Best Credit Unions to Work For 2022

August 30, 2022: The Great Resignation has made it difficult for businesses to retain and attract talent, but the institutions on this year's Best Credit Unions to Work For list have figured out what it takes to be a great employer. 

Seventy credit unions made the list this year. The institutions are headquartered in more than two dozen states and Washington, D.C., and range in size from just 28 employees at Southwest Financial Credit Union in Farmers Branch, Texas, to more than 3,000 at America First Credit Union in Riverdale, Utah. 

The winners were selected through two different surveys with the help of Best Companies Group. The first survey examines employee satisfaction and covers eight areas, including leadership and planning, corporate culture and communication and overall engagement. An institution needed at least a 40% participation rate in the survey, and on average at least 80% of respondents had to answer "agree strongly" or "agree somewhat" across the different topics.

This data found that the employees at the credit unions that made the list were happier in a variety of areas compared with the institutions that didn't make the cut. For instance, employees at the winning institutions reported having a better work-life balance, receiving more effective corporate communication from management and being given more authority to make necessary decisions. Overall, these staff members were more willing to recommend working for their credit union to a friend. 

The second survey evaluates the benefits and policies of each credit union. Some of the winners lavished employees with monetary perks, such as picking up the tab for monthly health insurance premiums or providing significant matches to retirement plans. Others created a fun work atmosphere with frequent parties and friendly competitions. Some also focused on professional development by offering leadership courses or reimbursing tuition payments for those continuing their education. 

27 | Financial Partners Credit Union

Downey, California
Assets: $2.1 billion
President and CEO: Nader Moghaddam 
No. of employees: 309

Interesting fact: Financial Partners has a robust ergonomic evaluation program to ensure employees have the necessary equipment to feel physically comfortable during the workday. Staff members can request an evaluation at any time using an online form, and the credit union has someone on site who is trained to complete it. The credit union contracts with its worker compensation broker to utilize a certified ergonomic specialist, and can review a remote workspace. Additional equipment is purchased and installed as needed. 

Unusual Perk: The credit union has on-site beer and wine taps for employees at its two headquarters. It's available when new staff members graduate from orientation and during other celebrations and employee engagement activities. 

About Financial Partners Credit Union 

With the mission of building lifetime financial partnerships, Financial Partners Credit Union serves over 86,000 members in California and stands at $2.1billion in assets. Financial Partners’ focus remains the same today as it did when the Credit Union was founded by eight aviation workers in 1937: saving money, making money, and saving time for its members. Membership is open to everyone who lives, works, worships, or attends school in Los Angeles County, Orange County, Riverside County, and San Diego County. Visit FPCU.org or call 844.TRY.FPCU for details.