Kirk Kordeleski Money Talks Episode 9: Knowing Your Risk Tolerance

money talks with kirk kordeleski podcast logo

Talk about Hatfields vs. McCoys. In the world of credit union C-suite retirement planning there are two major competing scenarios. There are SERPs based on whole life policies. And there are IULs, indexed universal life plans. In this intro I am not going to tell you the difference. That’s because this is a complex topic […]

Persuading the Board on Executive Retirement Packages

convincing credit union board of directors of SERP value

The overall environment is gloomy, volatile, inflationary, and mired in recession. How can credit union executives work with boards to agree on market-rate executive retirement packages? It used to be that credit unions didn’t feel the heat of competition. They had a monopoly on their SEGs and there was general parity for technology across other […]

5 Generations of Credit Union Leaders, Compensation, and Recession

generations of credit union leadership

The times, they are a-changing. In fact, 5 generations ago, credit union leadership was completely different. Most leaders were volunteers with little expertise in running a financial institution. Today, leaders have more skills, experience, and support than ever. And, when it comes to finding a good credit union leader, you get what you pay for. […]

How the Current Rate Environment Impacts Credit Union Executive Compensation

interest rates effect on executive comp

Tim Strandquist, Executive Benefit Consultant at PARC Street Partners (formerly OM Financial Group), stopped by the CU Broadcast Studio Lounge to discuss how today’s rate environment is impacting executive compensation in the credit union industry. Very interesting discussion here with Tim… especially in the current executive turnover era we are in right now.  See the original […]

Thoughts on the CUES Executive Compensation Numbers

cues executive compensation numbers

According to CUES, the average total executive compensation rose by 14.9% over the last year. That’s stunning. Usually, we look for increases of 3–4%. But inflation, higher demand for talent, and overall asset growth are driving a remarkable rise in total compensation numbers. NAFCU’s data shows a slightly lower compensation increase at around 12%. However, […]