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Executive Benefit Plans to Recruit, Retain and Reward. CONTACT US
Loan Regime Split Dollar: The Importance of a Plan Document
You are the CEO of a thriving credit union. Your leadership has put the credit union on solid financial footing. Your regulators are happy with the way you’re running things, your membership is growing, and your board of directors wants to keep you around for a long time! So they’ve decided to reward your efforts by offering you a loan regime split dollar plan (or “LRSD”), which is also known as collateral assignment split dollar (or “CASD”). Under current tax law, this type of Executive Benefit Plan provides tax free income to you while you are employed and/or while you are retired.
So how does this type of plan work?
Years of experience working directly and exclusively with Credit Unions.
We create strategies that are tailored to your needs and goals.
Trust. Honesty. Integrity. We believe values matter, and we live by ours every day.
The Sheeter Group works exclusively with Credit Unions creating Executive Benefit Plans to recruit, retain and reward top-notch talent. We also design Expense-Offset Plans and specialized Director benefits.
These are our strengths:
EDUCATION. Your decision-makers move forward with confidence when they are knowledgeable. Get informed in plain English.
PLANS. Your Credit Union is unlike any other. We get it. We offer tailored plans, unique to your Credit Union.
COMPLIANCE. We know what regulators want, today and ongoing. Their preferences can be a moving target and we keep you informed.
SERVICE. Credit Unions leave other providers to come to us. We have never lost a client to a competitor.
Executive Vice President
Regional Sales Manager
VP of Plan Design and Administration
Sr. Sales Analyst
VP of Administration
VP of Client Experience
Associate Director of Marketing