University of Iowa Community Credit Union Rewards Checking Accounts

Benefits of Working at the UICCU

What's important to our employees is important to us! The University of Iowa Community Credit Union is pleased to provide benefits that contribute greatly not only to your total compensation, but also to your personal well-being and that of your family. From comprehensive health care coverage to a generous retirement plan to discounted logo-wear, the UICCU's benefits take care of the people who take care of our organization!

The benefits listed below are available to all full-time employees. An overview of benefits for part-time employees can be found in a printer friendly handout below.

Wellness & Health Insurance Wellness & Health Insurance

Wellness Initiatives

From on-site wellness assessments to planning fun challenges and activities that occur year-round, we strive to be a "culture of well-being" through the UICCU Wellness program. In this journey, we have partnered with Health Solutions, a third party wellness provider, who operates as a confidential resource for our staff to help improve overall health and reduce risk. To us … a modest investment in Wellness is a significant investment in the health and future of our staff! All staff are eligible, and participation is voluntary.

Health Insurance

Health insurance coverage through Wellmark Blue Cross/Blue Shield is available to full-time employees of the University of Iowa Community Credit Union. UICCU offers two plans: a preferred provider organization (PPO) and a High Deductible Health Plan (HDHP). Both plans offer financial incentives for employees to receive health care services from a participating network of physicians, hospitals and health care professionals. Coverage for full-time hires begins on the first of the month following the completion of 60 days of employment. The Credit Union shares in the cost of the monthly insurance premium for both plans. All insurance participants new to our plan start with preferred insurance rates. Those who elect to participate in Wellness will remain at the preferred rates; those who choose not to participate will see medical premiums increase to the non-preferred rates annually in July.

Dental Insurance

Dental insurance coverage through Delta Dental of Iowa is available to full-time employees. Our plan has been designed to encourage preventative dental care for employees and their families. Coverage for full-time new hires begins on the first of the month following the completion of 60 days of employment. The Credit Union pays 72.5% of the monthly insurance premium.

For staff enrolled in the UICCU’s Delta Dental Plan, participants automatically have vision discount coverage available through a program called EyeMed Vision Care. This program provides discounts on eye exams, discounted pricing on lenses, savings on eyeglass frames, and more. There is no enrollment form to complete nor enrollment fee to pay. This is a free program available to all current UICCU Delta Dental subscribers. Coverage begins on the same day that Delta Dental coverage is effective.

Vision Insurance

Vision insurance coverage through VSP is available to full-time employees. Our plan has been designed to encourage the best care at the lowest out-of-pocket cost for employees and their families and provides benefits toward the cost of an annual eye exam, lenses and frames or contacts. Coverage for full-time new hires begins on the first of the month following the completion of 60 days of employment. Employees pay the full cost of the premium.

Flexible Spending Account (FSA) Plan

All health and dental insurance premiums are automatically deducted with pre-tax dollars through the Flexible Spending Account (FSA) program. The FSA program also offers additional voluntary opportunities for staff to pay for select monthly out of pocket expenses with pre-tax dollars, including both Medical Expenses and Dependent Care. By paying for these expenses on a pre-tax basis, taxable income is lowered resulting in more take-home pay for participating staff. New employees are eligible to participate in Dependent Care Reimbursement on the first of the month following 60 days of service. Staff are eligible to enroll in the medical care expense reimbursement program each year during open enrollment at the end of the calendar year.

Health Savings Account (HSA) Plan

Staff enrolled in the High Deductible Health Plan (HDHP) can elect to contribute to a Health Savings Account (HSA) to pay for qualified out-of-pocket medical, dental, or vision expenses. The HSA is a personal account separate from an employee's UICCU benefits that allows for pre-tax contributions. By paying for these expenses on a pre-tax basis, taxable income is lowered resulting in more take-home pay for participating staff. New employees are eligible to participate in the HSA if they enroll in the HDHP on the first of the month following 60 days of service.

Robin Hood Insurance Premium Incentive

Annually, the UICCU provides all staff who make less than $50,000 annually (as reported on their previous year’s W‑2), with an Insurance Premium Incentive, reimbursing staff for 15% of ALL employee paid health, dental, and vision premiums, based on prior year’s premiums paid.

Work Life Balance & Time Off Work Life Balance & Time Off

Flexible Time Off (FTO)

A Flexible time off (FTO) benefit is designed to foster balance between work and home. Through FTO, time away is not based on a bank of accruals. Rather, employees take time off at their discretion (and upon supervisor approval) to attend to personal needs. Many of us struggle to find the sweet spot where we feel valued and appreciated in our professional lives without having to sacrifice our personal lives. FTO uses an innovative approach to achieve that universally desired, but hard-to-find balance. Our goal is to further enhance our culture of trust where employees are empowered to manage their time which, in turn, allows them to return to work refreshed and ready to serve. FTO empowers employees to take ownership of their success.

Holidays

The University of Iowa Community Credit Union recognizes eight (8) paid holidays each year. Full-time employees receive eight (8) hours of holiday pay for the eight (8) recognized days during each full calendar year, or a fraction thereof, based on full-time hire date.

Medical Leave

FMLA is designed to help employees balance their work and family responsibilities by allowing them to take unpaid leave for certain family reasons. The UICCU takes this law a step further and allows this leave to be paid provided applicable policy provisions are met. Paid Medical Leave is to be used for any continuous or intermittent extended illnesses for employees or immediate family members and follows provisions of the UICCU’s FMLA policy. UICCU will provide up to 2 weeks of 100% paid medical leave; following two weeks, the UICCU will provide paid leave at 80% of the employee’s wage for up to an additional 10 weeks. To be eligible, the employee must have worked at the UICCU:

  • for at least 12 months and;
  • for at least 1,250 hours during the year preceding the start of the leave, and;
  • at a worksite where UICCU employs at least 50 employees within a 75-mile radius

Parental Leave

In order to assist and support new parents with balancing work and family matters, UICCU provides paid parental leave. This policy provides eligible employees with a period of time off for activities related to the care and well-being of their newborn or adopted child and follows provisions of the UICCU’s FMLA policy. To be eligible, the employee must have worked at the UICCU

  • for at least 12 months and;
  • for at least 1,250 hours during the year preceding the start of the leave, and;
  • at a worksite where UICCU employs at least 50 employees within a 75-mile radius

UICCU will provide up to 4 weeks of 100% paid parental leave to the parent serving as the primary care giver following the birth or adoption of a child, and must be used during the first six months following the birth or adoption. After 4 weeks, UICCU will provide paid medical leave at 80% for up to 8 additional weeks.

UICCU will provide up to 4 weeks of 100% paid parental leave to the parent serving as the secondary care giver following the birth or adoption of a child, and must be used during the first six months following the birth or adoption. Any time off exceeding 4 weeks will be considered unpaid time.

If both parents work for the UICCU, then the UICCU will provide a combined total of 12 weeks of paid leave for both caregivers.

Sabbatical Leave

A Sabbatical Leave Program is available for and required of all staff. Upon achievement of 15 years of service, and again at 25 years of service, employees will have two years to schedule and take a continuous four week paid leave. This sabbatical leave promotes a healthy balance between work and home and encourages both personal and professional growth through an extended leave period.

Retirement Retirement

401(k) Retirement Savings Plan

The University of Iowa Community Credit Union is pleased to partner with American Trust in providing employees with an opportunity to save for retirement. Employees may choose to participate in a Standard tax-deferred or Roth 401(k) retirement savings plan. Our tax deferred 401(k) retirement savings plan offers many advantages in comparison to utilizing typical savings accounts. With a 401(k) plan, the money invested is tax deferred – no taxes are taken out. Additionally, the interest earned on investments grows without having taxes withheld, so the total grows more quickly than it would without this tax advantage. With a Roth plan employees pay taxes on employee contributions now, and then upon retirement, no money (including earnings) is taxable upon withdrawal.

All employees are eligible and begin to participate in this plan on the first payroll following 60 days of service and attainment of age 18. As a participant, an employee may elect to contribute up to the IRS elective deferral limit each calendar year. The Credit Union offers a Safe Harbor Match for all participating staff. The UICCU also provides a discretionary match opportunity based on both employee contribution levels and years of service. For staff that have participated in the plan for less than 5 years, the total match opportunity is up to 5% (safe harbor plus discretionary). For staff that have participated in the plan for 5 years or longer, the total match opportunity is 11% (safe harbor plus discretionary.)

Employees are always 100% vested in the contributions they choose to defer, as well as in the Credit Union’s Safe Harbor Match contributions. Employees are vested in discretionary contributions after being employed for three (3) or more years in which 1000 hours or more have been worked.

Match calculations are as follows:

Employees with less than 5 years of service
Employee
Contribution
Safe Harbor
Match
Discretionary
Match
Total
1.00% 1.00% 0.25% 1.25%
2.00% 2.00% 0.50% 2.50%
3.00% 3.00% 0.75% 3.75%
4.00% 3.50% 1.00% 4.50%
5.00% 4.00% 1.00% 5.00%
6.00% 4.00% 1.00% 5.00%
7.00% 4.00% 1.00% 5.00%
8.00% 4.00% 1.00% 5.00%
9.00% 4.00% 1.00% 5.00%
10.00% 4.00% 1.00% 5.00%
11.00% 4.00% 1.00% 5.00%
12.00% 4.00% 1.00% 5.00%

Employees with 5 years of service or more
Employee
Contribution
Safe Harbor
Match
Discretionary
Match
Total
1.00% 1.00% 1.75% 2.75%
2.00% 2.00% 3.50% 5.50%
3.00% 3.00% 5.25% 8.25%
4.00% 3.50% 7.00% 10.50%
5.00% 4.00% 7.00% 11.00%
6.00% 4.00% 7.00% 11.00%
7.00% 4.00% 7.00% 11.00%
8.00% 4.00% 7.00% 11.00%
9.00% 4.00% 7.00% 11.00%
10.00% 4.00% 7.00% 11.00%
11.00% 4.00% 7.00% 11.00%
12.00% 4.00% 7.00% 11.00%
Peace of Mind & Supplemental Insurance Peace of Mind & Supplemental Insurance

Group Life Insurance

The UICCU provides all full-time employees with Group Life insurance coverage. The benefit value is 1.25 times total compensation to a maximum of $500,000 for Mortgage Loan Officers and exempt Wealth Management staff and 2.5 times annual base pay for all other staff to a maximum of $500,000. Life insurance coverage begins on the first of the month following the completion of 60 days of employment. Beneficiaries are appointed by the employee and can be changed at any time. There is no cost to the employee as premiums are paid by the Credit Union.

Accidental Death and Dismemberment Insurance

In addition to Group Life insurance coverage, the UICCU provides all full-time employees with additional coverage and protection in the event of accidental death or bodily injury. Accidental Death and Dismemberment insurance (AD&D) provides up 1.25 times to 2.5 times an employee’s annual base salary in the event of an accidental death and will cover for specified bodily injury losses subject to policy limitations. Coverage begins on the first of the month following the completion of 60 days employment. There is no cost to the employee as premiums are paid by the Credit Union.

Long Term Disability Insurance

The UICCU provides all full-time employees with protection against loss of income due to illness or injury with Long Term Disability insurance (LTD). The LTD benefit provides income to employees who are disabled and unable to work for a period of time. The Lifetime Critical Disability Supplement allows the benefit to continue for up to the employee’s lifetime. Benefits begin after 90 days of disability and cover 50% of an employee’s monthly salary on a pre-tax basis up to a maximum of $10,000. Coverage begins on the first of the month following the completion of 60 days employment. There is no cost to the employee as premiums are paid by the Credit Union, however employees are responsible for paying taxes on the premiums paid by the credit union.

Supplemental Insurance Coverage

Full Time staff are eligible to participate in a supplementary option for coverage as an extra measure of financial protection. Benefits provided by Allstate include Accident, Cancer, and Critical Illness. When you’re sick or hurt, these plans pay cash benefits to help you and your family cover unexpected expenses. The benefits are predetermined and paid regardless of any other insurance you have. New employees are eligible to participate in this supplemental coverage on the first of the month following 60 days of service. Premiums are deducted with after-tax dollars

Employee Assistance Program (EAP)

The success of the UICCU relies heavily on the productivity, creativity and the health of its employees and their family members. The EAP provides free, confidential services to employees and their immediate family members in an effort to help identify, prevent or solve a wide range of personal problems before they begin to affect and interfere with daily job performance or health. The EAP has trained specialists on staff 24-hours a day, seven days a week. Staff or immediate family members may contact the EAP directly at any time. The assistance sought is held in the strictest of confidence. The employee’s right to privacy is one of the most crucial aspects of this program. The cost of initial assessments and short-term counseling is covered by the Credit Union. Continued treatment or additional services are at the expense of the employee or family member, but may be covered by health insurance plans. Problems don’t have to be solved alone……….the EAP is just a phone call away, 24-hours a day, seven days a week.

Employee Perks Employee Perks

Financial Well-being

True to the UICCU's mission of "We improve the quality of life in our communities by promoting the financial well being of our residents" … our own employees' credit worthiness is of utmost importance to us! To that end, the UICCU works with all new and existing employees in review of their personal financial well-being to ensure that any financial products they have in hand, regardless of origin, are competitive and provided at an affordable rate. True to our value of "trust", our employees can place their vote of confidence in the UICCU as their preferred financial institution!

  • Student Loans Interest Reimbursement: Annually, the UICCU will reimburse qualifying employees for the interest payments made to their outstanding student loan debt under qualified Federal student loan programs. Minimum tenure requirements apply, along with annualized maximum payments.
  • Mortgage Closing Cost: Employees see a discount of $500 off of their closing costs.
  • UICCU Wealth Management: Employees receive a 10% annual discount on Comprehensive UICCU Wealth Management services.
  • Home Equity Loans and Lines of Credit: Employees do not pay documentation fees when closing on a home equity loan or line of credit.
  • Loan Rate Reductions: Employees see a 1.00% rate reduction off of the standard loan rate.

Employee Account Perks

  • Free Personal Checks
  • $500 EZ Access Line of Credit
  • Up to a $5000 Line of Credit, in the form of a UICCU Credit Card
  • Free Official Checks - Payable to a third party

Other perks include:

  • New Employee Lunch: Once a month, our CEO, Jeff Disterhoft, and Sr. VP/Human Resources, Sue Freeman, meet every new employee in the Financial Center for lunch. This lunch serves as a great opportunity for all to get to know each other better!
  • UICCU Casual Wear: The UICCU pays for 50% of all UICCU branded casual wear items that staff order.
  • Monthly Lunch Sponsors: On the second Friday of each month, UICCU staff get to enjoy lunch on the Credit Union's dime!
  • Beer and Beverage Cart Fridays: Once a quarter, staff are treated to a cold beverage of their choice at the end of the workday.
  • Employee Events: The Credit Union hosts a variety of employee events annually to keep that family feel which is a big part of our culture! Past events have included: Casino Night, Night at the Ballpark, and Holiday Parties.
  • Distinguished Dinner: Once a year, in recognition of Distinguished performance rankings, Jeff hosts a celebration dinner for eligible employees and their guests.
  • Service Awards: In five year increments, staff are recognized for their service to the UICCU, and are given an opportunity to shop for a Service Award from our vendor partner in recognition of loyalty, commitment, and hard work! Watch for a congratulations email from your HR team at anniversary time to begin the gift selection process!
  • Robin Hood Insurance Premium Incentive: Annually, the UICCU provides all staff who make less than $50,000 annually (as reported on their previous year’s W‑2), with an Insurance Premium Incentive, reimbursing staff for 15% of ALL employee paid health, dental, and vision premiums, based on prior year’s premiums paid.
  • Identity Theft Protection: UICCU has partnered with NXG Strategies to provide all staff with fully managed identify theft research, remediation and recovery. If you suspect theft for any reason, a professional Privacy Advocate will manage your recovery process to help restore your name and credit to pre-event status. They will handle the phone calls, paperwork and follow-up for you through a Limited Power of Attorney authorization. This service covers all types of identity theft, even if it is not related to your account.

On-Site Perks:

  • Fitness Center: State of the art cardio equipment is available on site at the UICCU’s Financial Center in North Liberty, Iowa, and is available for all staff and spouses to use at no charge! Our Wellness Center includes a variety of weight machines, dumbbells ranging from 5lbs-80lbs, kettlebells ranging from 5lbs-30lbs, and cardio equipment with television screens, including treadmills, ellipticals, a rowing machine, a recumbent and an upright bike.
  • Cantina: An onsite Cantina with a variety of hot and cold food and drink options is available for employees Monday through Thursday. A large grab and go section is also available at any time.
  • Onsite Dry Cleaning Pick-up: up - Dry cleaning services are available to staff located at the Financial Center (and may be available at some branches, check with your branch manager). Items can be dropped off, laundered, and returned for pick-up in the same week!
  • Onsite Catering: Be it a breakfast, lunch or a dinner meeting, onsite catering opportunities through our vendor partner, Aramark, are available at the Financial Center as well as Linn and Johnson County locations.
  • Onsite Book Fairs: Twice a year, the UICCU partners with Collective Goods to host an onsite book fair at the Financial Center providing staff with an opportunity to shop and support a good cause during their workday break. 10% of the funds raised are donated to United Way.

Corporate / Business Discounts

In partnership with local businesses and other vendor partners, a variety of corporate discounts are available to UICCU staff. The list of discounts updates frequently and can be reviewed by staff at any time.

Business Casual Dress Code Business Casual Dress Code

Staff have the option to dress professionally or in business casual attire 6 days a week, Monday through Saturday and are encouraged to "dress for their day". The UICCU is pleased to share half of the cost of any Credit Union logo wear shirt or sweater ordered, and there is no limit to the number of items can be ordered. This is a great opportunity for you to not only represent the Credit Union but also to enhance wardrobes at a very affordable cost!

Parking Parking

Parking is not always as easy as it sounds in the communities in which the University of Iowa Community Credit Union operates and serves its members. Many businesses expect employees to pay for their daily parking expenses. The Credit Union, however, continues to provide staff members with exceptional work environments, which to us, also extends to the parking lot! The convenience of available parking may vary from branch to branch, but the cost of parking remains consistent – FREE and at no cost to the employee.