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Executive Benefit Plans Start Trending Up

Credit unions get creative with compensation and benefit plans to attract and retain executive talent.

By Peter Strozniak | Updated on March 03, 2017

Pending C-level executive retirements and a tight labor market are leading credit unions to be creative and aggressive with compensation and benefit plans to attract and retain executive talent.

One clear trend that has picked up momentum throughout the industry is that more credit unions than ever are leveraging executive benefit plans such as loan regime split dollar arrangements, 457(f) and 457(b) deferred compensation plans, and other hybrid plans.

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Peter Strozniak

 

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