Implications of the Tax Act for Credit Unions and Executives: Important Considerations

by | Mar 1, 2019 | Blogs

David Wright
In the recently-enacted Pub. L. 115-97, also known as the “Tax Cuts and Jobs Act” (the Act), many tax-exempt (non-profit) organizations – including credit unions – are now subject to a substantial new tax placing limits on their ability to recruit, compensate and retain senior leadership talent. While penalizing employers for providing certain levels of otherwise reasonable compensation is not a new concept for publicly-traded companies, it is unprecedented in non-profit organizations and will require some adjustment to existing compensation and retention strategies.

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About the Author: David Wright

Mr. Wright is a co-founder and serves as Chief Strategy Officer with primary responsibility for strategy and business development and has served in this capacity for 20 years. Areas of expertise include business development, compliance, business transactions, and financial and accounting topics. Contact or learn more about David >>