Employers are continually searching for cost effective ways to enhance their employee benefits. With the help of Power Co-op Employees Credit Union (PCECU), you can add credit union membership to your list of employee benefits at no cost.By offering PCECU services as part of your benefits package, both you and your employees win. You enhance the employer-employee relationship by demonstrating to your employees that you care about their financial well-being.Employees experience the Power Co-op Employees Credit Union difference with convenient access to the same financial services available at the big banks, but with personal service, that sets us apart.
Power Co-op Employees Credit Union is proud to call the following companies and organizations Employer Partners.
What is a Power Co-op Employees Credit Union Employer Partner?
Why become a Power Co-op Employees Credit Union Employer Partner?
What is the difference between a Credit Union and a Bank?
Why should my employees join a credit union?
What is different about Power Co-op Employees Credit Union?
How does my organization become a Power Co-op Employees Credit union Employer Partner?
What is a Power Co-op Employees Credit Union Partner?
A Power Co-op Employees Credit Union Employer Partner is a company or organization that partners with PCECU to offer credit union services to its employees as a no cost benefit. We do all the work, provide human resource and enrollment materials and create a true enhancement to your benefits package that is only available to our Employer Partners.
We’ve got all the tools you need to promote this benefit to your employees. Free brochures, paycheck stuffers, you name it. We are also happy to come on-site and talk to employees about the credit union and the benefits to them.
Why become a Power Co-op Employees Credit Union Partner?
PCECU membership is a great job perk. It costs you nothing to enroll your business or organization and you employees get a lifelong financial partner in PCECU. We’re here to help with every important financial decision your employees will make- from buying a car or home to saving for college. And you get all the credit because you provided the benefit.
What’s the difference between a credit union and a bank?
A credit union member is more than a customer. Over 86 million Americans who are credit union members belong to an institution that is unique in the financial world. While there are some similarities between credit unions and banks, certain features are unique to credit unions:
*Cooperative: No one person or organization owns a credit union. It is owned and governed by its members. As a cooperative, it exists solely to provide members with affordable, convenient financial services. Other financial institutions, such as banks are not cooperatives, don’t have members and are owned by individuals or corporate stockholder who may or may not also be the bank’s customers.
*Not-For-Profit: As member-owned cooperatives, credit union earnings, not held as reserves, are returned to members in the form of higher savings rates, lower lending rates, and lower and fewer fees or invested into new products and services.
*Volunteer Driven: The active involvement of member-owners is the cornerstone of the credit union philosophy. A credit union’s policy-making board of directors and many of its committees are made up of individuals elected by the members-all of them unpaid. Credit union member-owners have a direct say in the working of their cooperative because each member has a vote.
Credit unions have worked hard to keep pace with the rapid changes in the financial world. The core values of credit unions remain the same; service to members through cooperative ownership. That makes credit unions unique in the financial world-and an asset to our members’ financial lives.
Why should my employees join Power Co-op Employees Credit Union?
Volunteer driven…not-for-profit…cooperative owned-three qualities that make credit unions unique. They translate into real benefits for members too. Here are ten ways your employees will benefit from credit union membership:
1. Low or no minimum balances
2. Lower and fewer fees
3. Better deposit rates on savings
4. No monthly service fee on checking accounts
5. Competitive rates on loans
6. Accounts are insured by the U. S. Government up to $100,000
7. Competitive mortgage rates and home equity loans
8. Credit counseling free through Balance Financial Network
9. A voice in credit union operations through their vote
10. “Once a member, always a member” lifetime membership policy
What’s so different about Power Co-op Employees Credit Union?
All credit unions are member-owned financial cooperatives that serve a stated Field of Membership (FOM). For many credit unions, their FOM is community-based. This means anyone living or working in that community is eligible to be a member of that credit union. Other credit unions are employer or organization based. This means to be eligible for membership, you must be employed by or be a member of specific organizations.
Most credit unions originally were chartered with an employer/organization based FOM. Over the years, many credit unions change their charter to expand their FOM to communities. A community charter offers them a much greater pool of potential members.
Since receiving our credit union charter in 1956, membership in Power Co-op Employees Credit Union has remained employer/organization based. Unlike many credit unions that are community based, not just anyone can join Power Co-op Employees Credit Union. We limit membership to employees and families of select employers or organizations. Power Co-op Employees Credit Union refers to these employers and organizations as our Employer Partners. We have a similar variety of products and services as banks and community credit union, but remaining exclusive allows us to focus our resources only on the employees and families of our Employer Partners. We don’t want to be the largest credit union, we want to be the best credit union.
We understand that your employees are your organization’s most valuable asset. We’d like to join with you in making them feel valued and appreciated. With membership at Power Co-op Employees Credit union, they’ll be a member, not a number. Everyone has his or her own financial needs and goals. We’re here, ready to help your employees, one person at a time.
We believe in the value of service. We believe in the importance of relationships. We believe in the power of membership.
How does my organization become a Power Co-op Employees Credit Union Employer Partner?
If you would like more information on becoming an Employer Partner, please contact Nancy Leemkuil at pccunancy@goldfieldaccess.net or 515-332-4096.
We hope to welcome you, your organization and your employees to Power Co-op Employees Credit Union very soon.