Financial wellness impacts our relationship with money and how we manage resources.
Making informed decisions, living within your means, setting realistic goals and preparing for emergencies is how we become financially fit. VCU offers a variety of resources to help you meet your financial goals.
Health insurance premium rewards
Employees and/or their eligible enrolled spouses in COVA Care and COVA HealthAware can earn premium rewards at any time during the plan year. To earn the reward, complete or update your health assessment questionnaire at www.myactivehealth.com/cova. For more information, click here.
Retirement savings benefits
Participate in a Tax Deferred Annuity (TDA) 403(b) program, the Roth 403(b) program as an after-tax savings vehicle and a Cash Match plan for eligible faculty and staff who contribute at least $10 (pre-tax) each pay period. Learn more about these programs.
Retirement counseling sessions
Sign up for individual retirement counseling with vendor representatives to review investment products and individual retirement counseling services.
VCU offers a tuition benefit to Faculty, Adjunct Faculty, University and Academic Professionals, and Classified employees. The benefit may be used for academic credit in a VCU undergraduate, graduate or first-professional degree course. The tuition benefit covers standard undergraduate and graduate tuition, university fee, student activity fee, student government fee, technology fee and capital outlay fee. The tuition benefit covers only VCU courses. Click here for more information.
VCU employees are eligible for a variety of services and discounts using either their VCUCard ID or a special code. Popular discounts include theme parks, travel and rental discounts, shopping, and area fitness facilities and clubs. Click here for more information.
Work/Life offers lunchtime seminars on financial topics including “How to Read Your Credit Report,” “Foundations of Investing”, "Strategies for eliminating debt", and more! To find out what’s being offered this month, click here.
Each year, VCU Benefits offers a series of financial fitness workshops that are free and open to all university faculty and staff and provide general savings and investment information. For more information, click here.
Virginia Credit Union membership
VCU faculty and staff can join the Virginia Credit Union and save. Take advantage of low-cost financial services and educational resources. Learn more at vacu.org.
VACU Creative Ways to Save (CWTS) Program.
A new savings initiative to encourage establishing emergency savings. Newer/younger employees and new families are encouraged to participate. Click Here To Start Saving!
CommonHealth Bite-sized Learning Videos.
Click here to Learn How To Relieve Financial Stress!
Get your education savings questions answered through live informational webinars, or get hints, tips, and strategies from Virginia529's on-demand video library. The Virginia529 Smart Savers Academy offers free segments to help you understand the ins and outs of 529 plans, including how to use your account when you’re ready. The Virginia529 Smart Savers Academy.
VRS Financial Wellness Resources
There are several strategies to pay down credit card debt. The Credit Card Pay Down tool from myVRS Financial Wellness estimates how quickly your debt can disappear and helps you determine what works best for you. Log in to your myVRS accountand select Financial Wellness to access this tool and choose your strategy.
Virginia Department of Treasury's Unclaimed Property Division
Tasked with reuniting citizens with their lost funds. Unclaimed property can include dormant bank accounts, uncashed checks, stocks and dividends, insurance proceeds, refunds, and more. One in four Virginians has missing money. Visit our free search site to check your name and start the claim process. vaMoneySearch.org.
Employee Assistance Program (EAP)
Legal resources, estate planning products, counseling, employee discounts, health & wellness, etc. Employee Assistance Program.
Financial Webinars and online courses:
TIAA offers webinars that can help you keep your financial goals on track. Reserve your spot today at TIAA.org/webinars. These webinars provide general information that you should discuss with your personal tax and legal advisors to determine how it may apply to your individual circumstances. This material is for informational or educational purposes only and does not constitute investment advice under ERISA.
Talent@VCU is your online home for learning, performance management and career development. In Talent there are numerous financial courses such as Setting Your Financial Goals, 5 Personal Finance Tips, Financial Basics Everyone Should Know, and more. Search using keyboard: Financial or Budget
Helpful tips for financial wellness:
Create a budget calendar
Start a coupon book
Attend a VCU work/life event about financial fitness