Alert
Close

Top the Treasure Hunt leaderboard by 5 p.m. Friday to win a $100 gift card! Learn more

Highlights

Open

most popular
ARTICLES

Viewed

work
PROGRAMS

Best Employers for Workers Over 50

See the latest winners of this AARP recognition program.

Employer Resource Center

Attract and retain top talent in a changing workforce.

Best Employers

Nevada Federal Credit Union

Winner: 2008 AARP Best Employers for Workers Over 50

Winning Year: 2008
Industry: Financial Services
Location: Las Vegas
Website: www.nevadafederal.org
2008 Rank: 41

Highlights of 2008 Winning Strategies

Nevada Federal Credit Union has a Member Investments & Insurance Services department with a team specializing in investments, insurance, retirement, estate, tax planning, and financial counseling. Employees are able to take advantage of these services. Approximately one-third of the company’s employees are age 50+, with the average tenure being 11 years.

Additional Policies and Practices:

Recruiting: Nevada Federal uses placement agencies for older job-seekeers to target mature workers and retirees. In addition, the company works with AARP in Nevada to communicate job openings.

Workplace Culture/Continued Opportunities: Nevada Federal offers learning and development programs to its full- and part-time employees, including tuition reimbursement, in-house classroom training, online training, webinars, and certification classes. During the past 12 months, 100 percent of Nevada Federal employees have participated in at least one of the training opportunities, with an average of 49 hours spent in training. The MAP or Mentor Assistance Program consists of teaming up employees for three weeks with mentors for one-on-one training.

Nevada Federal celebrates long-service anniversaries with announcements, parties, gifts, and awards. Employees gain experience and develop new skills by working on temporary assignments in other departments, by working on team projects, and by having access to formal job-rotation programs.

Benefits/Health: Full- and part-time employees working at least 18 hours a week) receive individual and family medical coverage, individual and family prescription-drug coverage, individual and family vision and dental insurance, and short- and long-term disability. All employees, regardless of how many hours they work, are offered individual long-term-care insurance.

Health benefits for retirees 65+ include individual and spousal medical and drug coverage, individual and spousal vision and dental insurance, and individual and spousal long-term care insurance, employee-assistance services, and individual life insurance or other death-benefit coverage. New hires are eligible for all of the above benefits upon retirement. The company offers employees flexible spending accounts and health reimbursement accounts to assist in covering out-of-pocket health care costs.

Benefits/Financial: Nevada Federal offers a 401(k) with an employer match to its full- and part-time employees. Employees may invest in lifecycle funds, and age-50+ employees  can make catch-up contributions to their 401(k)s, which include an additional employer matching contribution. Financial planning information is provided by staff members, staff from the financial-services firm that administers the 401(k), and from external financial-planning experts.

The credit union offers paid time off specifically designated for caregiving, short-term time off without pay, and long-term leaves of absence without pay, to allow for caregiving.

The following wellness programs are offered to full- and part-time employees: flu shots, health screenings, health-risk appraisals, smoking-cessation programs, health club discounts, physical activity and exercise programs, weight loss programs, stress-management training, an annual health fair, and the When the Fun Stops program, which assists people who have developed gambling problems. Forty-seven percent of the company’s employees have used at least one of its wellness benefits during the past 12 months. The company offers referral services to assist with care for children and  grandchildren and with eldercare and provides backup care for children, grandchildren, and elders, to its full- and part-time employees.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Jobs You Might Like

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

UPS

Members get 15% off eligible products/services and 5% off shipping at The UPS Store®.

AARP Discounts on Consumer Cellular Phones and Plans

Members save 5% on monthly service and usage charges with Consumer Cellular.

Member Benefits

Renew today! Members receive exclusive member benefits & affect social change.

Explore Your Learning Possiblities