Benefits

The Illinois Credit Union System recognizes employees as our most valuable resource with a comprehensive and competitive benefits package that reflects a commitment to excellence. We also offer engagement programs that will keep you feeling energized and rewarded!

Compensation

Salary – A competitive salary package is offered to attract and retain employees with a strong work ethic and a “People Helping People” orientation.

Incentive – Incentive compensation is awarded annually based on ICUS and employee performance.

Physical Health

Medical – Our well-rounded offerings include a traditional PPO plan, two High Deductible PPO plans, and an HMO plan. The employee-paid portion of the premium is deducted from the employee’s paycheck on a pre-tax basis. The health care plans include prescription drug coverage for purchasing both brand name and generic drugs at discounted prices.

Dental – A PPO dental plan is available offering various levels of coverage for X-rays, cleanings, fillings, extractions, root canals, crowns, bridges, inlays, etc. and orthodontic coverage. The employee-paid portion of the premium is deducted from the employee’s paycheck on a pre-tax basis.

Vision – A vision plan is offered providing exams, glasses, and contacts for a fraction of their cost. The employee-paid portion of the premium is deducted from the employee’s paycheck on a pre-tax basis.

Health Savings Account (HSA) – Employees enrolled in the medical High Deductible Health plan can fund an HSA account via pre-tax paycheck deductions. Employer contributions are also made on a quarterly basis.

Flex Spending Account (FSA) Medical – Our optional cafeteria plan allows employees to pay, from before-tax earnings, portions of their health care expenses not covered by the medical, dental and vision care plans.

Life/ AD&D – Group insurance coverage is provided at two times an employee’s base salary.

Short Term Disability – Benefits begin after a 12-day waiting period and continue for the duration of the disability, up to 90 days. ICUS pays the monthly premium.

Long Term Disability – Benefits begin after a 90-day waiting period and continue for the duration of total disability or until age of normal retirement. ICUS pays the monthly premium.

Work/Life Balance

Time off – Employees accrue Paid Time Off (PTO) on a per pay period basis and receive at least 21 paid time off days per year. A total of 30 days can be earned based on years of service and position.

Holidays – Employees receive 11 paid Holidays as predetermined by ICUS.

Employee Assistance Program (EAP) – Confidential, free service is available to assist employees and immediate family members with personal and job-related concerns.

Service Awards – Employees receive recognition for milestone years of service.

Casual Attire – ICUS follows a casual dress code to provide a comfortable and relaxed work environment.

Flex Spending Account (FSA) Dependent Care – ICUS’s optional cafeteria plan allows employees to pay, from before-tax earnings, portions of their daycare expenses.

Volunteer – Employees are encouraged to support local communities and credit unions by becoming actively involved in community organizations and events. Full time employees receive up to 8 hours of community service time each calendar year. Part time employees receive up to 4 hours.

CUKind Day – ICUL sponsors a state-wide community service day in October for credit unions in Illinois. The goal is simple – giving back to the community in any way possible. This could involve a donation, performing random acts of kindness, completing a service project, or hosting a day of outreach.

Financial Health

Student Loan and College Savings Assistance – Employees are eligible for assistance with student loan repayment or building college savings for their dependent children. Participants receive a monthly contribution of $125 towards a 529 savings account or $100 toward a student loan repayment plan, both with a maximum lifetime benefit of $7,500.

401(k) Matching Contributions – Employees are always 100% vested in their own contributions, matching contributions, and their earnings. Employees receive a $1 for $1 matching contribution up to 3% of eligible compensation and $.50 for each $1.00 from 4%-5% of eligible compensation. Matching funds are made on pre-tax, Roth and catch-up contributions.

Profit Sharing – ICUS makes an annual contribution based on a salary percentage. Employees become 100% vested after 3 years or more of service.



This summary describes only selected highlights of ICUS plans. If any statement within this summary, or any other communication conflicts with applicable plan and/or coverage documents, the plan and/or coverage documents shall govern. ICUS retains the right to amend, modify or terminate its plans in whole or in part at any time, and neither its plans nor plan participation shall be considered a contract for future employment.