You ought to take the initiative as an employer to see that your employees are very comfortable. How to save money ought to be one way that you have to assist your employees. Instead of letting them pay very high fees in banks, you can link them up to the credit unions, for example, the IBM Southeast Employees’ Credit Union. There are so many advantages that your employees will notice when thy work with such credit unions. More about the benefits of the employees having the urge of using a credit union near me for your employees are listed in this page.
The credit unions for employees are much better since they offer higher rates for the employees once they make their savings. Once the employees have saved their money or made any deposits, the interest rates will always go higher compared to those of commercial banks. For this reason, it will be proper for you as an employer to ensure that you are finding the very best credit unions for employees where you can join yours. This will act as a motivation, and hence they will work well.
There will be a meager interest charged on a loan or the credit card that an employee is taking from a credit union. It is evident that from time to time an employee can need to borrow a loan because they have a problem that cannot be sorted by just their salary. With a good credit union, there is no doubt that your employee will get that loan at the very best rates. It is sporadic for the rates charged by the employees’ credit union to affect your credit card.
Third, with the employees’ credit unions the employee will be able to do most of the things at a fee that is very low and sometimes at no fee as long as you are a registered employee. Some of the withdrawals that they will make and any transactions that are electronic are never charged here. This is very important since the employee can do their savings and withdrawals while saving a lot of money due to the low costs.
The employee will be entitled to better customer care services when they transact with the employees’ credit unions more than the bank itself. The employee will be in a better position to do account checking when they are working with the tellers at the employees’ credit union they are connected to. Here, the processes are procedural and very fast unlike at those banks that are commercial. These employees will secure their precious time since they will be served in the best ways possible by the tellers at these employees’ credit unions.