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Our Select Employee Group Program creates a valuable, cost-saving relationship! Companies lose hundreds of dollars each year as a result of employees missing work due to financial concerns. By helping your employees with their financial lives, you can increase their productivity and your bottom line.
Financial education strengthens the relationship you have with your employees. It's your first step in reducing losses linked to the financial stress of your employees and building staff morale.
Here are just a few of the positive outcomes of providing employee financial education*:
As a Select Employee Group Program partner of KCFCU, you will have access to customized materials for your staff, such as:
KCFCU will work with your payroll department or service provider to establish Direct Deposit or Payroll Deduction services for employees who want greater financial convenience. Direct Deposit and Payroll Deduction eliminate visits to the credit union to deposit paychecks. No more long lunches or leaving work early to make deposits!
Direct Deposit and Payroll Deduction not only make life easier for your employees, but also for your payroll processing! Utilizing KCFCU's Direct Deposit and/or Payroll Deduction services can reduce a company's payroll processing expenditures by eliminating the cost of mailing or delivering checks to employees at different locations. It also lessons the chance of lost or stolen checks. Direct deposit streamlines payroll reconciliation and tax reporting, as well as reduces the time spent storing and securing checks.
*Informational resource: Filene Research Institute