Tuesday, September 15, 2020
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...
- 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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About the Presenter:
Executive Benefits Specialist
CUNA Mutual Group
Brooks is an executive benefits specialist for CUNA Mutual Group, a
company that specializes in the strategic program design, implementation, financing and administration of executive benefits programs, as well as funding solutions tailored to credit unions for employee benefits and charitable donations.
Brooks works with credit unions in the West Region and brings over 11 years experience in the financial services industry. Prior to joining CUNA Mutual Group, he was a Senior Internal Wholesaler with MetLife Investors. He was also a Registered Investment Advisor and Life Insurance Agent within a high net worth boutique investment advisory firm in Portland, Oregon.
Brooks holds a Bachelor of Science in Business Administration and a minor in Economics from the University of Oregon. He is FINRA securities registered and holds life, health and variable annuity licenses.
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