September 29, 2023
5 Benefits of Working at a Credit Union
We all know the benefits of being a credit union member (I mean, we hope so), but how about the benefits of working at one? As a credit union employee, you’ll likely experience several perks unique to these particular financial institutions. Here are five benefits of working at a credit union:
1. Competitive Salary
Most credit unions offer a competitive salary compared to neighboring financial institutions. Just as credit unions try to offer the best rates, they also care about paying their employees a reasonable wage.
2. Federal Holidays Off
Credit unions are closed on federally reserved holidays, so their full-time employees are paid for those days off (usually averaging about 12 days). Hello, three-day weekends! Also, most credit unions offer a generous amount of paid time off in addition to the federal holidays.
3. 401(k) Matching & Insurance
Most credit unions offer generous 401(k) retirement plans with employer match, comprehensive medical plans, life insurance, bereavement leave, and short and long-term disability.
4. Loan Discounts
As an employee of your credit union, you could receive a percentage reduction on your loan rate. So, you’ll make and save money simultaneously; it’s a win-win!
5. Community Involvement
Credit unions are known for their community involvement efforts and “people helping people” mentality. As an employee, you could participate in outreach events and other initiatives outside the credit union. Not only does it feel good to give back to the community, but it also changes your daily grind and provides a new, career-enhancing work experience.
There are many benefits to working for a credit union, not just the five outlined here. If you’re considering a career change that is both personally and financially rewarding, explore your local credit union’s career page today!