Salary Finance, a global provider of financial education and salary-linked employee benefits, partnered with D&H United Fueling Solutions to provide salary-linked loans to its employees, Salary Finance announced.
To date, the company has saved D&H United Fueling Solutions employees more than $26,000 in interest by helping them avoid higher-cost alternatives such as credit cards or payday loans.
An essential business that supports critical fueling infrastructure, D&H United partnered with Salary Finance in September 2019. According to a recent Salary Finance study of nearly 3,000 U.S. workers, more than 40 percent of workers experience financial stress. Experts predict these numbers will increase because of the COVID-19 pandemic.
"These are challenging times, and even more so for the essential workers who go to work day in and day out to provide for others," said Bo Sasnett, CEO of D&H United Fueling Solutions. “During this heightened time of worry and concern, it is more important than ever that we look out for our team members and help alleviate or lessen their stress. We are pleased to offer Salary Finance as a benefit to our employees in need of low-cost, responsible access to credit.”
Dan Macklin, CEO of Salary Finance Inc., explained company data shows financial stress has an alarming impact on mental and physical health.
"More than 30 percent of U.S. workers suffer from anxiety and are prone to panic attacks, and 35 percent have sleepless nights over financial concerns," Macklin said. "Too often, employers are hesitant to have meaningful conversations with employees about finances, but our research found that the vast majority of U.S. workers trust their employers to help. We applaud D&H United for providing a valuable benefit to its employees, particularly during this difficult time.”
Founded in 2015, Salary Finance is an award-winning organization that partners with employers to offer financial wellness solutions that help employees improve their lives by improving their finances. A company underpinned by a social purpose, its mission in the US is to help 10 million Americans out of debt and into savings. Salary Finance is a United Way Worldwide corporate partner and works with more than 150 of the world's leading employers.
D&H United Fueling Solutions is a service provider of retail and commercial vehicle fueling facilities. The company provides service, equipment, installation and environmental services. The company of more than 250 employees provides services across the largest service coverage in the Southwest, including Texas, New Mexico and parts of Arizona, Oklahoma, Colorado, Arkansas and Louisiana.