While unpaid financial wellness programs exist, we chose to be an employer-sponsored program because it’s 100% aligned with the benefit of your employees. This means we don’t rely on your employees to cover the cost of the program.
No One Left Behind
Traditional loan programs rely on credit history to determine eligibility and interest, meaning employees with poor credit may often be denied access when needed. HoneyBee’s programs are available to all employees, regardless of their credit.
Guidelines and Standards
Limits on loan size and terms established by HoneyBee are aligned with the affordability guidelines and recommendations of The Pew Charitable Trusts, the Consumer Financial Protection Bureau (CFPB) and The National Credit Union Administration (NCUA). We will never give employees more than what they can afford to repay, offer them a financially dangerous product nor contribute to their financial stress.