Credit Union Owned Life Insurance (CUOLI) - The Great Misperception

What Every Credit Union Stakeholder Needs to Know about BOLI (CUOLI) and Why the Product Should be Avoided

Date: Thursday, November 30, 2023 | Time: 1:30pm-2:00pm (EST)


Over the past ten years or so, while record low interest rates ruled the world, BOLI (Bank-Owned Life Insurance) made its way into the credit union marketplace in the form of CUOLI (credit union-owned life insurance). No matter the names; BOLI, COLI, or CUOLI... each are the same. They are life insurance policies.

As tax-exempt entities, credit unions receive no economic benefit whatsoever from the tax deferred cash value accumulation feature of life insurance. Life insurance products come with many different kinds of “gotchas” and BOLI (CUOLI) is no exception. As a credit union, you can do better.

In this webinar, we'll review:

  • The hidden "gotchas" associated with CUOLI and why credit unions should be cautious.
  • Why owning BOLI may not be the best strategy for credit unions, especially in light of potential risks.
  • Discover alternative investment options that align better with credit union needs.

Don't miss this opportunity to broaden your perspective on financial management for credit unions. Register today and be part of this eye-opening discussion.

Matthew P. Butler, ChFC - Founder & Managing Principal

About the Speaker

Matthew Butler, Founder of Elite Capital Management Group

Matthew Butler is the founder and managing principal of Elite Capital Management Group. He has dedicated over three decades of his career to finance, with a focus on working exclusively with credit unions. Butler established Elite Capital in March 2007 to fill a significant gap for credit unions - access to institutional money management free from the constraints of insurance-based products and retail investment expenses. Matthew believes the importance of providing these services to credit unions is greater than ever before, which continues to drive his
passion and entrepreneurial spirit.

About Elite Capital Management Group:
We Pioneered The Concept Of Employee Benefits Pre-Funding In The Credit Union Space More Than A Decade And A Half Ago.

Originating from the idea that credit unions lacked access to institutional investments, and that insurance policies written for banks were a poor solution for credit unions, we launched the Elite Yield Enhancement Pre-Funding Program® in 2007 and have grown to be one of the largest providers of non-insurance based §701.19C investment programs in the United States.