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Employee Benefits
Full Time |
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| Medical |
Kitsap Credit Union offers eligible employees a choice of three medical coverage plans. Those eligible are regular full-time employees, working 40 hours/week, and regular part-time employees working at least 20 hours/week, that have completed 90 days of employment. Eligibility begins on the first day of the month following 90 days of regular employment. Kitsap Credit Union contributes towards the cost of eligible employees' medical coverage. Employees may add spouse or dependents through a payroll deduction.
NOTE: This is a brief summary of the benefits. The master contract issued by the applicable carrier shall supersede all other documents. |
| Vision |
Kitsap Credit Union offers eligible employees vision coverage. KCU pays 100% of the employee premium. Employees may add spouse and/or dependents through a payroll deduction. Those eligible are regular full-time employees, working 40 hours/week and have completed 90 days of full-time employment. Eligibility begins on the first of the month following the 90 days of full-time employment. |
| Dental |
Kitsap Credit Union offers eligible employees dental coverage of which, 100% of the employee premium is paid by KCU. Employees may add spouse and/or dependents through a payroll deduction. Those eligible are regular full-time employees, working 40 hours/week and regular part-time employees working at least 20 hours/week and have completed 90 days of full-time employment week. Eligibility begins on the first of the month following 90 days of full-time employment. |
Life
Insurance |
Kitsap Credit Union pays 100% of your group life insurance premium through Standard Insurance of Oregon. Coverage is two times your annual earnings, up to a maximum benefit of $200,000. Eligible employees are regular full-time employees, working 40 hours/week and have completed 90 days of full-time employment. |
Long-Term
Disability |
In the event that you become disabled while employed at Kitsap Credit Union and are no longer able to work, KCU has a long term disability plan through Continental Casualty Company. The benefit percentage is up to 60% of your monthly earnings or $7,000/month, whichever is less. Kitsap Credit Union pays 100% of this premium. Eligible employees are regular full-time employees, working 40 hours/week and have completed 90 days of full-time employment. |
Flexible
Spending
Account |
Kitsap Credit Union offers a tax-savings opportunity that allows full and part-time employees to pay for certain dependent care expenses, out-of-pocket insurance premiums and medical expenses with pre-tax income. |
401(k)
Savings
Plan |
Kitsap Credit Union currently offers a 401(k) Savings Plan to help employees save for retirement on a tax-deferred basis. KCU will contribute to 3% of the employee's compensation to the plan once the employee is eligible to participate. Eligible employees are 21 years of age or older, have one year of service with a minimum of 1,000 hours worked during the year. Fifteen (15) investment options are currently available including Stable, Bond, and Balanced accounts. Numerous US Stock accounts are available (Large-Cap, Mid-Cap, Small-Cap) with varying objectives (Value, Growth, Blend), as well as an International Stock fund. |
Kitsap Credit Union is an Equal Opportunity/Affirmative Action Employer
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Federally insured by NCUA
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Equal Housing Lender
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©2008 Kitsap Credit Union. 360.662.2000
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