Select Employer Group (SEG) Employee Benefit Program
Enhance Your Employee Benefits Package For FREE!
Retaining quality personnel in today's competitive job market requires offering an employee benefit package that outshines your competition. By offering Redwood Credit Union (RCU) products and services to your employees, your company is providing both a low-cost alternative to the traditional banking environment and a lifetime of value.
Offer Membership to Your Employees and Their Families
Offering RCU membership to your employees can add a valuable service to your company's benefit plan with minimal effort and no cost to you! One of the most appreciated but most overlooked employee benefits is membership in a credit union.
Employer Benefits:
Offer Membership to Your Employees and Their Families
Offering RCU membership to your employees can add a valuable service to your company's benefit plan with minimal effort and no cost to you! One of the most appreciated but most overlooked employee benefits is membership in a credit union.
Employee Retirement Preparation and Human Resources Assistance
Questions about pensions, financial planning, budgeting and retirement are causing a flurry of questions in many Human Resource Departments. For example, an aging workforce of baby-boomers counting on many years of investing in the stock market and lack of growth in 401(k) accounts and mutual funds has created concerns about whether they are financially prepared to retire. By establishing a relationship as a Select Employer Group (SEG) with RCU, we will be able to help your organization, and its employees, with those very concerns.
Benefit Costs Are On The Rise
Human Resource executives are experiencing a tough time offering cost-effective and meaningful employee rewards programs during a time when health care costs continue to rise and employer contributions to under-funded pensions shrink even more. While many corporations are asking employees to do more with less and offering few, if any, pay increases, they are also asking employees to contribute a greater percentage toward their own medical insurance coverage. In addition, convenience benefits (developed to attract and retain talent) offered by many corporations in the 1990s are disappearing.
Business Impact of Financially Stressed Employees
When employees worry about their financial matters, they carry those direct costs to their employer. According to a Virginia Tech Study, "Personal Finances and Worker Productivity," an employee who is stressed about money matters costs employers an average of $400 annually. This is primarily due to work time wasted and absenteeism. This same study states that 15% of employees are so worried about financial matters that productivity is negatively impacted.
A Convenient and No-Hassle Partnership
By establishing a SEG relationship with RCU, your company will be offered the following benefits:- Ability to refer employee financial planning & budgeting questions to a reliable and trusted Credit Union
- Improved employee benefits programs at no cost
- Assistance with employee relocation loans
- Increased use of employer sponsored 401(k) plans
- Special rewards programs & promotions specifically designed for your employees
- Free on-site educational seminars & workshops
- A way to show your employees that you care about their financial well-being
- A promising relationship with the North Bay's #1 Credit Union!
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Optional:
- Employer Retirement Plans (401(k), Simplified Pension Plans, etc.)
- Business Services Accounts (Savings, Checking, Insurance, Payroll Services, Merchant Services, etc.)
Employee Benefits:
By offering your employees membership in a Credit Union, you are providing them access to a trusted and established financial institution. When your employees establish RCU membership, they qualify for these valuable products & services:
- FREE Checking
- FREE Online Banking & Bill Pay Services
- FREE transactions at RCU's 32 ATMs and over 20,000 CO-OP ATMs nationwide
- FREE 24-Hour Automated Teller Access
- FREE Educational Seminars & Workshops
- FREE Credit Counseling Services
- Discount Auto Buying Services & Access to previously owned vehicles through RCU Auto Services, a wholly owned subsidiary of RCU.
- Competitive rates on Auto, RV, VISA & Personal Loans/Lines
- Unbeatable 1st & 2nd Mortgage Loans & Home Equity Loans/Lines
- Excellent Rates on Savings, Money Market & Certificates of Deposit
- An Array of Investment & Insurance Products & Services through RCU Services Group, a wholly owned subsidiary of RCU
- Valuable Products & Services For Small Business (Savings, Checking, Insurance, Payroll Services, Merchant Services, etc.)
- Educational Youth Products & Services
What is the difference between an employee of a SEG opening an account through his/her employer, versus them coming into an RCU Branch on their own? Easy: RCU's Membership Sign-up Now Rewards Program! Read more.
