Many employers affiliate with and encourage employees to join a credit union. Credit unions often provide credit at better rates than other sources, and they relieve the pressure on employers to get involved when an employee is faced with a financial crisis. Credit unions offer a full range of financial services, including checking accounts, retirement plans, credit cards, first and second mortgages, auto loans, and education loans. Most companies affiliated with a credit union set up a payroll deduction system for deposits and loan payments.
Credit Union Memberships Can Save Employees Money
You may not be able to insulate your employees from the escalating costs of health care, gas, and groceries. Once your salaries are set at a competitive level, you may feel like there isn't much more you can do to help them through this rough economy. But what if you could save your employees more than $800 a year, without costing your company anything?
