With an on-going commitment to highly competitive compensation and benefits, SchoolsFirst FCU announced salary increases, focused on contributing to the financial well-being of their team members.
The Credit Union increased its entry-level starting salaries for all hourly positions this month. For frontline team members, base salaries will now start at $18 an hour and increase up to $27 an hour, depending on position and experience. This is well above the California minimum wage of $15 per hour (for employers of 26 or more employees). For branch team members, the starting hourly salary will begin at $20, with opportunities to earn up to $31 an hour.
The Credit Union will adjust salaries for current team members whose base salary is below the new minimums, as well as provide an opportunity for all non-executive team members to earn more by increasing salary ranges by 5.5%.
“It’s important to us to recognize and compensate our team members for the important role they play in serving our Members, and for their dedication to providing the World-Class Personal Service our Members expect and deserve,” said SchoolsFirst FCU President and CEO Bill Cheney. “As an employer of choice, we want to ensure we are compensating our team for the incredible work they do, every day, to help countless Members live better financial lives and plan for tomorrow.”
“It is an exciting time for SchoolsFirst FCU. Our Credit Union has grown and continues to grow. Thanks to our loyal Members, we experienced over 9% Membership growth last year. It is part of our Mission to help our Members thrive financially, and this investment in our team will help us ensure our team members thrive as well,” Cheney added.
For more information about SchoolsFirst Federal Credit Union, visit schoolsfirstfcu.org
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Author: Mike Lawson
Married to a most gorgeous and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.