Supporting Our Team
Sep 13, 2022
At Beneficial State, we want to build an economy that works for everyone, starting with our team. We pay living wages, offer comprehensive benefits, and empower staff to advocate for a just and inclusive workplace. Our team members are fierce changemakers in the Beneficial Banking™ movement. As they do their important work, our leadership team works to build trust across the organization, support staff resilience, and ensure that our team composition reflects the inclusiveness we strive to foster in banking.
Beneficial employment at Beneficial State Bank
In 2021, our benefits include:
- 125% Living Wage Policy
- Full medical benefits with employer contribution
- 401k plans with generous employer match
- 32 hours of paid volunteer time per year
- $250 charitable donation employee match
- We have a 9:1 ratio of highest : lowest salary, compared to the average of the top 20 banks, which have a 196:1 ratio of CEO salary : median salary
You are welcome here
We are dedicated to recognizing and addressing how our biases appear. We intentionally work to foster a culture of inclusion where everyone is a valued member of our team and treated with empathy, respect, and dignity. We commit to supporting today and each day to dismantle systemic racism. We commit to hearing feedback when our actions fall short of our intentions. We firmly believe that to build a more just world, we must demolish white supremacy.
We strive to ensure that those who work and bank with Beneficial State, no matter their identity, feel in their hearts the words they experience when they walk into our branches: YOU ARE WELCOME HERE.
Supporting worker power in the banking industry
In 2021, Beneficial State Bank reached a collective bargaining agreement with staff and Communications Workers of America (CWA), marking the first time bankers established a union agreement in over 40 years.
Beneficial State is proud to set a strong example for the rest of the banking industry, which has little unionization and often pays workers very low wages. We value our employees and see unionization as an opportunity for our employees to organize and have a collective voice.
Diversity, equity, and inclusion
In 2021, we launched a Diversity, Equity, and Inclusion (DEI) Educational Enrichment Series as part of our commitment to embrace diversity and promote equity and social justice within our organization. Through town halls and workshop sessions, guest speakers, and a library of resources, we are educating ourselves in ways that we can support and effectively foster social justice, equity, and diversity within our organization, our communities, and society at large.
We're proud to support our employees, so we can all support our communities. Read our full impact report to learn more.
Ready to align your banking with your values? Open your account with Beneficial State Bank today.
Spotlight on Our Team
Our dedicated staff are fierce changemakers in the Beneficial Banking™ movement. Read on for stories of their individual and collective impact.