X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ANN ARBOR, Mich., – MidWest Financial Credit Union has kicked its employee benefit offerings up a notch. The $174 million credit union has launched an Employer-Assisted Housing Program for staffers, which provides loans to eligible employees purchasing a home. The funds can be used for down payment, closing costs or prepaid escrow expenses. In addition, staffers who stay at the credit union for five years can have the loans forgiven. “An Employer-Assisted Housing Program is an investment in our employees,” said MidWest Financial CU President/CEO Larry Knoll. “We want our employees to be able to realize their own financial dreams while helping our members achieve theirs.” Most employees in good standing and who are using the loan to purchase a primary residence are eligible, and employees are already using the program. “Having the loan for closing costs allowed me to replace all of the carpeting in the house,” said the first employee to use the program Samantha Sielewicz.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.