Importance Of the Employees’ Credit Unions
The comfort of your employees ought to be your concern always as an employer. One way that you can offer them help is by showing them the best ways of making savings. 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. This site has listed some of the pros of the credit unions for employees, for example, the southeast credit union.
The first advantage is that the employees will have a privilege of getting higher credit rates from such credit unions which cannot be achieved at the regular banks. 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. Your employees will be motivated by such a move, and they will record higher performances.
Second, the employees’ credit unions will always offer the rates that are very low when it comes to loans and other credit cards. An employee can require a loan to boost their other savings in a case where they want to do something very constructive on their own. The employee will only manage to get such a loan at a lower rate when they are linked to the best employees’ credit union. Their credit cards will also not be so much affected now that the rates for the loan are meager.
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. The electronic transactions and the minor withdrawals are the ones that are never charged when you are an employee who is using the employees’ credit union. This is very important since the employee can do their savings and withdrawals while saving a lot of money due to the low costs.
With the employees’ credit unions, there are better services that will be offered to your employer compares to the banks. They can do their account checking in a very conducive environment since there are those tellers who will help them where necessary. Here, the processes are procedural and very fast unlike at those banks that are commercial. There are no long lines that will keep them waiting since there are elegant customer care services.