Take a Holistic View of Employee Health

Innovative CUs encourage staff to be financially and physically fit.

June 7, 2014

Allegacy FCU Fit and Friendly

The American Heart Association (AHA) named Allegacy FCU a platinum-level "Fit-Friendly Worksite." Left to right: Garrick Throckmorton, Allegacy FCU; Dr. Jim Hoekstra, Heart Walk co-chair; Cathy Pace, Allegacy FCU; Sharon Sturkie, AHA; and Annette Knight, Allegacy FCU.

Employees who are financially and physically fit experience less stress and better serve members, say innovative leaders at McGraw-Hill Federal Credit Union and Allegacy Federal Credit Union.

Staff at McGraw-Hill Federal participate in some level of financial wellness training, from financial management fundamentals up to a formal personal financial counseling certification.

“Informed employees are better able to plan and manage their own finances, as well as use what they have experienced and learned to guide members along the proper path for their financial wellness,” says Shawn Gilfedder, president/ CEO of the $310 million asset credit union based in East Windsor, N.J.

The training reinforces McGraw-Hill Federal’s commitment to its employees, and its value proposition of providing financial solutions to meet members’ needs rather than making sales for sales’ sake.

“Our employees recognize that we are committed to them,” Gilfedder says.

The American Heart Association recognized Allegacy Federal, of Winston-Salem, N.C., as a platinum- level “Fit-Friendly Worksite” for helping employees eat better and improve their physical activity.

The $1 billion asset credit union’s AllHealth wellness program provides employees such perks as biometric screenings, onsite health and wellness coaching, financial and paid time off incentives, discounted YMCA memberships, and monthly fruit deliveries.

And Allegacy Federal created “Wellness Corners,” where employees can reduce stress by listening to music and reading health-conscious materials.

The wellness emphasis has improved productivity, attendance, and employee morale, and prompted a 75% reduction in employees in the high-risk stratification.

“We are committed to providing the best workplace environment possible as this will benefit our employees’ health and produce even more positive results for our worksite overall,” Allegacy Federal CEO Cathy Pace says.