JACKSONVILLE, Fla.–Jax FCU here said effective Jan. 1 it will increase its minimum wage to $15 per hour, a change that will affect 7% of its employees.
In addition, Jax Federal said the pay raise will be accompanied by an extensive benefit package that includes paid time off with carryover, paid holidays, a 401(k) Safe Harbor Employee Match with no waiting period, cost-sharing on medical and dental plans, a company-paid life insurance package, performance rewards programs, paid volunteer time, tuition reimbursement with unlimited financial services training and many other employee focused benefits.
“Focusing on our associates has been one of my goals since joining the team in April,” said Joe Nowland, CEO of Jax Federal Credit Union. “Jax Federal Credit Union is committed to providing competitive salaries and a comprehensive benefits package for all of our associates. In 2019, we added 15 new positions, with additional opportunities currently posted on our website. In addition, we’ve developed a career path structure that helps our associates continue to grow and develop, building a successful career. We’re committed to our associates, serving our members, and the community of Jacksonville – and this change in the starting salary will continue to help us do just that.”
The $407-million Jax FCU has approximately 37,000 members.