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CUNA Mutual partners on exec benefits
MADISON, Wis. (11/30/10)--CUNA Mutual Group and the Credit Union Executives Society have formed a partnership to help credit unions attract and retain talent by enhancing their executive benefits and retirement plan services. “This new alliance will match the benefits needs of credit union executives and board members with a diverse mix of solutions to help retain, recruit and reward C-Level executives,” said Scott Albraccio, business development and marketing manager for CUNA Mutual. The service, called Executive Benefits and Retirement Service Solutions, Presented by CUNA Mutual Group, will provide continuity during difficult economic times, CUNA Mutual said. “Our ‘Gap Analysis’ will help to identify shortfalls in a senior leader’s retirement plan and design programs to specifically fill those gaps. This allows executives to focus on their credit unions’ financial strength, rather than worrying about their own personal needs,” Albraccio said. Each of eight options includes a specialist, who goes through a five-step process to create and implement an effective program. Also, CUNA Mutual’s retirement plan programs use an outcome-based approach to help credit union employees attain a financially secure retirement. The programs have been designed around the needs of credit unions, are easy to administer and feature superior fiduciary support, CUNA Mutual said. The investment options and educational resources help employees make good decisions. For more than 50 years, CUNA Mutual and its subsidiaries have offered retirement programs and now manage more than 7,500 plans with more than 500,000 participants and $11 billion in assets.
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