CU 2.0 Podcast Greatest Hits #6 Matthew Butler on Charitable Donation Accounts

Send us a Text Message.Welcome to the CU 2.0 Podcast Greatest Hits show.There are over 300 shows in the library and yet a reality in the podcast business is that few of us ever even look at more than maybe the half dozen most recent shows. That’s why we are going to resurface some of the best and most popular shows as Greatest Hits.This is show #6 Matthew Butler on Charitable Donation Accounts and, no, I hadn’t heard of it either until I talked with Butler.I like it when people bring me something I hadn’t heard of it so I put him on the show.Now I’m resurfacing it as Greatest Hit #7.Here’s why: a CDA allows a credit union to make investments in otherwise impermissible vehicles where the kicker is that 51% of returns have to be distributed as charitable donations (that presently means a 501 C 3).  But the credit union can retain the remaining 49% for its own uses.Why isn’t your credit union doing this? Probably because you had never heard of it either.And now you have.Listen up.