Managing employee and executive benefit costs can be one of the most challenging aspects of 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 you manage costs more effectively.
- Enhanced Investment Returns: The program allows you 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 cash flow, and enhance 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 for your credit union by booking time to meet with
David Sims CFP® MBA AAMS® CRPS® MSA here
Written by Michelle Griffith, OMNISolutions Consulting Group www.omniscg.com
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