BALTIMORE–Securityplus FCU said it paid all of its employees a $500 “Financial Health Deposit” in their last pay of 2023.
“As an advocate for financial empowerment, Securityplus is living its purpose with this unique initiative as part of the credit union's ongoing commitment to enhance the financial health and overall well-being of its employees, members, and the communities it serves,” the credit union said in a statement.
According to the $570-million credit union, the Financial Health Deposit aims to empower and enable employees in their individual financial journeys by providing a positive start to 2024. Securityplus FCU said the payment reflects its belief the well-being and financial security of its employees is integral to its mission of providing financial health education, economic opportunities, and inclusive banking services to the communities it serves.
‘Peace of Mind’
"Our ability to succeed as a catalyst for positive change starts with our amazing employees,” said CEO Tricia Szurgot. “And as a not-for-profit financial institution whose purpose is to help others, we recognize the importance of supporting our valued employees in achieving financial security and peace of mind.
“We know that financial health is a critical component to overall happiness and an individual’s ability to thrive. By supporting our employees in ways that matter both professionally and personally, we’re creating a culture of empowerment and sense of community where everyone can be their best,” Szurgot continued. “We’re so proud of our amazing team and this is just one small way we’re recognizing their efforts and demonstrating our strategic commitment to financial health.”
As CUToday.info reported here, Wichita, Kan.-based Meritrust Credit Union recently announced it was funding a $400 emergency savings account for all employees.
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