Written by Cyndi Thompson, Vice President of Client...
For Immediate Release:
Cinder and First Tech are pleased to report that between May 1st and July 31st, employees participating in our incentivized savings plan have saved over $6,500, resulting in over $600 in bonus payouts.
Recent studies have found that a large percentage of American households have little to no emergency savings – this creates financial hardships when unexpected expenses arise. In an effort to empower our awesome team members and encourage good savings habits, Cinder has partnered with First Tech Federal Credit Union to offer the Vital Savings Plan.
Cinder employees can sign up for the program anytime between May 1st and October 31st and earn bonus payouts from First Tech for increasing their savings balance during the plan period. For example, an employee who saves $40 per pay period between May 1st and October 31st would save $480 and earn an extra $75 in bonuses by mid-November, just in time for the holidays.
In the interest of improving employees’ overall financial wellness, Cinder is also providing multiple financial health and financial literacy training opportunities and tools to its employees throughout the year. First Tech also offers a variety of financial training and planning services to all members.