Select Employer Group

What is a Select Employer Group (SEG)?

Select Employer Groups, often referred to in the Credit Union as SEGs, are employers who are affiliated with a specific credit union, making their employees eligible for membership. It is not uncommon for a credit union to have been founded by a group of employees to specifically serve their company, and then eventually grow to include other SEGs as well.

One of the reasons people are motivated to create or join credit unions is the knowledge that, as a not-for-profit institution, any profits generated are returned to the members in the form of higher dividends, lower loan rates, and fewer fees when compared to banks - whose profits go to corporate shareholders. Each account holder at a credit union is also a shareholder, giving them a voice in credit union decisions as well as the ability to elect board members and attend annual meetings.

A fundamental principle for all credit unions is the idea of helping people and being an active, positive force in the community. ARC and our staff are actively involved in many local charities and non-profit organizations and encourage employees to dedicate volunteer time to these organizations as well. If you are part of a non-profit organization, your group may also apply for SEG status with ARC.

SEG status is free and easy to obtain - simply write a letter requesting the credit union include your company/organization in their Field of Membership as a SEG. ARC has a blank letter available to fill in with your information to make sure we receive everything we need to process your request. As a SEG, all of your employees will be able to open accounts at the credit union and experience the benefits listed above, as well as friendly, accommodating service aimed at becoming more financially successful. Additional employee support, in the form of online financial education, on-site seminars and targeted discounts or promotions, are also available.

Contact ARC's Marketing Coordinator for more information!