Source: Shutterstock
By nature, credit unions are people centric. From the members to the staff to the community, credit unions represent a mission to serve their stakeholders. The NCUA offers two specific solutions to help institutions achieve this mission: Employee benefits prefunding (EBPF) and charitable donation accounts. These non-traditional investment portfolios are intended to help credit unions fund expenses associated with non-monetary compensation and charitable giving. With access to investments outside traditional 703 constraints, credit unions can tap into high quality assets that historically have generated returns in closer alignment with rising expenses on employee benefits and help support financial commitments to the community.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
