Visions Federal Credit Union Benefits

Visions Federal Credit Union workers receive several options for pension and welfare benefits. A large number of American employers, like Visions Federal Credit Union, provide group health benefits for their employees, through which businesses typically foot the bill for a significant proportion of their workers' health insurance premiums. These contributions are tax deductible for businesses and tax-free for employees. Visions Federal Credit Union offers health and dental plans. Visions 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. Employer-financed retirement plans help to guarantee a steady cash source later in life. Visions Federal Credit Union offers defined benefit pension plans and defined contribution pension plans. A defined benefit retirement plan pays retirees a predetermined sum when they retire. With a defined contribution pension plan, companies help workers save and invest for retirement.