Managing benefit costs can be one of the most challenging aspects a Credit Union CFO's role. Rising healthcare expenses, regulatory changes, and the need to remain competitive in the labor market make it difficult to balance employee benefits with financial performance. CU Benefit’s Prefunding Program offers an innovative solution that addresses these challenges head-on.
Why Prefunding Makes Financial Sense:
- Predictable Budgeting: Prefunding provides a consistent and predictable method for funding employee benefits, helping CFOs manage costs more effectively.
- Enhanced Investment Returns: The program allows CFOs to invest funds set aside for benefits, generating returns that help offset rising costs.
- Compliance and Flexibility: CU Benefit’s solution is fully compliant with NCUA regulations, ensuring your credit union remains on the right side of the law while enjoying the financial benefits of prefunding.
By taking advantage of CU Benefit’s Prefunding Program, CFOs can gain greater control over benefit costs, improve financial ratios, and strengthen the credit union’s financial health. It’s a strategic move that delivers immediate savings and long-term financial stability.
Learn more and receive your complimentary evaluation based on your credit unions NCUA Data by booking time to meet with CU Benefit expert today by simply emailing Michelle Griffith at michelle@omniscg.com or booking time here
Written by Michelle Griffith, OMNISolutions Consulting Group www.omniscg.com
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