Financial Benefits
401k
Through payroll deductions, team members can direct up to 60% of gross salary, with maximum contributions equal to federal guidelines, into our Fidelity savings plan. We match 100% of the team member contribution up to 5% of salary per pay period. Team members enjoy incredible investment options and have an investment consultant available. Team members are eligible 60 days from their hire date and are fully vested after two years.
Life Insurance
Basic life and accidental death and dismemberment (AD&D) are provided at no cost to the team members. Full-time team members receive life insurance coverage of two times their base salary, to a maximum of $300,000. We also offer the opportunity to apply for additional coverage for self, spouse and children and at a low cost group rate!
Tuition Assistance
Our institution is grounded in education. We support your quest to enhance your educational background and assist with registration fees, tuition, books and lab fees for any course at an accredited college or university, with leader approval.
Loan Discounts
Loan Discounts
We encourage our team members to utilize the wide variety of products and services we offer at Michigan First. We provide loan discounts for our team members for certain secured and unsecured loans and mortgages.
Incentives Based on Individual and Credit Union Performance
Knowledge of products and services is highly valued in the organization and always deserves a reward. Therefore, we encourage our retail team members to do “needs-based selling” of products to our members and reward them with cash bonuses.
Michigan First has been successful in providing performance increases each year. We regularly review our salary ranges to ensure we are paying team members fairly and staying consistent with the market. We believe in rewarding the superior performance of our team members by offering individual bonuses and credit union-wide annual bonuses based on individual performance and our credit union scorecard
Free Checking and Savings Accounts
All team members enjoy free checking and savings accounts, and other financial products and services are easily available. Imagine never needing to visit another bank, credit union or other financial institution again! As a team member, you have access to VIP service and incredible products and services.
Team Member Referral Program
Finding the best and brightest talent for our credit union isn’t always easy – so we offer our team members a $200 referral bonus to lend us a helping hand in searching for experienced professionals. Since our team members know our culture, core values, high standards, and commitment to service excellence, who better to help us with our talent search then our team members? The referral bonus program gives us an opportunity to connect with candidates that we would not normally reach through standard recruiting efforts. Plus, the referral bonus program offers an excellent way for our team members to earn some extra cash - especially around the holiday season. At Michigan First we believe that it takes a community to succeed, and we are all committed to finding the best talent to join our team. Who knows, you may be next to join us?
