MADISON, Wis. – CUNA Mutual Group said it has developed a new online resource to help credit unions keep their employee and executive benefits funding programs compliant with NCUA regulations.
The e-Book titled, “Create A Robust, Compliant Funding Program for Employee and Executive Benefits: Using the Online NCUA Examiner’s Guide,” was created by CUNA Mutual Group, in collaboration with CUES. CUNA Mutual Group is a CUESolutions Platinum provider.
According to CUNA Mutual, the e-book helps credit unions avoid difficult and time-consuming NCUA examinations and to navigate the online NCUA Examiner’s Guide and interpret key sections relating to employee and executive funding programs.
“Making investments to fund credit union employee and executive benefits programs can be very complicated, because many credit unions have little or no experience with the types of investments that NCUA rules allow to fund these benefits,” said John Pesh, director of executive benefits for CUNA Mutual Group.
‘In-Depth Analysis’
The NCUA published the online guide in late 2016, but Pesh said in a statement many credit unions aren’t aware of it or have only taken a cursory look at it. “In addition to helping credit unions find relevant information in the NCUA Examiner’s Guide, the e-Book also includes in-depth analysis based on CUNA Mutual Group’s decades of experience assisting credit unions with these benefit programs.”
Pesh said CUNA Mutual Group wants credit unions to not just use the NCUA Examiner’s Guide to cruise through examinations. “Use it to build a strong, compliant program that adapts to changes in the coming years—across multiple turnovers in your board and C-suite—so you can attract and retain the best talent in the financial services marketplace.”
The e-Book can be downloaded here for free.