Lending More Than a Hand to Employees
TrueConnect by Sunrise Banks added to Sourcewell awarded contracts
Finances can be one of life’s biggest stressors. This contract with TrueConnect provides members a resource they can offer their staff in times of financial strain. And, with a credit counseling option, it provides more than just a temporary solution to the problem. We want to help get people back on track and stay there.
Employers can lend more than just a hand to employees when it comes to financial lending and counseling.
Sourcewell Risk Management and Insurance administrators now offer the services of TrueConnect through the Employee Loans Voluntary Benefit category.
The TrueConnect by Sunrise Banks contract provides access to the following goods and services:
- Employee loans from an FDIC insured bank with no credit check
- Payroll deducted loan payments
- Automated administration
- Free credit counseling
Sourcewell Manager of Insurance and Risk Management Ryan Donovan says this option allows employers to support their staff in new ways.
“Finances can be one of life's biggest stressors,” Donovan says. “This contract with TrueConnect provides members a resource they can offer their staff in times of financial strain. And, with a credit counseling option, it provides more than just a temporary solution to the problem. We want to help get people back on track and stay there.”
Effective July 19, 2019, this contract is available to all Sourcewell members throughout the United States. Purchasers from public entities save time and money by streamlining the procurement process with cooperative purchasing.
Sourcewell (formerly National Joint Powers Alliance) is a self-supporting government organization, partnering with education, government, and nonprofits to boost student and community success. Created in 1978 as one of Minnesota's nine service cooperatives, we offer training and shared services to our central-Minnesota members. Throughout North America, we offer a cooperative purchasing program with more than 325 awarded vendors on contract. Sourcewell is driven by service and the ability to strategically reinvest in member communities.