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Employee Benefits

Northwest Federal Credit Union offers a comprehensive benefits package and a work environment that encourages your growth and supports the mutual success of our people and our credit union. Our benefits give you the flexibility and control to choose the benefits that best suit the your needs. 

This site provides a brief, general overview of the health care, income protection, investment/retirement and work/life benefits as well as some of the extras available. More comprehensive benefit materials are available upon hire. We encourage you to look through our benefit offerings and learn about how NWFCU cares about our people, their families and long-term well being. 

When you join the NWFCU team, you can expect great things, including:

• 401(k) Savings Plan
  Northwest Federal Credit Union 401(k) Savings Plan provides employees the ability to save for their retirement. Our 401k Plan allows employees to save up to the federal limits of their pay on a pre-tax basis. NWFCU offers a match, which becomes fully vested after 3 years of employment.  The plan offers several investment funds in which employees may invest their contributions. Northwest Federal Credit Union accepts rollover contributions from other qualified plans such as from a former employer's plan.

• Medical 
  Full and part-time regular employees are eligible for medical insurance on the date of hire. NWFCU offers two separate plans; a PPO and an EPO plan through CareFirst Administrators (a Blue Cross Blue Shield program).  Dependent children are covered up until the age of 26.
  
  Both medical plans offer comprehensive care – including coverage for hospitalization, surgery, doctors' visits, prescription drugs, mental health and substance abuse care.

• Dental Insurance
  Under the Delta Dental program, NWFCU offers the PPO and Premier dental coverage plans allowing the employees the option to select the best coverage for their needs.

• Prescription Drug Coverage
  The PPO and EPO plans provide prescription drug coverage, through which most drugs are covered at 100% after a co-payment of $5 for generics, $10 for preferred brand-name drugs and $25 for non-preferred brand-name drugs. Also offered is a mail order benefit, which provides a 90-day supply for two co-payments.

• Vision Care Coverage
  Vision care coverage is offered through the Davis Vision Plan.  

• Health Care Reimbursement Account
  A Health Care Reimbursement Account helps employees pay for eligible health care expenses such as deductibles, co-payments, and services that the employee or the employee's covered dependents' medical, dental, and vision care plans do not cover or cover only in part. Through payroll deductions, employees may set aside on a pre-tax basis up to $5,000 per year in this Flexible Spending Account (FSA).

• Dependent Care Reimbursement Account
  A Dependent Care Reimbursement Account helps our employees pay for eligible dependent care expenses using pre-tax dollars. Examples of eligible expenses include most forms of child care up to the age of 13, as well as certain forms of adult care necessary in order for the employee and their spouse, if married, to work or go to school full time. Through payroll deductions, the employee may set aside on a pre-tax basis up to $5,000 per year if single and $2,500 if married and filing separate returns.

• Income Protection Benefits
  Short and Long Term Disability Insurance benefits are provided to all full-time regular employees at no cost to the employee. If the employee becomes disabled (as defined by the plan) and are unable to work as a result of an accident or illness while employed by NWFCU, the employee will have an income of 66 2/3% of their salary for Short and Long Term Disability while recuperating. Coverage is effective on the first of the month following the date of hire.

• Life Insurance
  Life insurance is provided at no cost to all full-time regular employees by the Credit Union. Benefits are equal to two times an employee's annual salary rounded to the nearest thousand to a maximum of $500,000. Life insurance is effective on the first of the month following the date of hire.

• Optional Life Insurance
  Optional life insurance is a voluntary benefit offered to our employees to help them meet their personal life insurance needs. 

• Educational Reimbursement
  NWFCU supports continuous education through this program. Full-time regular employees are eligible for reimbursement for approved work related courses, seminars, and certifications. This benefit is available after successful completion of the 6-month introductory period.

• NWFCU Membership Eligibility
  All NWFCU employees are eligible to join the Credit Union and take advantage of NWFCU's financial services. Employees receive a $5.00 initial deposit in their share savings account and free checks.

• Holidays
  Full-time regular employees receive holidays (observed by the Federal Reserve) as time off with pay.

• FUN Day
  Full-time and part-time employees receive a “Fun Day” certificate each year during their birthday month. This “Fun Day” may be used as a paid day off within 30 days of the employee's birthday.

• LifeWorks
  The LifeWorks program is a 24-hour employee assistance program and resource and referral service designed to assist employees with a wide range of work/life needs. LifeWorks offers face-to-face sessions on specific issues, online articles, workshops, locators, free booklets, audio recordings and various materials to help you get the answers you need in the format you want.

• Vacation
  Full-time regular employees earn vacation based upon length of employment. Part-time regular employees earn vacation based upon the number of hours they work. 

• Sick Leave
  Full-Time and part-time regular employees accrue sick leave on a per pay basis. 

• Fitness Center
  NWFCU 's on-site fitness center allows employees the chance to work out and stay fit by providing the full range of weight machines, treadmills, lifecycles and step machines. 

• On-site Child Care Center
  An on-site childcare center run by the Chesterbrook Academy is available at our Herndon campus. Priority enrollment and discounted tuition fees are given to NWFCU employees.

Northwest Federal Credit Union is an equal opportunity employer. In order to provide equal employment and advancement opportunities to all individuals, employment decisions at NWFCU will be based on merit, qualifications, and abilities. NWFCU does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national origin, age, disability or any other characteristic protected by law. EOE/M/F/D/V

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