Select Employer Groups Benefits
If your employer is enrolled in our SEG program, you qualify for these additional benefits!
SEG Rewards & Membership Benefits1
Complimentary financial planning review2
A good financial plan helps your employees prepare a secure future for themselves and their families. SEG benefits often include complimentary financial plan reviews for employees.
One-time 0.25% loan discount3
Provide employees a one-time discount of 0.25% off the interest rate for qualifying loans.
Nationwide ATM access
With our ATM network, your employees can access their money from more than 30,000 ATMs nationwide. Plus RCU will reimburse up to 4 out-of-network fees a month4 so your employees can get cash nearly anywhere.
Health Savings Account5
Health savings accounts (HSAs) are a great benefit for your employees. HSAs allow you to put aside money for employees to use on qualified medical expenses when need arises.
Affordable home loans
Your employees can open the doors to home ownership with our affordable home loans.
$25 cash when opening an account6
Employees who work for one of our SEGs get $25 cash in their first month to give their new account an extra boost!
And more...
View all featuresTwo ways to join:
In-branch
Make an appointment to open your account at your nearest branch and mention your employer to access your Select Employer Group benefits.
Online
- Open an account.
- Return here to complete the SEG Connect Form so we can link your account to your Select Employer Group benefits.
Financial Health Seminars
Did you know that a Pricewaterhousecoopers survey found that 46% of employees spend more than 3 hours during the workweek dealing with or thinking about financial issues? We are proud to provide financial wellness seminars to help your employees with their financial understanding and security. Here are the most popular topics:
• Building a Better Budget
• Goal Setting and Achieving the Financial Goals That Matter to You
• Give Yourself Some Credit
• Saving and Investing
• Understanding Home Ownership Financing Choices
Additional helpful resources:
Join our SEG reward program
RCU's Select Employer Group (SEG) program enhances your employee benefits package by providing financial benefits and financial wellness for your employees at no charge to your company and with no contract to sign.
More than 600 companies and organizations currently participate in our SEG program to help support their employees’ financial wellness.
-
1SEG rewards program available to employees of RCU SEG partners only. Proof of employment is required and all rewards must be applied for and/or redeemed within ninety (90) days of joining RCU. To redeem SEG benefits, please give us a call or stop by one of our branches. Certain restrictions may apply. All special offers subject to change without notice.
2Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Redwood Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union Members.
3Loan discount available on a new RCU closed-end loan or refinanced closed-end loan from another lender.
4First two non-RCU ATM fees reimbursed with checking; first four non-RCU ATM fees reimbursed with checking and active RCU loan or credit card. Active = at least one transaction or payment in prior month. Casino/gambling and ATMs outside U.S. excluded.
5Must be enrolled in a qualifying high-deductible health plan (HDHP) and meet other eligibility requirements. Check with your health insurance provider to determine if your health plan coverage is HSA-compatible. Refer to IRS Publication 969 for additional information. Consult your tax advisor for additional information.
6Checking account credited $25 after first direct deposit.
7Insurance products are not deposits of RCU, and are not protected by the NCUA. They are not an obligation of or guaranteed by RCU and may be subject to risk. Any insurance required as a condition of an extension of credit by RCU need not be purchased from RCUIS and may be purchased from an agent or an insurance company of the Member’s choice. RCU Insurance Services (RCUIS) is a wholly owned subsidiary of RCU. Business conducted with RCUIS is separate and distinct from any business conducted with RCU. License no. 0D91054 NPN no. 7612227. Credit counseling provided by RCU’s credit counseling partner, Balance.
8Free checks are the RCU corporate image checks only.
All Features
-
Complimentary financial planning review¹
A good financial plan is crucial for you and your family's security and happiness, so SEG benefits often include complimentary financial plan reviews for employees.
-
One-time 0.25% loan discount²
Provide employees a one-time discount of 0.25% off the interest rate for qualifying loans.
-
Access to 30,000+ ATMs
With our ATM network, your employees can access their money from more than 30,000 ATMs nationwide.
-
Health Savings Account³
Health savings accounts (HSAs) are a great way to offer employees benefits. HSAs you to put aside money for employees to use on qualified medical expenses whenever they need.
-
Affordable home loans
Your employees will love affordable home loans with a SEG, which makes buying a house possible.
-
$25 cash when opening an account⁴
When you open a SEG account, you'll get $25 cash in your first month to give an extra boost to your new account.
-
Free consultations and quotes7
Financial health should be a priority for employees. That's why a SEG provides free financial consultations and quotes that will keep their finances in order.
-
Free box of RCU standard design checks8
Receive one free box of RCU standard design checks for each of your employees.
-
ATM fee reimbursement4
Receive reimbursements on ATM fees if you need to withdraw cash at a non-network ATM.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
Leaving Our Website
You are leaving our website and linking to an alternative website not operated by us. Redwood Credit Union does not endorse or guarantee the products, information, or recommendations provided by third-party vendors or third-party linked sites.