How a 25% Resource Improvement with Financial Planning Can Help Credit Unions Attract A New Generation of Successors Amid The Great Resignation, Early CEO Retirements

ASHEVILLE, N.C., Feb. 10, 2022 /PRNewswire-PRWeb/ -- ACT Advisors, a firm specializing in comprehensive financial planning for credit union executives, today published the white paper, "The 125% Credit Union Executive," illustrating how executives could gain 25% more resources through financial planning—a critical and often underutilized executive benefit. The paper addresses concerns regarding The Great Resignation, a resulting phenomenon of the COVID-19 pandemic, and the recent spike among credit union CEOs pursuing retirement, and notes how credit unions can enhance their executive benefits through financial planning to attract a new generation of leaders.

The paper outlines how executive benefits present many complexities that require personal, strategic financial planning. For example, it can be challenging for an executive to maximize their benefits or retirement income without a strategy that optimizes income timing, risk allocation, and tax planning opportunities. The paper uses a case study and the ACT Monte Carlo simulation planning tool to compare how professional financial planning, as opposed to a self-managed approach, could improve financial outcomes by as much as 25%. Yet, according to the paper, only a quarter of credit unions currently offer financial planning to their executives.

"Financial planning for credit union executives is crucial if they are to realize the full impact of their benefits suite," said Doug English, CFP®, ACT Advisors' founder. "It also acts as a powerful recruiting tool for credit unions in today's labor market."

The paper cites how financial planning is one of the least expensive offerings a credit union can offer that could also affect the organization's trajectory and long-term success. "In addition to offering a more robust executive benefits package, financial planning also provides education, peace of mind, and less financial stress so executives can focus on leading their credit union rather than addressing their financial future," English explained.

Download the white paper at http://www.act-advisors.com.

About ACT Advisors
ACT Advisors has over 20 years of experience providing investment management and financial planning services to credit union executives. With specialized knowledge of unique retirement plans, including 457(b) and the collateral assignment split-dollar, the team of advisors helps credit union executives mitigate risk, analyze investments, and chart a path toward financial success. Learn more at http://www.act-advisors.com.

Media Contact

Doug English, ACT Advisors, 1 (828) 398-2802, [email protected]

SOURCE ACT Advisors