Costco announced a new benefit for executive members that will start on June 30. Here's what to know and other perks of the executive membership.

Shoppers with executive memberships will be able to earn earlier access to Costco locations, with stores opening at 9 a.m. each day exclusively for executive members. Currently, Costco locations open to all shoppers at 10 a.m.

Starting June 30, people who have purchased the $130-a-year executive-level membership for Costco will be privy to a range of new benefits.