Eleven holidays are observed each year. The Credit Union is closed two days for Thanksgiving.
First 3 years - 13 days per year
After 3 years - 20 days per year
After 15 years - 26 days per year
Employees earn four hours of sick leave for every 80 hours worked. There is unlimited accrual and carryover of sick leave. Employees retiring from the Credit Union (age 55 or older with at least 15 years of service) with accruals of 500 or more hours will receive payment of one-quarter of those hours at their rate of pay at retirement.
Disability insurance pays up to two-thirds of an employee's monthly salary upon becoming disabled and unable to work. The premium is paid by the Credit Union.
Employees are eligible for coverage first day of the month following 60 days of employment. The Credit Union pays one-third of the premium, and the employee pays two-thirds.
Full-time employees and their dependents are eligible for medical, dental and pharmacy benefits at no cost to the employee, beginning the first of the month following 60 days of employment.
The Credit Union offers a tax-deferred 401(k) and Roth 401(k) savings plan as a way of helping employees provide funds for retirement. Employees may contribute up to 85% of compensation, up to current IRS yearly limits. The Credit Union will match 50 cents for each dollar contributed by employees on the first 6% of their deferrals. Employees are fully vested after five years of employment.
In addition to the 401(k) plan, the Credit Union provides a pension plan funded entirely by the employer. This plan provides a monthly retirement benefit for qualifying employees. Benefits are insured by the Pension Benefit Guaranty Corporation (PBGC).
Additional income opportunities also available through an incentive plan; and up to 10% bonus at the end of each year based upon meeting the Credit Union's goals. (Subject to change).