Your Money Matters
Earthmover Credit Union understands that YOUR money matters! For over 60 years we have provided our financial wellness program to over 250 employer partners with that in mind! Our partnership opportunity is available to local businesses to offer access to affordable financial products and services to help employees reach their financial goals.
By aiding in the financial wellness of your employees through our benefit of membership, we are contributing to the improvement of your bottom line which makes you prosper as well as our community prosper. That’s why we offer our financial wellness program at no cost to you!
Your Bottom Line Matters
Your employees affect your bottom line, which makes them one of your biggest assets. But did you know their personal finances can influence your bottom line as well? Studies have shown the impact of neglecting financial wellness:
The Impact of Neglecting Financial Wellness
Of employees state financial matters cause the most stress1
1 in 3
Employees state personal finances are a distraction at work2
6 in 10
Employees stressed about their finances say their health is negatively impacted3
is the cost of stress to US companies each year. Leading cause of stress: finances4
13 hours lost
per employee per month due to unproductivity from financial concerns5
more costly in healthcare expenses per employee per year who report high stress1
Sources: 1: Consumer Financial Protection Bureau, Financial Wellness at work, 2017; 2: PWC, 2017 Employee Financial Wellness Survey; 3: Bank of America Merrill Lynch, 2017 Workplace Benefits Report; 4: Benefits Pro, 2017; 5: Mercer, 2017 Inside Employees' Minds Financial Wellness Survey
But there's good news
Among HR Professionals who indicated their organization provides financial education, 72% reported the financial education initiative has been somewhat or very effective in improving their employee’s financial wellness. Here are what the experts are saying:
81% of workers say fewer personal financial issues would positively impact their work productivity.
80% of employees say a financial wellness plan is important to their household.
Financial education in the workplace suggests that a financially capable workforce is
more satisfied, more engaged and more productive for their employers!
Financial Wellness in your workplace
When employers offer proactive opportunities and create awareness of fiscal health, it can influence behavior. The greater the influence, the greater the participation and the greater impact you have on your overall employee financial health.
Set yourself apart by becoming an employer partner with ECU, where we will do all the heavy lifting, at no cost to you, with rewarding benefits to both you and your employees. Their money matters, and our goal is to have your employees:
- Have control over day-to-day, month-to-month finances
- Have the capacity to absorb a financial shock
- Are on track to meet his or her financial goals
- Have the financial freedom to make the choices that allow one to enjoy life
My Employer financial wellness program has helped me*:
|Prepare for retirement||47%|
|Get my spending under control||29%|
|Pay off debt||29%|
|Save more for major goals (purchases, home, education)||29%|
|Better manage my investment/asset allocation||29%|
|Better manage healthcare expenses/save for future expenses||18%|
|None of these||6%|
*Employees could choose as many answers as possible.
PwC's 8th annual Employee Financial Wellness Survey - June 2019
We will do this by offering:
- Low-rate Loan Products
- Higher than average dividends for savings, CD's and money markets
- Guaranteed savings accounts
- Direct Deposit or Payroll Deduction available
- Free financial wellness check to find areas of improvement
- Free financial education resources
What will your program look like:
- New Hire Orientation material
- On-Site employee events (or mobile branch service)
- Personalized service dedicated to the needs of your Human Resources
- Complimentary Financial Wellness Workshops on site or at our headquarters.
- Participation in benefit fairs
- Exclusive promotions
- Financial counseling
- Online education resources
- Annual Wellness survey to measure employee improvements
Frequently Asked Questions
This is a free service provided by Earthmover Credit Union to enhance our community’s financial well-being.
Your deposits are secure at Earthmover. Each deposit account at Earthmover is insured up $250,000 by American Share Insurance (ASI), which is America’s largest private deposit insurer. For more info: https://www.earthmovercu.com/about/sound-secure
Our only request is for your advocacy in our partnership. The greater the influence, the greater the participation and the greater impact you have on your overall employee financial health.
No, you do not have to bank with Earthmover Credit Union. Our focus is helping business owners, employees and members of our community. We offer products and services that will empower your employees through every financial life stage.
That’s great! We want to help your employees have more control over their present-day finances so they will be able to contribute more to their future plans such as 401Ks.
Easy! We offer on-site visits for membership, new hire orientation, or participation in your company benefit or health fair. Your employees can also join online and we provide all the materials needed to spread the word about ECU to your staff.
We can hold virtual and on-site financial workshops on a variety of financial topics, which employees see as an added benefit and investment of the company on their personal development, increasing employee loyalty. Please use the contact us tool found throughout our website to send us direct message.
We also offer free online financial wellness educational modules designed to help your employees better manage money and prepare for their financial future.
This is absolutely possible, depending on the number of employees and location of the ATM for accessibility.
To save money. Typically, a member joins to save with our low loan rates, whether it be a refinance or purchase.