Published in: CU Business
Is your credit union giving employee benefit costs the attention they require? If not, you could be setting your CU up for a lack of staff quality. Discover how a pre-funded employee benefits investment account can help you attract and retain top-notch talent while keeping your costs in line.
Institutions across the United States face rising employee benefit costs.Thankfully, there are many avenues to pursue to offset these expenses. Providing an appropriate response to this growing trend should be on all board agendas, particularly because it relates to attracting and retaining quality employees.For credit unions, the framework in Section 701.19 of NCUA’s rules and regulations offers a solution in the form of a pre-funded employee benefits investment account. These programs have been gaining momentum over the past few years as more credit unions embrace the advantages of these programs.