Executive Benefits for Credit Unions
Practice Overview
At Aon, our executive benefits practice includes a specialized team dedicated to addressing the unique needs of credit unions. We specialize in crafting solutions designed for holistic total rewards. Our unique supplemental executive plan designs help employers retain key talent by addressing income replacement shortfalls for executives while addressing long-term retention objectives for the credit union. Furthermore, we have the corporate resources and staff expertise to ensure these plans are managed professionally for the life of your program.
Tackling Industry-Specific Challenges
Rewarding and retaining key decision makers is critical in the increasingly competitive credit union marketplace. The rapidly changing economic landscape requires talent to be adaptable and able to pivot to new and innovative solutions to accelerate value to members.
Tax-exempt employers face challenges in offering benefits that match those provided by their public counterparts. Public employers can include equity and other reward packages in their offerings. However, tax-exempt employers must consider the impact of excise and vesting taxes. Because our advisors fully understand the limitations of traditional tax-exempt programs, they have developed strategies that offer exceptional opportunities for wealth accumulation despite these limitations.
Specialized Executive Benefits
Benefit Offerings for Credit Unions
Key areas of focus for our team and clients include:
- Supplemental Benefit Solutions
- Supplemental Executive Retirement Plans design and funding
- Customized supplemental life insurance programs
- Benefit Plan Enrollment Services
- Benefit Plan Administration Services
- Ongoing Plan Consulting Services
