Benefits

• Our signature Well-Being Program rewards and incentivizes team members for the development of and maintenance of a healthy lifestyle.
• The Bank offers medical, dental and vision coverages for eligible team members and their eligible family members.
• The Bank provides basic life, basic accidental death and dismemberment (AD&D) and basic long-term disability insurance to each full-time team member.   
• Eligible team members are offered paid time-off for holiday, sick and vacation.
• The Bank offers Employee Assistance Program (EAP) that provides resources to assist team members and eligible family members manage personal issues that may affect daily life. 
• The Bank offers Flexible Spending Accounts (FSA), an option that gives team members greater tax benefits that maximizes their dependent and healthcare spending dollars.
• The Bank offers a Health Savings Account (HSA) funded by the Bank into an employee owned account.
• The Bank offers a 401(k) retirement savings plan with Bank matching.
• The Bank offers entertainment discounts on tickets, shows and amusement parks, in addition to certain Bank service fee discounts.

Award-Winning Benefits and Wellness Programs!

Our dedication to our team members’ benefits and well-being speaks for itself. These accolades highlight our commitment to providing a supportive and thriving work environment for our team members.

U.S. Best-in-Class Employer | Gallagher

Cathay Bank is named a Best-in-Class Employer for the second consecutive year by Gallagher, a global insurance brokerage, risk management, and consulting services firm. Based on Gallagher’s 2023 U.S. Benefits Strategy & Benchmarking Survey, Cathay Bank was recognized for its comprehensive framework for strategically investing in benefits, compensation and employee communication to support the health, financial security and career growth of its employees at a sustainable cost structure.

“The old saying, ‘people are our greatest asset,’ is what we believe at Cathay Bank,” said Mr. Chang M. Liu, President and CEO. “Especially in today’s labor climate, we know people have many options. It’s a high priority for us to attract and retain team members through robust benefits, competitive pay, and opportunities for professional growth.”

Gallagher's U.S. Best-in-Class Benchmarking Analysis profiles statistically significant attributes of top-performing midsize (100-999 FTEs) and large employers (1,000 or more FTEs). Data from Gallagher’s 2023 U.S. Benefits Strategy & Benchmarking Survey was interpreted to identify participants that excel in optimizing employee and organizational wellbeing.

Engagement and Activation Award | Virgin Pulse

Cathay Bank is a recipient of the 2023 Virgin Pulse Engagement and Activation Award, in recognition of organizations that drive health and well-being program engagement for their employees, resulting in more productive employees, stronger and more loyal team members, and healthier, more compliant patients. Cathay was selected for our strong focus on employee engagement. By including those who are traditionally hard to reach, listening to our team members’ needs and deploying aligned, actionable program tactics, we achieved high monthly engagement and incentive earnings. Virgin Pulse is our well-being platform provider.

These awards underscore our unwavering commitment to the well-being and success of our valued team members. Together, we will continue to foster a workplace where we can thrive both personally and professionally.