While many credit unions have collateral assignment split-dollar plans as part of their executive benefits mix, it is no secret that these tools are more complex than other benefits. As a result, when designing and implementing a successful plan, credit unions must perform a preliminary and ongoing evaluation of several factors to help reduce the risks credit unions and their executives may assume.

On the show, Doug welcomes Dan Balogh, an executive benefits advisor at SWBC. For over 30 years, Dan has helped credit union boards and management teams develop executive retention and succession plans. Dan and Doug discuss the critical factors credit unions should consider when designing a new split-dollar plan or evaluating an existing one—and why overlooking these factors could cause negative implications and undue burden to the organization and its executives.

Stream the episode to learn more about how to design and stress test your split-dollar plan to help reduce financial risks while developing realistic, sustainable outcomes.