Are generous pension plans for credit union executives only for those who work in the biggest institutions, the ones at the billion dollar plus credit unions?
Do only the rich get richer? What about the many executives toiling in the thousands of smaller credit unions?
Much of the discussion in past shows in this Money Talks series with Kirk Kordeleski has in fact been focused on pension options for the senior most executives at the biggest credit unions.
Now for something completely different. In this show Kordeleski muses on his hopes and plans for bringing meaningful pension options to credit union c-suite executives at much smaller institutions.
This is not pie in the sky. These are real, tangible plans that Kordeleski is hashing out.
He’s honest and realistic. It’s not straightforward to plan meaningful retirement options for executives in credit unions smaller than $100 million. They typically do not have the capital. But even in this case Kordeleski has thoughts on what could happen to bring solid retirement plans to executives in these institutions.
He has even more solid ideas about how to fund retirement plans for executives in institutions from $100 million to $500 million in assets.
And for those working at institutions in the $500 million to $1 billion range there are plenty of options, says Kordeleski.
Want to read Kordeleski's white paper on bringing SERPs to more and smaller credit unions? Click here
Listen up.
This show is in a Money Talks series where credit union compensation is untangled. This show will help some executives negotiate better pay packages and will also help some board members understand the ways in which 2023 credit union compensation is utterly different from 1993 comp plans, even 2013 plans because now competition for talent is so much fiercer.
Hear episode one in Money Talks here. Episode 2 is here. Episode 3 is here. Episode 4 is here. Episode 5 is here. Episode 6 is here. Episode 7 is here. Episode 8 is here. Episode 9 is here. Episode 10 is here. 11 is here. Episode 12 is here.
Want to know more about SERPs - or other matters raised in this podcast? Email Kordeleski Kkordeleski@om-financial.com
Have suggestions for topics to explore in this show? Email me, Robert McGarvey - rjmcgarvey@gmail
Are generous pension plans for credit union executives only for those who work in the biggest institutions, the ones at the billion dollar plus credit unions?
Do only the rich get richer? What about the many executives toiling in the thousands of smaller credit unions?
Much of the discussion in past shows in this Money Talks series with Kirk Kordeleski has in fact been focused on pension options for the senior most executives at the biggest credit unions.
Now for something completely different. In this show Kordeleski muses on his hopes and plans for bringing meaningful pension options to credit union c-suite executives at much smaller institutions.
This is not pie in the sky. These are real, tangible plans that Kordeleski is hashing out.
He’s honest and realistic. It’s not straightforward to plan meaningful retirement options for executives in credit unions smaller than $100 million. They typically do not have the capital. But even in this case Kordeleski has thoughts on what could happen to bring solid retirement plans to executives in these institutions.
He has even more solid ideas about how to fund retirement plans for executives in institutions from $100 million to $500 million in assets.
And for those working at institutions in the $500 million to $1 billion range there are plenty of options, says Kordeleski.
Want to read Kordeleski's white paper on bringing SERPs to more and smaller credit unions? Click here
Listen up.
This show is in a Money Talks series where credit union compensation is untangled. This show will help some executives negotiate better pay packages and will also help some board members understand the ways in which 2023 credit union compensation is utterly different from 1993 comp plans, even 2013 plans because now competition for talent is so much fiercer.
Hear episode one in Money Talks here. Episode 2 is here. Episode 3 is here. Episode 4 is here. Episode 5 is here. Episode 6 is here. Episode 7 is here. Episode 8 is here. Episode 9 is here. Episode 10 is here. 11 is here. Episode 12 is here.
Want to know more about SERPs - or other matters raised in this podcast? Email Kordeleski Kkordeleski@om-financial.com
Have suggestions for topics to explore in this show? Email me, Robert McGarvey - rjmcgarvey@gmail