Credit Union Journal and Best Companies Group recognizes Xceed Financial for offering one of the highest-quality workplaces in the industry
EL SEGUNDO, CA (November 13, 2014) -- Xceed Financial Credit Union is among the 30 credit unions Credit Union Journal and Best Companies Group has selected as winners of the Best Credit Unions to Work for 2014, a national survey and awards program designed to identify, recognize, and honor credit unions that have excelled at creating quality workplaces for employees.
“We take great pride in not only offering best-in-class financial products and services for our members, but in fostering a rewarding, engaging work environment for our nearly 200 associates,” said Teresa Freeborn, President and Chief Executive for Xceed Financial. “This honor demonstrates our commitment to treating every associate well through our exceptional perks and benefits packages, performance-based incentives, focus on health and wellness, and fun activities that encourage camaraderie.”
The Best Credit Unions to Work for selection process involved two steps. First, judges evaluated each participating credit union’s workplace policies, practices, and demographics, which counted for approximately 25 percent of the total evaluation. Second, employees of the participating credit unions completed surveys aimed at assessing the experiences and attitudes of individual employees with respect to the workplace, which was worth approximately 75 percent of the total evaluation. The combined scores determined the best credit unions and final ranking. Best Companies Group managed the overall registration and survey process, as well as analyzed the data and used their expertise to determine the final ranking.
To be considered for participation, credit unions had to fulfill the following eligibility requirements: have at least 25 employees working in the U.S., and fit into one of the program’s asset size categories (over $1 billion, $500 million to $1 billion, $200 million to $500 million, and under $200 million).
The full Best Credit Unions to Work for list is featured in the October 20, 2014 issue of Credit Union Journal and will be available online at CUJournal.com. More information on the program can be found at BestCreditUnionsToWorkFor.com.
About Xceed Financial Credit Union
Headquartered in El Segundo, Calif., Xceed Financial Credit Union is a federally chartered workplace credit union that focuses on meeting the needs of businesses and their employees throughout the United States. Celebrating 50 years of service, the credit union started in 1964 as Scientific Data Systems Credit Union and later became Xerox Federal Credit Union in 1970. A new name and brand identity were launched in 2008 to reflect the credit union’s expanded field of membership and new business model. A recipient of BauerFinancial’s highest rating for financial institution performance, five stars, Xceed delivers personal banking and financial literacy directly to “select employer groups” (SEGs) and is proud to help nearly 65,000 members realize their dreams. Xceed Financial has over $1.2 billion in assets under management and 13 Financial Centers in five states.