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The $268 million Michigan Legacy Credit Union in Wyandotte said Wednesday that it joined a growing number of credit unions that are mandating COVID-19 vaccine mandates for all employees.
"At the earliest points of the pandemic the credit union made it clear in every communication our first and foremost priority was the health and well-being of every employee and our members," Michigan Legacy President/CEO Carma Peters said. "That commitment remains the major decision in the vaccine mandate. Any employee unvaccinated by the deadline will no longer be employed at Michigan Legacy."
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That deadline is Oct. 31 for employees who work at Michigan Legacy's branches and other offices, while employees working remotely must be fully vaccinated by Dec. 31.
Peters said 71% of employees are vaccinated and that the credit union will continue to offer a $200 VISA gift card to all employees once they are fully vaccinated.
Michigan Legacy has 85 full-time and part-time employees, according to its second quarter Call Report.
In August, four credit unions announced vaccine mandates for all employees, including the $451 million Signal Financial Federal Credit Union in Kensington, Md., the $1.2 billion Allegacy Federal Credit Union in Winston Salem, N.C., the $1.7 billion Credit Union of Texas (CUTX) in Allen and the $2.2 billion Hawaii State Federal Credit Union in Honolulu.
Credit union leaders from Signal Financial and CUTX said the main reason for the mandate was due to the surge in the COVID-19 Delta variant spreading across the U.S.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
