • Dental and vision premiums

    • Health Savings Account contribution

    • 401(k) matching contributions

    • Group life and AD&D insurance premiums

CourseMark – A Different Kind of CUSO


We are advisors with credit union expertise and first-hand knowledge about your business model. We have leveraged that expertise to develop a unique selection of investment products and solutions that are cost-effective, transparent, risk-averse, and precisely tailored to credit unions.


We offer custom investment solutions for a benefits pre-funding approach designed to enhance your credit union’s bottom line. Our innovative program creates a new revenue stream for your credit union’s equity owners via CUSO-ownership dividends.

CourseMark Can Be Your Guide

View Transcript