Importance Of the Employees’ Credit Unions
As an employer, there is a need for you to ensure that all your employees are as comfortable as possible. You need to help them save their money in the best ways possible. 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. This credit union will benefit the employee in very many ways. This site has listed some of the pros of the credit unions for employees, for example, the southeast credit union.
First, you will realize that the employees’ credit unions, for example, the IBM Southeast Employees’ Credit Union will always have higher rates of interest compared to the ordinary 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. As an employee, need can arise anytime, and you will find that the only option they have to supplement their salary savings is a loan. With a good credit union, there is no doubt that your employee will get that loan at the very best rates. 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. You will find that most of the transactions that are never charged are those that are done by withdrawing or even the electronic ones. This is very important since the employee can do their savings and withdrawals while saving a lot of money due to the low costs.
Last, your employees will manage to enjoy better services once you connect them to the most reliable employees’ credit unions. 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.
Reference: Read Full Report