The Best Credit Unions to Work For
It’s an understatement to say that 2020 hasn’t been the year anyone expected, but these credit unions have found ways to adapt and support their employees.
Fifty institutions made Credit Union Journal’s annual ranking of the Best Credit Unions to Work For this year. Executives at these institutions were able to distinguish their credit unions by ramping up benefits and support as the coronavirus wreaked havoc on the workplace and economy. These steps included developing ways for employees to still socialize with each other despite working remotely, paying staff for a full-time schedule even if their hours were cut, and reimbursing cell phone and internet expenses for those working from home.
Besides adjusting to the pandemic, these credit unions offered other unusual perks.
Some focused on unique health benefits, such as paying for a subscription service to life-flight helicopters that can transport employees during a medical emergency. Another credit union offered a program where workers bank paid time off that can be used later in the event of a serious illness.
Other credit unions provided frequent free meals, bring-your-dog-to-work days and corporate Olympic games to bolster employee morale. And of course there were celebrations, including Halloween costume contests, holiday day parties and an Easter egg hunt.
An explanation of how each year's winners are selected can be found here.
As always, the list is also broken down by asset size.
For the Best Credit Credit Unions to Work For under $200 million in assets, click here. Additional asset class breakdowns will be added throughout the week.
The following are highlights from each credit union that made the 2020 ranking of Best Credit Unions to Work For.
Note: The asset size for each institution listed is as of June 30, according to data from the National Credit Union Administration. All credit unions are referred to by their chartered name as listed by NCUA.