This is the fifth consecutive year in which UECU has been named one of Pennsylvania’s top 100 employers.
Wyomissing, PA (PRWEB) October 10, 2014
Utilities Employees Credit Union (UECU), the billion dollar virtual credit union that serves the U.S. utility and energy sector, has received statewide recognition for the positive workplace it provides to the 90 employees who serve its nationwide membership. UECU’s single operations center, located in Wyomissing, Pa., was named as one of the Best Places to Work in Pennsylvania for the fifth consecutive year, in a recent announcement made by the competition’s organizers. UECU has received this designation annually since 2010, its first year participating in the program.
UECU’s employees have provided financial solutions to U.S. utility and energy workers and their families from its Pennsylvania headquarters since 1934. A full-service financial institution, UECU is among the six percent of U.S. credit unions to consistently receive the “Excellent” Weiss Rating for financial soundness and one of the few institutions to reward its members with a year-end bonus dividend, which last year totaled nearly $800,000. More than 500 utility-related companies across America provide UECU membership as an employee benefit, which includes free nationwide access to financial products and services, credit counseling, and financial education, for energy and utility industry employees and their families.
This is the fifth year in which UECU has been recognized in the Best Places to Work small-medium companies division for Pennsylvania businesses with fewer than 250 staff members. Its ranking among the 100 recognized employers will be announced in December of this year.
The annual Best Places to Work in Pennsylvania competition is organized by the “Central Penn Business Journal” with its partners, the Team Pennsylvania Foundation, the Pennsylvania Department of Community and Economic Development, and the Society for Human Resource Management’s Pennsylvania Council. The Best Places program is designed to identify the best places of employment in Pennsylvania and provide recognition for the Pennsylvania economy, workforce, and businesses.
Winning companies achieve the highest scores in a two-part assessment that determines the state’s 100 Best Places to Work. Each company's workplace policies, practices, philosophies, systems, and demographics are first evaluated for 25 percent of its score. The largest part of a company’s score is determined by the results of an employee survey, which measures the quality of the working experience provided by the employer. The combined score determines the top companies and their final rankings.
For more information about Utilities Employees Credit Union, visit http://www.uecu.org.
Information about the Best Places to Work in Pennsylvania program and its standards for evaluating businesses is available at http://www.bestplacestoworkinpa.com.
About Utilities Employees Credit Union:
UECU was formed in 1934 to fulfill the financial needs of America’s utility workers and their families. Now a billion dollar financial institution, UECU serves its 44,000 nationwide member clientele as a virtual-service, branchless credit union, from a single headquarters in Wyomissing, Pennsylvania. Without shareholders or branches to maintain, UECU returns profits to its member-owners, through financial rewards and exceptional rates on loan, credit card, savings and checking products. Members have access to a wide array of mobile and online banking services and exclusive benefits including financial education, wealth management, insurance services and scholarships. UECU is among the six percent of U.S. credit unions to receive an “Excellent” Weiss Rating for financial soundness and one of the few financial institutions to reward members with a year-end bonus dividend, which has distributed $3 million in member bonuses since 2011.