Neighbors Credit Union introduces On-Demand Pay for its team
ST. LOUIS, MO (July 5, 2022) — Neighbors Credit Union launched On-Demand Pay for its team members, giving them the financial flexibility to receive wages earned earlier, making any day payday if desired.
“We are excited to bring early, on-demand pay to our team. As day-to-day purchases, bill payments and budgets are often scheduled around when they receive their paycheck, on-demand pay can help reduce financial stress,” explains David Wilhelm, Chief Team Experience Officer. “Financial wellness begins with our team. By providing this cash flow flexibility, we can make managing money easier for our team members and improve their workplace satisfaction.”
Earlier this year, the Credit Union introduced early availability of direct deposits for its members, up to two days early. “We are always looking for ways to serve our members better,” says Jason Heath, President/CEO. “In these uncertain times of rising costs and increasing inflation, making it easier for members (and employees) to access their funds early affords them confidence and convenience in living their lives and managing their money.”
For more information regarding this announcement, contact Paula Anderson, Sr. Vice President – Marketing at 314-737-6355 or pfanderson@neighborscu.org.
About Neighbors Credit Union
Neighbors Credit Union serves more than 45,000 members in the St. Louis metro area providing exceptional experiences, personal and business financial solutions, and trusted advice. The Credit Union is recognized by Forbes Magazine as a 2021 Best in State Credit Unions for Missouri, earning the top ranking for Missouri.
Founded in 1928 by a group of U.S. Postal workers, Neighbors Credit Union is the region’s sixth largest credit union with more than $500 million in assets and 9 branches serving members throughout the community. The Credit Union is a full-service, independent financial institution, owned and operated by its membership, chartered by the state of Missouri, and federally insured by the National Credit Union Administration (NCUA)
