Collateral assignment split-dollar and 457(f) plans have become popular among credit unions as retention and retirement tools for their top executives. But which of these benefits should your credit union implement?

Doug welcomes guest Mike Downey, senior managing director at Newcleus Credit Union Advisors, back to the show. They discuss the key differences between the plans, the benefits a 457(f) may offer over a split-dollar and vice versa, and what credit unions should keep in mind when designing their executive benefits package.

If you’re proposing new executive benefits, listen to the full episode to hear details that may help to inform your decision.