What We Do
The expertise, creativity and partnership to help you win the race.
In any race, it’s good to have a fast runner. In a relay race, however, you need fast runners and a plan to successfully pass the baton. Even the four fastest runners can find themselves in last place if the handoff goes poorly.
Your credit union isn’t running a sprint, it’s running a never-ending relay race in which each leader must positively transition into the next. It’s not enough to just make the right hire, you have to have the right succession plan. Supplemental Executive Retirement Plans, executed by PARC Street Partners, is that plan.
Supplemental Executive Retirement Plans for Credit Unions and Non-profits
Do you need to retain a critical executive? Is it time to reward your best leaders? Are you looking for the executives that will take you to the next level? Are you approaching a leadership transition?
Almost all credit union boards are faced with one of these questions, and if that describes your credit union or non-profit, a SERP might be the answer.
As a non-qualified supplemental retirement plan that is flexible in the amount that may be provided, SERPs allow organizations to attract and retain the best people. Credit Unions, universities, hospitals and other non-profits who are used to seeing their top talent wooed away by lucrative incentives in the for-profit sector can compete with a SERP.
Time to start running on a level playing field.
PARC Street Is Your SERP Guide
Credit Unions and non-profits are not like other businesses. They need solutions tailored to their industry. PARC Street Partners understands credit unions and their boards at the strategic level and we create unique and conservative plans that fit the specialized needs of our customers.
Credit unions understand how to serve their members. We take pride in serving them with the same understanding and dedication.
How SERPs Deliver
They’re flexible within a credit union or non-profit’s budget
They comply with NCUA and IRS regulations
They provide an outstanding permissible investment opportunity
They attract, retain and reward critical employees
With a SERP, the executive owns the policy
The credit union pays the premiums and is repaid by the policy
They offer tax-free death benefits for beneficiaries and tax-preferred income with control of distributions
Ready to Learn More?
A SERP from PARC Street Partners is the plan you can afford that helps you keep the talent you can’t afford to lose. These plans are complex and to make sure you understand the ins and outs, we host weekly webinars on all the elements of SERP design and execution.
