The credit union opportunity

first_imgEmployee benefits are a large part of every credit union’s expenses.  In today’s competitive labor market, credit unions understand that benefit packages have the power to attract, reward, and retain the best and the brightest.  But the cost of employee benefits is ballooning at an alarming rate, leaving credit unions struggling to keep pace.The Reality:  Annual employee benefit costs have grown an average of 5.6% a year over the last 10 years, including a rise of 5.3% from 2014 to 2015.  As a matter of fact, benefit expenses have risen more than 5% for 19 of the past 25 years.  Health insurance premiums alone have risen a whopping 70% over the last 10 years, and have nearly tripled since 2000.The Opportunity:  Fortunately, there is a way for credit unions to keep up. NCUA Rule 701.19(c) allows credit unions to pre-fund all or part of their future employee benefit obligations through investments that would normally be impermissible, such as equities, corporate bonds, and mutual funds, which have historically provided a return on investment more likely to match increases in employee benefit expenses.  Passed in 2006, it’s absolutely mind-boggling that only 1 out of every 5 credit unions across the country are taking advantage of this opportunity.  However, the number of participants will continue to rise as benefit costs increase, credit unions seek investment yields higher than their standard investment portfolio, and as credit unions look to further diversify their overall investment portfolio. continue reading » 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Bayern players big game drinking prep wows US rock star Jovi

first_img Promoted Content7 Black Hole Facts That Will Change Your View Of The UniverseWho Is The Most Powerful Woman On Earth?9 Facts You Should Know Before Getting A TattooThe Best Geek Movies Of All TimeTop 9 Scariest Haunted Castles In EuropeBest & Worst Celebrity Endorsed Games Ever Made7 African Actresses With Thick Skin Who Got Famous In Hollywood6 Extreme Facts About Hurricanes10 Risky Jobs Some Women Do7 Of The Wealthiest Universities In The WorldWhich Country Is The Most Romantic In The World?Ever Thought Of Sleeping Next To Celebs? This Guy Will Show You Read Also: Willian claims he could leave Chelsea“The Bayern guys were certainly sipping whisky and having a good ol’ time – and they went and shellacked Chelsea,” said Jovi.“I am going to get everyone in trouble.”The second leg takes place on Wednesday March 18 at the Allianz Arena.FacebookTwitterWhatsAppEmail分享 “I was minding my own business in the bar,” Bon Jovi said. “And the team were in there the night before last (Monday) and how they, on the power of whisky and beer, overpowered Chelsea last night doesn’t say much for Chelsea’s drinking habits either.” Jovi, whose biggest hit was the 1987 single ‘Livin On A Prayer’, joked his indiscretion might get some of the players into hot water. Loading… Bayern Munich’s 3-0 Champions League last 16 first leg victory over Chelsea on Tuesday made an impression on US rock star Jon Bon Jovi for the relaxed way the German side prepared for the game. US rock star Jon Bon Jovi has marvelled over Bayern Munich’s performance in beating Chelsea 3-0 when they had been drinking whisky on the eve of the match The 57-year-old is in London to record a special song for Prince Harry’s Invictus Game Foundation for military veterans. He told radio station Talk Sport on Wednesday he had been in his hotel bar on Monday as had the Bayern players.Advertisementlast_img read more