This event is FREE for CUES Unlimited and Unlimited+ Members
Tuesday, September 15, 2020
1:00 - 2:00 p.m. Central Time
Presenter: Brooks Berardi, Executive Benefits Specialist, CUNA Mutual Group
Traditional investments are coming due with high levels of liquidity. With interest rates demonstrating all-time low returns and a large influx of deposits emerging during these challenge times, what is your credit union to do with the excess cash on hand?
With predictions for declines in lending and other fee income said to continue well into the future, what can your credit union do to utilize alternative sources of income, as blessed by the the NCUA and are consistent with market-driven returns, to generate potentially better returns with additional risk?
Regardless of what happens, the show must go on...
Key Takeaways:
- Invest outside the limitations of Parts 703/704 to help offset expenses for executive and employee benefits—and your CU’s charitable donations.
- Invest in funding options such as Business-Owned Life Insurance (BOLI), annuities, trading stocks and bonds and FASB-compliant equities—with the possibility of increased returns but some additional risk.
- Structure a funding program that is compliant and fits with your strategic goals.
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