Category: Over $1 Billion in Assets
East Lansing, Mich.
Assets: $2.7 billion
No. of employees: 578
President and CEO: Patrick McPharlin
Cookies and treats liven up the office at MSU Federal Credit Union, especially around the holidays. But employees have an incentive to resist sugary temptation this year — and an incentive to ensure their coworkers aren't tempted either.
A wellness challenge launched this fall is encouraging MSU employees to avoid weight gain during the food-friendly holiday season, said Kimberly Larsen, an HR generalist at MSU.
As part of the "Maintain, Don't Gain" challenge, employees are putting $5 each into a pot. Those who maintain their weight will win a share, and the credit union will kick in more money, depending on how many employees overall meet the goal, Larsen said.
The $2.7 billion CU has been holding quarterly wellness challenges for about five years, according to Larsen. The attention to maintaining health has helped the credit union blunt rising insurance costs, and continue paying premiums for employees and their families, she said.
"We're very, very pleased to pay 100% of medical dental and vision health care premiums."
Founded in 1937, MSU operates 13 branches serving more than 190,000 members.