Chart showing the hourly pay and benefits offered to employees at the top 10 credit unions in the U.S.

Randolph-Brooks Federal Credit Union announced Monday it has raised its starting pay to $18 per hour, joining the ranks of credit unions, banks and other businesses that have decided to increase their starting pay well above minimums required by law.

President/CEO Christopher O’Connor said the salary increase from $15 per hour to $18 is essential to acquiring the talented workforce necessary to carry out the credit union’s mission of improving its members’ economic well-being and quality of life.

“This increase to $18 per hour is one investment RBFCU is making that ultimately shows how we care about our members,” O’Connor said. “By increasing starting pay 20%, we are confident the response will be even better levels of service by employees who know they are being competitively compensated.”

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Jim DuPlessis

A journalist for decades.

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