As an employer, there is a need for you to ensure that all your employees are as comfortable as possible. 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. You will discover that your employees will enjoy so many benefits from this credit union 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. All that the employees will have to do is to make savings or deposit their cash at these credit unions then they will wait for the benefits of the higher interests. 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.
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. If they are affiliated to a good employees’ credit union they will be in a position to get that loan at more favorable rates. It is sporadic for the rates charged by the employees’ credit union to affect your credit card.
There are so many transactions that the employee will be privileged to do at a very small or no fee once they are linked to the employees’ credit union and they are registered. 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 vital as it gives all the employee an equal chance to do their savings and withdrawals free of charge hence they will record higher savings.
Last, your employees will manage to enjoy better services once you connect them to the most reliable employees’ credit unions. When it comes to checking accounts, there are tellers who are ever ready to help the employees do that. There is no time wastage since all the processes are done in a very faster manner compared to commercial banks. There are no long lines that will keep them waiting since there are elegant customer care services.