Neighbors Credit Union introduces pay-as-you-go for employees | Company


St. Louis, Missouri – Neighbors Credit Union has launched pay-as-you-go for its team members, giving them the financial flexibility to receive earned wages sooner, doing any payday if desired.

“We’re excited to bring our team on-demand prepayment. Since day-to-day purchases, bill payments, and budgets are often scheduled when they get their paycheck, on-demand payment can help reduce financial stress,” says David Wilhelm, Director of Team Experience. “Financial wellness starts with our team. By providing this cash flow flexibility, we can make it easier for our team members to manage money and improve their job satisfaction.”

Earlier this year, the Credit Union introduced early availability of direct deposits for its members, up to two days earlier. “We are always looking for ways to better serve our members,” says Jason Heath, President and CEO. “In these uncertain times of rising costs and rising inflation, making it easier for members (and employees) to access their funds early gives them the confidence and convenience to live their lives and manage their money. “

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For more information regarding this announcement, contact Paula Anderson, Senior Vice President – Marketing at 314-737-6355 or [email protected]

ON: Neighbors Credit Union serves more than 45,000 members in the St. Louis metro area, providing exceptional experiences, personal and business financial solutions, and trusted advice. The credit union is recognized as one of the Forbes 2021 Best State Credit Unions for Missouri, earning the highest ranking for the state.

Founded in 1928 by a group of US Postal employees, Neighbors Credit Union is the sixth largest credit union in the region with over $500 million in assets and 9 branches serving members throughout the community. The Credit Union is an independent, full-service, member-owned and operated financial institution licensed by the State of Missouri and federally insured by the National Credit Union Administration (NCUA).

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