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• RSG has the breadth of multi-industry experience to help credit union Boards and CEOs determine those executive benefit elements that are right for the organization at this time.
  
  We have worked with a large number of credit unions to document formal policies that promulgate a wide range of executive perquisites appropriate for the enterprise.
  
  Examples of the special benefits include:

• Executive Relocation Policy	Executive medical
  CU-provided automobile	Executive financial planning
  Club membership	Executive vacation policy
  First-class air travel	Sabbaticals
  Supplemental life insurance	Long-term care insurance

SERP = Supplemental Executive Retirement Plan.
RSG has worked with the Boards and CEO in more than a dozen credit unions to carefully consider all the design elements and plan assumptions necessary to craft an appropriately competitive and complete SERP. The supplemental plans we have designed and documented met the needs of the Board as the steward of CU assets and the needs of the CEO in terms of post-retirement income.

RSG has a proprietary database of CEO SERP values derived from a recent survey of large credit unions.

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Most medium-sized and larger organizations in the United States have discovered that standard, all-employee pay and benefit plans do not, by themselves, accommodate the needs of top executives.

Boards of Directors approve and implement special executive benefit programs:

• To recognize the weight of accountability carried by top executives.

• To relieve some of the demands on an executive’s time, make him/her more efficient, and/or enable the executive to focus fully on the credit union’s business.
  

• To deliver portions of an executive’s total compensation in a tax-advantageous fashion.

• To replace shortfalls in standard benefit plans caused by statutory limits or other plan design constraints.

• To recognize and reward (beyond cash compensation) an executive’s leadership of the CU and his/her service to its members.

• To, where applicable, serve as golden handcuffs contributing to executive retention.