Gallagher is a leading compensation consultant to credit unions. Since 1995, it has provided an increasingly wide range of retirement benefits and other compensation-related services to credit union executives, directors and employees. The organization aims to help credit unions recruit, reward and retain its talented executives.
Gallagher’s broad expertise in the complex tax, accounting, legal, regulatory, funding and administrative issues that govern the use of benefits/compensation programs by financial institutions allows it to deliver a wide range of solutions to its clients.
Gallagher and NAFCU Services co-sponsor the NAFCU Executive Compensation & Benefits Survey of credit unions annually. Every participating credit union receives a copy of the summary report at no cost. The survey is conducted by independent research firm Clark Research Associates, LLC.
The 2020 NAFCU Executive Compensation and Benefits Survey report is now available. For more information about the study and to get copies, please email Liz Santos.
Their Executive Benefits Learning Series helps credit unions understand effective methods for executive compensation and benefits to help recruit, retain, and reward their executive team. Complex topics in executive benefits and compensation are broken down into tax, accounting, legal, regulatory compliance, funding, and administrative concepts allowing credit unions to increase their knowledge and gain free practical advice. The innovative series consists of monthly, free live webinars which are recorded and archived for future reference.
Add to Calendar2020-10-15 14:00:002020-10-15 14:00:002020 NAFCU–Gallagher Executive Compensation and Benefits Report
About the Webinar
Every year for more than a decade, NAFCU and Gallagher have teamed up to provide a comprehensive executive compensation and benefits report. This year’s report contains data for CEOs and executives from more than 550 credit unions around the country. Join your colleagues for insights, trends, and helpful tips on reading the data tables. You’ll learn:
How to adjust compensation levels for performance and other key metrics
How to develop an executive benefit program
What key trends affect your retention strategy
Webinar attendees will receive a complimentary copy of the report.
Watch the Webinar On-Demand
WebNAFCUdigital@nafcu.orgAmerica/New_Yorkpublic
Add to Calendar2020-07-23 14:00:002020-07-23 14:00:00Excise Tax Update: Recent IRS Changes and Proposed Regulations
About the Webinar
The 2017 Tax Cuts and Jobs Act included a new Section 4960 that levied an excise tax on tax-exempt entities like credit unions. The excise tax, paid by the credit union, applies for covered employees on (1) remuneration in excess of $1 million and (2) excess parachute payments for highly-compensated employees. As expected with such wide and sweeping legislation, there were points of Section 4960 that needed further clarification. Until final regulations could be issued, the IRS allowed an organization to use its own reasonable, good faith interpretation of the statutory rules and guidance provided in IRS Notice 2019-09.
Recently, the IRS issued proposed regulations which provide needed clarifications and some new exceptions. While the proposed regulations are consistent with much of the previously issued guidance, the nuances of the new guidance and general complexity of the rules warrant careful review to ensure a credit union is fully prepared for compliance. Join us as we walk through the proposed regulations to understand the impact on your credit union’s bottom line.
Watch the Webinar On-Demand
WebNAFCUdigital@nafcu.orgAmerica/New_Yorkpublic
Add to Calendar2020-07-16 14:00:002020-07-16 14:00:00Benefit Liability Management: Offsetting Employee and Executive Benefit Expenses
About the Webinar
Benefit Liability Management isn’t a new concept in the credit union industry, but the current financial environment is prompting many credit unions to take a second look at it. Sometimes called Benefits Pre-funding, it is simply purchasing an otherwise impermissible investment to offset employee and executive benefit expenses. Before implementing Benefit Liability Management, several key questions must be considered. While there is no right or wrong answer, it’s important to note that each credit union must carefully decide what’s appropriate for their particular situation and their membership. Join this webinar for an overview of Benefit Liability Management and discussion of these key considerations:
1. Which otherwise impermissible investment is right for my credit union?
2. What investment options are available?
3. What is the accounting treatment?
4. What compliance review is needed?
5. Is it necessary to use a firm to implement benefit liability management?
Watch the Webinar On-Demand
WebNAFCUdigital@nafcu.orgAmerica/New_Yorkpublic
Add to Calendar2020-05-07 14:00:002020-05-07 14:00:00Executive Benefits Overview: Navigating Today’s Market
About the Webinar
When properly designed and serviced, executive benefits are an effective tool in retaining your key leaders. Executive benefits help maintain a leadership continuity that enables you to meet challenges, achieve strategic goals, and grow your organization. Join us for an overview of executive benefits: strategies, funding options, regulatory compliance, and the effect of today’s financial market.
Watch the Webinar On-Demand
WebNAFCUdigital@nafcu.orgAmerica/New_Yorkpublic
Gallagher and NAFCU Services co-sponsor the NAFCU Executive Compensation & Benefits Survey of credit unions annually. Every participating credit union receives a copy of the summary report at no cost. The survey is conducted by independent research firm Clark Research Associates, LLC.