Credit Union of Texas Joins List of Employers Demanding Workers Get COVID-19 Vaccines

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Credit Union of Texas is demanding that its 496 employees be vaccinated against COVID-19, offering them bonuses of $ 500 and paid time off to get vaccinated.

The Allen-based financial institution joins a growing trend of North Texas employers demanding vaccines for workers as the delta variant of the virus creates an increase in the number of new cases.

The credit union, which serves more than 142,000 members, said 70 percent of its employees were already fully immunized. Employees who have not yet been vaccinated will have until September 20 to receive their vaccines.

“Building on the precedent of other leading companies playing leadership roles in this vital effort, we will reward our employees for doing their part and make it easier for them to receive a vaccine,” CEO Eric Pointer said in a statement. . “With the continued risk of COVID-19 and the increase in new variants, we also want to play a role in supporting our communities’ immunization efforts and providing our members with safe places with fully immunized team members. that they can feel comfortable visiting. “

In an email to The news, Pointer said employee response to Monday’s policy change has been “very positive.” Pointer also said he hopes his employees receiving the vaccine will help positively influence unvaccinated friends and family members to get vaccinated.

As part of the rollout of the policy, the credit union will offer vaccines at some of its sites to employees and their families.

With the rise of the delta variant, Pointer said the credit union is closely monitoring the resurgence of the pandemic.

“We have seen many companies implementing mandatory vaccination policies and we believe it is the responsibility of companies to take a stand to fight for the communities we serve,” he said.

Employees with medical and religious exemptions can request an exception to the requirement. The company also noted that workers who terminate their employment due to the new policy will receive what is described as “a generous separation agreement.”

With more than $ 1.7 billion in assets, Credit Union of Texas has been in business since 1931. The credit union has 15 branches in North Texas.

At D-FW, many employers who have forced vaccines on their employees are health systems, including Texas Health Resources, Baylor Scott & White Health, Methodist Health, Children’s, and Cook Children’s. While many white-collar employers across the country have mandated vaccines, including Microsoft, Google, Facebook and Morgan Stanley, companies have been slower to introduce requirements for essential frontline workers.

Walmart, Texas’ largest private employer, said it would make vaccines mandatory for employees working at its head office, but not for employees in stores or distribution centers. It has more than 1.6 million workers across the country.

Tyson Foods, which employs more than 12,000 frontline workers in Texas, announced last week that all employees should be vaccinated by November 1.

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