Are you looking for a way to provide extra benefits to your employees? Free of charge. Becoming a Select Employer Group (SEG) is one of the best options to consider as it allows you to give your employees a variety of financial solutions ranging from higher deposit dividends to discounted rates on lending products and services In this blog post, we’ll discuss what a select employer group is, its benefits, and how to become one. 

What is a Select Employer Group? 

A Select Employer Group (SEG) is an organization that is created when a business joins forces with a financial institution to offer financial services, such as checking and savings accounts, consumer, and mortgage lending to its employees. This relationship between the business and the financial institution allows for more advantageous terms and conditions that may be available when negotiating individually. By joining together with other businesses to form an SEG, businesses can gain access to better benefits and services while enjoying economies of scale. This can result in lower fees, higher-quality investments, and more personalized customer service for the business and its employees.

By becoming a Select Employer Group, businesses can show their commitment to providing their employees with retirement security. It also provides employers with the opportunity to offer their employees high-quality retirement savings plans at a lower cost than they could obtain on their own. Furthermore, it allows employers to enjoy many of the same advantages that larger businesses have in terms of offering better terms and conditions to their employees.

How to Become a Select Employer Group 

To become a SEG, employers simply can reach out to our marketing department to start a discussion on becoming an eligible SEG. 

Partner with KOIN Credit Union 

When you join Koin Credit Union, you become part of a community looking out for your best interests. We proudly serve the banking needs of employers and offer a variety of financial services for your employees to help them with their financial needs and goals. 

Contact us today to learn more.