At first glance, collateral assignment split-dollar plans (CASDs) appear similar to a pension plan as a means to retain top credit union executives. However, the complex nature of CASDs may mean credit unions and executives could overlook the risks in how the plan’s design, legal agreements, and vesting schedule are structured.

To help clarify the features of these plans and offer strategies to help reduce these risks is Mike Downey, senior managing director at Newcleus Credit Union Advisors. Mike shares his insight and expertise in helping credit unions design and implement executive benefit programs that serve both credit unions and executives.

Stream the episode as Mike and Doug discuss the CASD components to consider and how to avoid future challenges.