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CU System
Northwest FCU implements gas subsidies for employees
HERNDON, Va. (8/7/08)--Northwest FCU (NWFCU) has taken steps to ease its employees’ pain at the pump by implementing a temporary gas subsidy program. The six-month program is designed to aid non-management staff who commute 10 miles or more from their homes to their branch/office location. As gas prices continue to impact employees’ budgets, the subsidy is a step toward providing employees and their families some relief, said the credit union. Like employees in many metropolitan areas, many NWFCU employees live well outside of counties close to Washington, D.C. Several staffers live as far as West Virginia, southern Virginia and northern Maryland and travel more than 70 miles one-way to the credit union. NWFCU’s gas subsidy program is in effect at least through year-end. Currently, 30% of the credit union’s 300-employee work force has enrolled in the confidential program. “When the gas subsidy was announced, I was touched by the gesture. Even though NWFCU can’t fix gas prices, it is nice to know it is trying to help,” commented one employee through the credit union’s anonymous Intranet e-mail. “It’s a good feeling to know your employer is in touch with the [impact of] high gas prices on us.” NWFCU also has added a carpool directory on its Intranet to help employees locate co-workers in their neighborhood who are interested in ride sharing. “The gas subsidy program is just one way we are trying to help our employees during this turbulent economy,” said Gerrianne “Winky” Burks, NWFCU president/CEO. “Application for the subsidy is kept completely confidential, as our goal is to ensure any employee who needs help, gets help--without reservation.” NWFCU is a $1.5 billion asset, Herndon Va.- based credit union.
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