Business Benefits

A Credit Union Is a Valuable Cost-Free Benefit

There is no question that the benefits a company offers play an important role in potential and current employee satisfaction. It goes way beyond the paycheck. One of the great perks to offer your employees is the availability of credit union membership. Add this free service to your employee benefit package and give your organization a competitive edge in attracting and retaining valuable employees.

Advantages for Employees

  • Better savings rates — since credit unions are not-for-profit financial institutions, we are able to pay greater dividends on savings, CDs, and other deposit accounts.
  • Better loan rates — for the same reason, we are able to offer loans with lower interest rates.
  • Convenience — direct deposit, on-site member enrollment, free financial resources, and many more great conveniences.
  • Financial education — We'll provide on-site education sessions at your place of employment at no cost. Topics include (but are not limited to) identity theft, budgeting, and understanding your credit report.
  • Membership for life — once someone becomes a CP Federal Credit Union member, they and their family can remain members for life, regardless off where they live or work.

Advantages to the Employer

Direct deposit — reduces payroll cost and risk of stolen or lost paychecks.

Morale booster — by providing financial services to help employees handle their finances.

Employer burden relief — a credit union gives employees an easy way to get low interest loans and other convenient financial services helping to reduce request for pay advances and loans from the employer.

Employee development — employees have the opportunity to participate as credit union volunteers, develop managerial ability, and other skills that benefit them personally and make them more valuable employees.

Get Started

Join more than 320 businesses and organizations that make up CP Federal Credit Union membership.

You can contact us online to request membership or call Jennifer Duncan, Business Development Representative, at (517) 784-7101 ext. 4127.