WHAT IS A SELECT EMPLOYER GROUP (SEG)?
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.
EMPLOYEE BENEFITS
- Eligibility to join the credit union through employer
- Access to all of the credit union's promotions, products and services
- Free financial wellness counseling and tools from GreenPath
- Personal Concierge to assist you with banking needs
- Access to 30,000+ surcharge-free ATMs nationwide with a Members 1st debit card
- Access to financial seminars
- 60 convenient branch locations
- Lower rates
- Fewer fees
EMPLOYER BENEFITS
- Credit union membership eligibility as an additional benefit to your benefit package
- Free on-site membership sign-ups at benefits fairs, open enrollment sessions, employee events or breakrooms
- Free on-site educational seminars presented by Members 1st's team of experts
- Exclusive offers and promotions for employees
- Access to group and individual health insurance
- Medicare information sessions for retiring employees
- Access to commercial lending and insurance products
- Availability to request volunteerism from Members 1st associates
- Availability to apply for Members 1st sponsorships and grants
Interested in becoming a SEG?
Frequently Asked Questions
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.
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.
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.
Many organizations partner with multiple financial institutions to provide their employees the opportunity to bank where they wish.
Once the letter is signed and submitted to the NCUA, we usually receive approval within two weeks.
There is no minimum or maximum amount of employees to become a Select Employer Group.