Addition Financial reviews

3.4

59% would recommend to a friend

(50 total reviews)

Kevin S. Miller

64% approve of CEO

45% positive business outlook

Reviews by job title

50 reviews

Reviews about "Compensation"

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2.0
Jul 12, 2024

Okay

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good benefits when it comes to low rates for car loan, mortgage, etc.

Cons

Management could use a lot of work.

avatar
Addition Financial Response
1y
Thank you for your feedback. With our LEAD program, our Emerging Leader program, and other leadership development plans, we are enthusiastic that these investments in leadership development will drive positive changes and enhance our work environment.
1.0
Jun 19, 2024

Not Worth the Stress

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- PTO - Learn about banking

Cons

-Strict Attendance policy that other senior departments or management does NOT have to follow - You cannot work here without a bank account with Addition. - Communication among the branches and the headquarters are non-existent and very last minute - Credit union policies are strict and do not benefit the members and it puts you in an uncomfortable position by providing bad customer service - Don't expect to grow here - They put you through consumer lending training but will not provide you your NMLS license - They open up positions specifically for their bilingual friends. - Your efforts are not valued here - Addition does not value employees loyalty , senior , eagerness to learn new skills - The way bonuses ( which is hardly once a year ) are distributed is so complicated that you will never know until you get paid .

avatar
Addition Financial Response
2y
Thank you for your feedback. Strict Attendance Policy: Yes, Addition Financial has a robust attendance policy to ensure we have the right number of team members daily to better serve our members. Consistency across departments and levels is always being reviewed and appreciate the feedback here. Bank Account Requirement: We implemented the requirement for having a bank account with Addition Financial ahead of testing our new digital banking platform. We are so mission-focused on having the best member experience possible that we wanted the entire team at Addition Financial to experience the new product and help test it so that there are no issues once our members begin using it. The requirement to have an account is only in place when there are new upgrades to test with our banking technology. Member Satisfaction: We have a team dedicated to reviewing member feedback and while our online reputation is positive (Google aggregate score of 4.9), we are committed to listening to our members to ensure our efforts align with providing excellent member service. Limited Growth Opportunities: We have career development programs such as job shadowing, progressive technical training based on career paths, and leadership development classes aimed at aspiring leaders. We welcome all team members to take the initiative with their career growth and to work with their managers. Sustained performance in current role and other factors lead to growth opportunities. Check in with our HR Team to learn more. Employee Loyalty and Skill Development: We appreciate your dedication and eagerness to learn. We're committed to fostering a culture that values loyalty and supports continuous skill development. Bonus Distribution: We hear your feedback on the bonus structure. We have created visibility though our CEO communicating the plan at the beginning of the year combined with our Chief Communications Officer sharing monthly updates to all team members. We have also made improvements this year by designing a team member-accessible dashboard for greater visibility that went live in first quarter.
2.0
Jun 5, 2024

Things Changed

Recommend
CEO approval
Business Outlook

Pros

Amazing co-workers Good benefits with the split vacation / sick time Halfway decent medical insurance coverage Covid-19 responsiveness and employee understanding was the best.

Cons

Don’t expect senior leaders to take anything to heart. They’ll listen and ignore. Don’t expect career growth, that’s gone out the window. Don’t expect to avoid layoffs. Don’t expect to have the consumer choice of where you bank - they’ve made it a requirement to bolster membership growth - don’t think it’s truly “free” because if you choice not to use the account it will get hit with a dormant account fee - then don’t expect to get that fee refunded without ending up on the employee bad list SRMGMT reviews - then don’t expect not to ultimately get written up or possibly terminated if you have that not-desired-not-used account go negative. It’s a lose-lose. The long-time, quality, employees get shoved into dead end roles for speaking out against politics. The long-time, submissive brown-nosers, get rewarded and job protection. If you think you can make change, go somewhere else, they don’t want you to challenge the status quo unless they come up with the solution. Prepare for your work to go unrecognized. Best advice received from a coworker: work your wage. Let things fail, then they’ll have to act.

avatar
Addition Financial Response
1y
Thank you for your candid feedback. All of our team members are very important and our higher tenured team members have a very valuable viewpoint as well. While you have provided a large amount of issues, a couple in particular stand out. Bank Account Requirement: We implemented the requirement for having a bank account with Addition Financial ahead of testing our new digital banking platform. We are so mission-focused on having the best member experience possible that we wanted the entire team at Addition Financial to experience the new product and help test it so that there are no issues once our members begin using it. The requirement to have an account is only in place when there are new upgrades to test with our banking technology. Giving Feedback & Action: Without specifics, you have decided that speaking up has negative impacts. Nothing could be farther from the truth. Feedback and open communication are encouraged and frankly is one characteristic of promotability. What may be frustrating to some is the focus on performance and bringing your "A game" every day. Any feedback that is productive around how to do work better, smarter, faster, and at higher service levels for our members is always listened to and actioned in some productive way. Negative accusations without source or accuracy tend not to be acknowledged. Please reach out to your manger, senior leader, or to your HR Business Partner to share your thoughts so that we can all work together to improve the situations you may be seeing.
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