Fringe benefits help you attract and retain good employees in today’s competitive employment market and one benefit that provides great value at little or no cost to you is credit union membership for your employees!
Credit unions are not-for-profit financial institutions that tend to offer the same services to consumers as banks, but usually with lower fees and better rates. Individuals who open accounts are members, not"customers," and become part owners of the credit union. A member volunteer Board of Directors, sets policies and helps determine the strategic direction of the Credit Union.
The Johns Hopkins Federal Credit Union (JHFCU) is a full-service financial institution founded in 1971 to serve the Johns Hopkins University employees. Since then, the organization has expanded and today provides members with economical financial services like free checking, free online bill payment with direct deposit*, high-rate savings accounts, low-rate loans, and a convenient, flexible ATM program that includes access to more than 26,000 surcharge-free ATMs!
*JHFCU’s Online Bill Payment service is free with direct deposit provided you pay at least one bill per month. Accounts that become inactive or do not have direct deposit will be charged the monthly fee of $4.95. You must have a JHFCU Checking account to use the bill payment service.
As a business partner, your company can begin to reap the same great benefits that many other Johns Hopkins affiliates have come to value with the Johns Hopkins Federal Credit Union.
2. A JHFCU Business Development Representative will follow up with you within approximately 48 business hours after submission
3. Due to NCUA regulations, the approval time of your application may vary.
JHFCU members with direct deposit receive many discounts and extra benefits, so we encourage all members to elect direct deposit of their net pay to the Credit Union. If your company offers direct deposit, we ask you to offer direct deposit to JHFCU. JHFCU provides the option of being able to allocate employees’ pay into various accounts (e.g., savings, checking, holiday club) automatically, at no charge, to provide convenient money management.
To sign up for direct deposit, your employees will need our routing number (252076235), their 9-digit JHFCU account number, and will need to indicate whether the net pay should be deposited to checking or savings. If they wish to “split” funds between accounts within JHFCU, they can use our ACH Payroll Deduction Form (PDF).
The first step in a successful partnership is to make Credit Union services available to your employees. Then we ask that you take an active role in the relationship. We will provide materials and make site visits at your request and convenience. We also ask that you let us know what you need, and help us communicate the Credit Union benefit to your employees.
JHFCU is happy to supply materials and provide support. Just contact your Business Development Representative at the number below, or you can print the following for immediate use.
If you have any questions, comments, or concerns abou thet Johns Hopkins Federal Credit Union's benefits to your company, please contact our Business Development Specialist (below). We will be more than happy to help you in any way!
Business Development Specialist
2027 E. Monument St
Baltimore, MD 21287
410-534-4500 ext 259