Employer Banking Benefits
|What is a Business Partner? |
A Business Partner is a company or organization that affiliates with Seven Seventeen to offer the convenience of a credit union relationship to their employees in the workplace.
A Credit Union Relationship Improves Your Company’s Bottom Line
- On-site membership events.
- Special discounts only offered to employees of our Business Partners, such as one year of Relationship Builder status (ask for details) and additional financial incentives and perks.
- Complimentary Lunch & Learn programs for your employees on a variety of timely financial education topics, including Identity Theft, Budgeting 101, Seven Seventeen’s Products and Services overview, and others.
Lowers your cost of doing business
Studies show that financially stressed employees can cost your organization up to $400 per year in lost productivity and poor attendance.* Seven Seventeen’s products and services help promote financial health, which positively impacts the employees’ performance ... and your bottom line.
Assists with payroll services
We offer payroll deduction, direct deposit, electronic file transfers (ACH Origination) and cash advances through our StretchPay program, a low-cost credit union alternative to payday lenders. These progressive programs relieve many of the financial burdens of staffing and administering payroll services within your business.
Improves your company image in the workplace
Your employees will feel valued because of your commitment to providing access to services that enrich their lives, both inside and outside of work.
Employee retention and recruitment
A credit union partnership enhances your employee benefit package, which helps to attract high quality employees, as well as retain your existing employees.
Research indicates that when employees are financially successful, the cost of employment goes down, while profits go up. Study after study reveals that credit counseling and debt management improve employee financial wellness and job productivity, including the quantity and quality of employee performance and the supervisor’s ratings of employees.* Easy access to Seven Seventeen’s full range of products, including the Free BALANCE Financial Fitness Program, can help your employees better manage their finances and achieve financial success.
*Source: 15 Steps to an Effective SEG by the Filene Research Institute, The Center for Credit Union Innovation, LLC, in Cooperation with the National Credit Union Foundation.
A Credit Union Relationship Is an Excellent Free Benefit for Your Employees
Our Business Development Representatives will come to your workplace to provide banking and membership assistance for your employees at a time that is convenient to your business. Our electronic payroll services allow your employees to use direct deposit and payroll deduction, giving them same-day access to their paycheck.
Easy access credit union membership
As a Business Partner, your employees are eligible for membership at Seven Seventeen. In the credit union tradition, we make it simple to open savings and/or checking accounts, providing your employees with access to their money via ATM, check, VISA® Check Card, and even online.* This easy access for your employees to open accounts allows you to electronically transfer payroll and helps your employees avoid problems related to cashing their paychecks.
Personal savings satisfaction
Credit unions were founded to support people at work by encouraging saving, making credit available at competitive rates, and providing consumer financial services at a reasonable cost. Access to helpful services such as direct deposit, payroll deduction, and ACH electronic transfers encourage saving and promote an overall sense of well-being for your employees.
We offer the convenience of providing personal banking directly to your employees at work, which helps them to manage time and increases participation in programs to achieve financial wellness.
Retirement savings satisfaction
Seven Seventeen provides a wealth of innovative investment and retirement programs. Regular contributions to an IRA or 401(k) will provide your employees with the satisfaction of building a more secure future.
Lunch and Learn program
Increased awareness and knowledge on financial topics help your employees be better equipped to handle life’s ups and downs. The more your employees know about their finances, the greater their chance of reaching good financial health.
*Must meet qualifications.
Growing Together Through a Business Partnership
Becoming a Business Partner is easy!
Simply fill out the quick and easy application forms (located below) and we will pick them up once they are signed.
Together, we will customize a plan to educate your employees about the partnership between Seven Seventeen and your business.
Not to worry... Seven Seventeen will produce, print, mail and deliver all materials at no cost to your business.
How soon can we get started?
Approval for your application to become a Business Partner typically takes anywhere from 4-8 weeks, during which we will spend time customizing and implementing a communication strategy to introduce our exciting partnership to your employees.
Progressive Services to Help Your Business Succeed