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3 Reasons to Add Credit Union Membership to Your Employee Benefits

Attention small business owners! What can you offer employees that sets you apart from your competitors? Here’s one – credit union membership! Of all the benefits small business can offer employees, we think partnering with a local credit union is one of the smartest business decisions you could make. Here are our top three reasons we think every small business should offer credit union membership to their employees.

1. It can be a valuable addition to your benefits package.

As a small business, you often don’t have access to the same resources as larger corporations. Partnering with a local credit union helps you compete with the extensive benefits offered at bigger companies. You can highlight that employment at your business includes membership at a respected credit union.

Credit unions like ours love to partner with small businesses. We can offer a range of financial services that the employer could not provide on their own.  Here are a few benefits we could offer your employees:

  • On-site financial seminars and advice
  • A group legal plan with a special schedule of reduced fees
  • Group rates for term life insurance
  • Free basic accidental death and dismemberment insurance
  • Free health care discount cards
  • & more!

Find out more about our community business partnerships here.

2. It shows your commitment to the local community.

Credit unions are a healthy part of the local economy. As not-for-profit financial institutions, our profits get recycled back to our members in the form of lower fees and better interest rates. Check out the main differences between credit unions and banks.

Check out all the ways AmeriChoice contributes to our local community here.When one of your employees takes out a loan at a local credit union instead of a national bank chain – those funds are kept within the community – not paid out to an international investor. Partnering with a credit union shows that you care about the local community and other small businesses.

3. It can help you attract and retain top talent while boosting employee satisfaction.

According to this 2016 report from SHRM, the overall benefits package was the third most important component to respondent’s job satisfaction.

When you offer your employees access to extensive financial services through credit union membership, you’re investing in your business’ future. This is because a great benefits package can help attract top talent and retain that talent. If your employees feel financially secure and invested in their community, you can boost their overall job satisfaction.

Do you currently offer credit union membership and financial services as part of your employee benefits package? Why or why not? Let us know in the comments below!

Is your small business located in South-Central Pennsylvania?

Partnering with our credit union to boost your employee benefits is FREE! Discover all of our small business program benefits and talk to one of our financial experts today. <Link to their new employee benefits page>