401(K) upgrade offers a critical solution

Polish National CU’s 2018 switch supports the financial goals of its employees.

Credit unions and their employees face intensifying challenges. With increasing fiduciary risk, market volatility and employee retirement unpreparedness, the need for a 401(k) solution that can provide the due diligence, employee education and user-friendly tools to help solve these problems for credit unions and employees is more critical than ever.

When CUES member Jim Kelly, president/CEO of $602 million Polish National Credit Union, Chicopee, Massachussets, was looking for a new 401(k) provider in 2017, it was for a simple reason.

“We want the best financial services for our members and, equally important, the same for our employees,” he says. Kelly chose to move the credit union’s plan beginning in 2018 to CUNA Mutual Retirement Solutions. So far, he has been impressed.

“This has been a significant step in supporting the financial goals of those who work so diligently every day to meet the needs of our members,” he says.


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