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Become a SEG and enjoy the benefits with no cost or contract.
A Select Employer Group (SEG) is an association, school, group or business that enjoys a unique relationship with Members 1st.
The most important benefit for a SEG and Members 1st is the ability to offer credit union membership to the SEG's employees, volunteers or members. SEGs are also entitled to free on-site membership signups at benefits fairs and employee events, free educational seminars and programs by our associates, special promotions and a partnership with the credit union. There's no cost or contract to become a SEG, but a prospective business does need to submit a Letter of Intent.
Is there a cost to become a Select Employer Group?
It is free to become a Select Employer Group! All of the features, benefits and special offers that we provide you are free to the employer and the employee.
What is the process to become a Select Employer Group?
The process is easy and a Members 1st associate can assist you. We simply submit a letter to the NCUA (National Credit Union Administration) asking for you to be added as a Select Employer Group! This process can be completed online through Docusign or in person.
Do I have to bank with you to become a Select Employer Group?
We do not require you to be a member to become a Select Employer Group. We would love to be considered for your financial services, but it is not a requirement.
I already partner with other financial institutions, does that prevent me from being a Select Employer Group?
Many organizations partner with multiple financial institutions to provide their employees the opportunity to bank where they wish.
How long is the process to become a SEG?
Once the letter is signed and submitted to the NCUA, we usually receive approval within two weeks.
How many employees do I have to have to become a Select Employer Group?
There is no minimum or maximum amount of employees to become a Select Employer Group.
