Houston Federal Credit Union Benefits

At Houston Federal Credit Union, employees collect some pension plans and welfare benefits. Numerous companies in the United States, like Houston Federal Credit Union, sponsor group health benefits, through which businesses typically cover a sizable proportion of their employees' health insurance premiums. In this setup, businesses collect tax deductions for their contributions and workers are given the coverage tax-free. Houston Federal Credit Union provides health and vision benefits. Houston Federal Credit Union also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. To help ensure a steady cash flow later in life, a large number of employees rely on employer-financed retirement plans. Houston Federal Credit Union provides defined contribution pension plans. With a defined contribution pension plan, employers help workers save and invest for retirement.