Visions Federal Credit Union Benefits

At Visions Federal Credit Union, employees receive several options for pension and welfare benefits. Like Visions Federal Credit Union workers, numerous members of the American workforce take advantage of group health insurance funded by their employer, through which a large portion of each employee's health insurance premium is covered by their employer. In this arrangement, employers are provided with tax deductions for their contributions and workers collect the benefits tax-free. Visions Federal Credit Union offers health and dental benefits. 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-sponsored retirement plans help to secure a steady cash source later in life. Visions Federal Credit Union provides defined benefit pension plans and defined contribution pension plans. Workers at companies with defined benefit retirement plans are provided with a predetermined sum upon retirement. With a defined contribution pension plan, employers help employees save and invest for retirement.