Money Concepts Teaches Credit Unions To Prepare Members For Unprecedented Roth Conversion Opportunities

Contact: David C. Frankil

Barry Dayley
561-472-2000 ext. 5050


WASHINGTON — NAFCU Services Corporation ( today announced the release of a free webcast created with their Preferred Partner, Money Concepts International, Inc., “Preparing Your Members for the Unprecedented Roth Conversion Opportunities.” The webcast discusses nine timely reasons for credit union members to convert their traditional individual retirement account (IRA) to a Roth IRA.

The 17-minute webcast recording and corresponding handouts are available at

In the webcast, wealth management expert and Money Concepts Executive Vice President Barry Dayley reviews some extraordinary incentives for credit union members to consider converting their funds into a Roth IRA in 2010. He explains how the current market provides a low-cost conversion opportunity with potentially significant savings in tax dollars and shows how to benefit from the tax-free stretch.

“Credit union members who have experienced loss on their traditional IRAs should consider taking advantage of paying tax on a much lower amount of money. When the market comes back, members can then transfer funds tax-free into a Roth IRA,” explains Dayley. “This opportunity in 2010 is without limitation since this year the Roth conversion is available to anyone regardless of income, when in the past there has been a $100,000 income requirement.”

Dayley urges credit unions to be proactive in providing financial guidance to members in order to take advantage of this timely opportunity, whether by offering financial planning and wealth management services or organizing Roth conversion seminars and workshops.

“The new laws that have opened eligibility for converting to a Roth IRA are unprecedented,” said David Frankil, president of NAFCU Services Corporation. “Credit unions that are diligent in educating their members about this unique opportunity will see immediate benefits.”

About Money Concepts International, Inc.

Money Concepts International, Inc., a preferred partner with NAFCU Services, provides a turn-key wealth management business model, true ownership of the business, independent & non-proprietary products, integrated technology platform and staff training and education through Money Concepts University. The firm was founded in 1979 and its concepts and the acceptance of their ideas have resulted in dynamic growth with over 700 offices worldwide. For more information, please visit


About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry’s leading solutions providers to offer value-added products and services at a discount to credit unions. Currently, it offers 28 Preferred Partner programs to the credit union community, and maintains the credit union locator website, For more information about NAFCU Services Corporation, please visit

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