Long-term growth and stability are the ultimate goals for any credit union CEO or CFO. One often-overlooked strategy for achieving these objectives is prefunding employee benefits. CU Benefit’s Prefunding Program offers a way to create a sustainable, predictable funding source for benefits while generating additional income to support your credit union’s growth.
How Prefunding Supports Growth:
- Increased Profitability: By generating returns on prefunded assets, your credit union can increase profitability, providing funds that can be reinvested into growth initiatives.
- Reduced Financial Uncertainty: Prefunding offers a hedge against rising benefit costs, allowing you to manage expenses more effectively and avoid unexpected budgetary surprises.
- Stronger Financial Ratios: Improve your credit union's financial ratios, making it easier to secure funding, attract members, and invest in future opportunities.
By integrating the CU Benefit Prefunding Program into your financial strategy, you can create a more resilient and adaptable credit union that’s better equipped to handle whatever the future holds. This approach ensures you’re not only meeting the needs of your employees but also building a solid foundation for continued growth.
📆Learn more and receive your complimentary evaluation for your credit union by booking time to meet with a CU Benefit Expert Learn more and receive your complimentary evaluation based on your credit unions NCUA Data 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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