Red River Credit Union has the distinction of being the only credit union selected as one of The Principal's "10 Best Companies for Employee Financial Security."
The Texarkana, Texas-based credit union was recognized for its retirement benefits and broad wellness program, which includes health risk assessments, preventive screenings, health coaching and wellness incentives. In addition, the credit union offers its 200 staffers one-on-one meetings with a financial adviser and extends full-time benefits to employees that work at least 30 hours per week.
"Red River Credit Union faces the same challenges as other businesses. What makes them extraordinary is the priority they place on employee financial security," said Luke Vandermillen, vice president at The Principal Financial Group. "They understand the direct connection between strong benefits, a strong workforce and a strong bottom line?in the best and worst of times."
Red River CU was also singled out for the 100% participation in its 401(k) plan. The credit union matched 100% up to 5% plus 50% on the next 5%. Red River CU also added another 3% for profit sharing.
"It's a terrific honor to be selected as one of The Principal 10 best companies," said Robert Buck, Red River CU president/CEO. "We believe that our benefits are one of the hallmarks of the organization, even in these difficult times. We have not taken away any of our benefits as a result of the economy?we didn't want our employees to suffer. We have actually tried to step up our benefits in some ways. I understand we can't have business as usual in all aspects, but I try to keep it as normal as possible even through difficult situations. There will be better times down the road."
Rounding out The Principal 2010 best list were American Immigration Lawyers Association, Clif Bar & Co., Davidson Technologies Inc., Farmers Mutual Insurance Co. of Nebraska, Franklin International, RLI, the Bolles School, the Delp Co. and the Graham Co.