Employee Benefits and The Florist Federal Credit Union

In uncertain economic times many companies, small and large, struggle with the ability to maintain employee benefits without affecting the bottom line.  Rising healthcare costs often force many employers to pass along a higher share of the burden to their workers, while other benefits like 401(k) plans simply limp along with less than adequate earnings.

Whether it’s controlling costs or increasing perceived value, you and your company are under daily pressure to create a complete benefits package that attracts and retains good employees.  Now more than ever, employees will depend on you for solutions and benefits that add value to their lives and their employment with you.

What can you do?  Consider offering your employees a benefit that everyone can take advantage of at absolutely no cost to you:  Credit Union membership.

While more and more companies today include Credit Union membership as a part of their benefits package because it’s free for them, the real benefit is the high-perceived value in the minds of employees.  It all starts with “people helping people,” the core value that separates a Credit Union from a bank.

At a typical bank, revenue generated from customers is returned to a few minority stockholders who own the bank.  Credit Unions, on the other hand, are owned by their customers, or member/owners as they are called.  That means, any profits are returned directly to everyone in the form of lower loan rates and higher savings yields.  It’s a no-cost benefit to you that provides your employees with a low-cost alternative to the big banks.  And in good economic times or bad, that’s a benefit everyone can feel good about.

More than just adding to the list of your existing benefits package, Credit Union membership can help you add real value to the financial well being of your employees, making them happier and more productive.  And it won’t cost you a thing.  For example, Credit Unions work with members to help them build good credit, or often to repair bad credit.   The staff at The Florist Federal Credit Union often negotiates with automobile dealers to obtain better sales prices for members.  

Credit Union membership is good for life and won’t expire no matter what changes occur at home or in the workplace.  So it’s an employee benefit that has long-standing value for the entire family.