9 Credit Unions Named 2019 Detroit Free Press Top Workplaces
The 2019 Detroit Free Press Top Workplaces competition recognized nine Michigan credit unions through three categories: large, midsize and small companies.
ELGA Credit Union placed third in the midsize category. The $700-million-asset credit union employs more than 200 workers.
“There are no secrets kept from our associates,” ELGA CEO Karen Church told the Free Press. “We communicate to the entire organization in a daily ‘Line-Up,’ weekly webinar and monthly team meetings. In addition, every associate is provided one-on-one time each month with their leader as we work to understand any potential roadblocks that may get in the way of expected results.”
Church emphasized the credit union’s focus on a “family-type atmosphere” and an environment that is fun, fulfilling and challenging for employees.
To cultivate an enriched workforce, ELGA regularly invests in training programs that Church said helps individuals both at work and in their personal life. The credit union also rewards workers with financial rewards and recognition.
“We have a terrific gainsharing program that rewards every position based on organizational goal achievement. This is paid out quarterly to keep everyone motivated to do their best,” Church continued. “We also recognize people in different ways for their performance and expected behaviors. One of my favorites is our ‘Footprint’ electronic note program, which allows anyone to recognize someone when they have witnessed an above-and-beyond action.”
The CEO also spoke to the Free Press about the credit union’s culture, which reinforced by fun activities outside the office, like the several 5K walks/runs they hold each year or hundreds of other community programs, which encourage employees to volunteer their time.
“It helps us learn more about each other as we follow the philosophy of ‘people helping people’ while providing invaluable service to other organizations needing our help.”
“ELGA, led by Karen Church and a dynamic team, exemplify how credit unions understand the importance of a great company culture,” said Michigan Credit Union League President/CEO Dave Adams. “This is great recognition for our industry and especially for ELGA.”
The following eight Michigan credit unions were also recognized:
- MSU Federal Credit Union, 5th place, Large
- DFCU Financial, 12th place, Large
- Michigan First Credit Union, 7th place, Midsize
- Michigan Schools and Government Credit Union, 17th place, Midsize
- Community Choice Credit Union, 24th place, Midsize
- Genisys Credit Union, 31st place, Midsize
- CP Federal Credit Union, 36th place, Midsize
- University of Michigan Credit Union, 40th place, Midsize
