Saving millions on credit union healthcare
CU Benefits Alliance creates pricing leverage through its revolutionary employee benefits platform for Credit Unions
PLANO, TX (May 9, 2017) — CU Benefits Alliance LLC (“CU Benefits”), an exclusive employee benefits consulting firm dedicated to the credit union industry, is on a mission to save mid-sized credit unions (50-500 employees) millions of dollars. Over the past five years, its credit union clients have reduced their employee benefits expense by more than $5.3 million.
CU Benefits has been engaged in an ongoing mission focused on helping credit unions reduce cost, drive efficiency and evolve into organizations with truly unified executive teams. According to John Harris, CEO of CU Benefits, “most credit union executives we meet do not have a long-term employee benefits strategy. And, most C-Suite executives leave the benefits spending decisions up to the HR team. That must change.”
The CU Benefits process begins by creating and implementing a written employee benefits strategic plan with the CEO, CFO and HR manager. By having the executive team involved, it assures alignment with the long-term corporate goals. The strategic plan guides the HR team over a three-year period and allows them to be proactive, rather than reactive, in the employee benefits renewal negotiation discussions.
CU Benefits is pleased to announce that a new case study featuring one of its credit union clients is available HERE. The case study describes how one credit union client saved over $953,000 on its employee benefits and how the strategic plan was deployed.
“Our benefits solution is able to deliver substantial savings and control to our clients because of our vast amount of credit union data and ability to use that data to negotiate reduced insurance rates. Our solution compliments the Human Resources team as well as finance managers by allowing them to follow a long-term employee benefits strategic plan rather than reacting to annual insurance carrier renewals,” added Mr. Harris.
About CU Benefits Alliance LLC
CU Benefits Alliance’s mission is to change the way credit unions manage employee healthcare. Credit union leaders need a seamless, transparent platform where employees can access the best healthcare at an affordable cost. The CU Benefits Alliance strategies help further their commitment to the financial well-being and success of their credit union partners. For more information, visit www.cuBenefitsAlliance.com.