TriscendNP specializes in working with credit unions to design executive benefit programs that allow the organizations to maintain a stronger balance sheet by transforming an expense into an asset.

Credit unions play a critical role in ensuring a fair, transparent, and competitive marketplace for consumer financial products and services. Managing expenses is of paramount importance to their mission and organizational well-being.

Increasingly, credit unions are feeling the pressure to grow earnings and maintain high levels of statutory capital while attracting the best and brightest executives. Historically this has been accomplished using defined benefit plans, which require the recording of significant liabilities on their balance sheet.

The TriscendNP Secured Split Dollar Program benefits credit unions by taking an innovative new approach to meet the goals of executive retention and a healthy financial statement. By designing and implementing a customized plan that does not create a liability for the credit union, the program’s design allows for the recording of assets in the first year of implementation. The net result is the retention of key talent and a return of capital plus accrued interest in the future to the organization. The program is flexible and can work either in concert with, or as a replacement to, existing plans.

  • Enhanced balance sheet treatment; transforms what has traditionally been an expense into an asset
  • Unique design and program efficiency often requires less capital from the institution while maintaining the desired level of incentive for the employee
  • Institutional capital investment is returned, which can include interest
  • Demonstrates more responsible stewardship of financial resources and support of the institution’s longer-term mission
  • Affords more favorable Form 990 reporting

For additional information or to request a complimentary consultation to discuss the benefits of the TriscendNP Secured Split Dollar Program for your organization, please contact us.

Secured Split Dollar is a service mark of TRISCENDNP.

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