Benefits That Work for You

• Full-time employees receive 40 hours of vacation at hire.
• An additional 40 hours are granted on the one-year anniversary.
• After six months, employees may be allowed (with manager approval) to borrow from the second 40 hours.
• Starting the second year of employment, employees receive 80 hours of vacation each January 1.

Truity offers an Incentive Compensation Plan (ICP) that rewards employees with up to 8% of their annual salary.

• Plan Factors: Bonuses are based on:
  • Truity’s overall organizational performance
  • Each employee’s individual performance

Truity offers an optional critical illness policy, fully paid by the employee, to provide additional financial support during a medical crisis (subject to approval).

• Coverage Options:
  • $10,000 or $20,000 coverage limits
  • Employee (children included at no cost)
  • Employee + Spouse (children included at no cost)

Truity's Education Assistance allows employees to be reimbursed up to $5,000 per calendar year for education related expenses if the employee maintains a grade of B or better.

Additional life insurance may be purchased through the group plan. The rates are competitive and are payroll deducted. Employees may choose 1-5 times their annual base salary. Participation is subject to underwriting.

FMLA covers a serious health condition for a spouse, parent, or child; or when the employee is unable to perform the functions of his or her position because of a serious health condition. Eligible employees should have worked at least one year and worked at least 1,250 hours in the year.

We provide paid holidays each year, which include:

• Scheduled Holidays – observed on days the credit union is closed.
• Floating Holidays – flexible days employees can schedule with supervisor approval.

Truity offers comprehensive health insurance benefits, including medical, dental, vision, and prescription coverage.

• Eligibility: Coverage begins the first of the month after 30 days of employment for full-time employees working at least 40 hours per week.
• Coverage Options: Employees may choose Employee Only, Employee + Spouse, Employee + Children, or Family coverage.
• Plan Choices: Select between a traditional deductible plan or a high-deductible plan.
• Truity Contribution: Truity pays a generous portion of the premium, regardless of the coverage level.
• Plan Highlights:
  • $25 co-pay for regular doctor visits
  • $500 deductible
  • Prescription co-pays starting at $10 (retail and mail-order options available)

All employees will have an annual performance review with their managers to evaluate their progress within that year, and have the opportunity to set goals to work on for the next year. Performance reviews affect your potential merit increase and the Incentive Compensation Plan (ICP) as well.

Truity provides a $50,000 term life insurance policy for all eligible employees.

• Effective Date: Coverage begins on the first of the month following 30 days of employment.
• Policy Type: All life insurance programs offered are term life policies.

Sick leave benefits provide for income in times when a person is unable to work because of their own sickness or because of the sickness of an immediate family member. The amount of time available is based upon years of service.

This policy provides salary benefits for an employee who is off work for more than 90 days due to an approved medical disability. The benefit is equivalent to two-thirds of the base salary on the last day worked. The credit union pays 75% of the premium.

Truity offers a robust 401(k) retirement plan with generous contributions to help employees plan for the future.

• Eligibility: Available to employees age 20 or older, beginning the first of the month after 30 days of employment.
• Automatic Enrollment: Employees are automatically enrolled at a 3% contribution rate, unless an alternative election is made. Contributions automatically increase 1% per year up to 6%, unless opted out. Employees may adjust or opt out at any time.
• Employer Contributions:
  • After 30 days of service:
    • $1-for-$1 match on employee contributions, up to 2% of monthly salary
    • 4% safe harbor non-elective contribution provided by Truity, regardless of employee contribution
  • After 1 year of service:
    • $2-for-$1 match on employee contributions, up to 2% of monthly salary
• Plan Features:
  • Choice of Roth or Traditional 401(k)
  • Immediate rollover available from a previous 401(k) plan
  • Full vesting after just 3 years of employment

Under our insurance plan, employees enjoy all well care visits and preventative care paid at 100%.

All employees are eligible to advance to regular full time positions as they become available, as well as other positions within the credit union.

Truity offers optional life insurance coverage for employees’ eligible dependents.

• Coverage Options:
  • Up to $250,000 for a spouse
  • Up to $10,000 for each dependent child
• Limitations: Dependent coverage may not exceed the employee’s own coverage amount.
• Eligibility: Participation is subject to underwriting approval.

Truity provides bereavement leave as paid time off to cover for absences in the event of a death in the family.

A Flexible Spending Account allows for employees to set aside pretax dollars for both medical care and dependent care expenses, which provides a tax savings by participating.

The EAP program provides free, confidential counseling sessions to employees and their immediate family. The program is paid for by Truity and allows employees up to five counseling sessions per incident at no charge.

Employees enrolled in Truity’s health insurance have access to the ZERO Card, a benefit that helps make healthcare more affordable for employees and their families.

• How It Works: When you use a participating ZERO provider, you pay $0 for thousands of medical procedures and services.
• Covered Services Include: Surgeries, physical therapy, imaging, lab work, and more.

Truity offers a robust 401(k) retirement plan with generous contributions to help employees plan for the future.

• Eligibility: Available to employees age 20 or older, beginning the first of the month after 30 days of employment.
• Automatic Enrollment: Employees are automatically enrolled at a 3% contribution rate, unless an alternative election is made. Contributions automatically increase 1% per year up to 6%, unless opted out. Employees may adjust or opt out at any time.
• Employer Contributions:
  • After 30 days of service:
    • $1-for-$1 match on employee contributions, up to 2% of monthly salary
    • 4% safe harbor non-elective contribution provided by Truity, regardless of employee contribution
  • After 1 year of service:
    • $2-for-$1 match on employee contributions, up to 2% of monthly salary
• Plan Features:
  • Choice of Roth or Traditional 401(k)
  • Immediate rollover available from a previous 401(k) plan
  • Full vesting after just 3 years of employment

Truity offers an Incentive Compensation Plan (ICP) that rewards employees with up to 8% of their annual salary.

• Plan Factors: Bonuses are based on:
  • Truity’s overall organizational performance
  • Each employee’s individual performance

All employees will have an annual performance review with their managers to evaluate their progress within that year, and have the opportunity to set goals to work on for the next year. Performance reviews affect your potential merit increase and the Incentive Compensation Plan (ICP) as well.

Truity's Education Assistance allows employees to be reimbursed up to $5,000 per calendar year for education related expenses if the employee maintains a grade of B or better.

All employees are eligible to advance to regular full time positions as they become available, as well as other positions within the credit union.

The EAP program provides free, confidential counseling sessions to employees and their immediate family. The program is paid for by Truity and allows employees up to five counseling sessions per incident at no charge.