Established in 1994, Educational Credit Management Corporation (ECMC) is a nonprofit company that provides support for the administration of the Federal Family Education Loan Program as a student loan guaranty agency. ECMC is the designated guarantor in Virginia, Oregon, Connecticut, California, Tennessee, South Carolina, Rhode Island and Maine, and the third-party guarantor servicer for five clients. In our guarantor role, ECMC provides financial education services to empower students to make informed choices about their futures. ECMC also oversees student loan repayments to ensure taxpayer funds are replenished so future generations of students have access to federal education funding.
For post secondary institutions, ECMC offers Solutions - a suite of services that includes financial literacy, student loan repayment counseling and default prevention. This line of business is a natural adjacency to our role as a guaranty agency as it expands our reach to help student loan borrowers successfully meet their student loan obligations.
At ECMC Group companies, we don't just talk about valuing our employees, we back it up by providing a comprehensive, competitive Total Rewards package:
Health benefits in the 75th percentile—ECMC Group pays over $2,500 more than the average employer towards each employee's medical and dental costs annually!
Variety of medical, dental and vision insurance plans available to meet diverse needs.
Company contribution of up to $1,000 annually to your Health Savings Account if you elect a high deductible health plan (HDHP).
Company-paid life and disability insurance.
Pre-tax flexible spending accounts.
Access to on-site gym and free group fitness classes (Minneapolis location only, gym reimbursement for non-Minneapolis locations).
Earn up to $1,000/year to use toward eligible medical expenses for completing wellbeing activities.
Employee support services including assistance for emergencies.
Competitive market-based wages.
Generous 401(k) plan: Company match up to 6%.
Paid time off (PTO) starting at 20 days/year.
10 paid holidays/year.
Commuter Subsidy: covers full cost of a Metropass, which gives you unlimited access to all regional busses and trains (Minneapolis location only).
Pre-tax flexible spending accounts
• Medical FSA—Defer up to $2,700/year
• Dependent Care FSA—Defer up to $5,000/year
• Transportation FSA—Defer up to $265/month Education assistance programs:
• Tuition reimbursement up to $10,500/year for approved programs
• Student loan reimbursement up to $400/month (ECMC and Shared Services only)
• Scholarship program for dependents of employees
ECMC Group is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination and harassment against employees, applicants for employment, individuals providing services in the workplace pursuant to a contract, unpaid interns and volunteers based on their actual or perceived: race, religious creed, color, national origin, ancestry, physical or mental disability, medical condition, genetic information, marital status (including registered domestic partnership status), sex (including pregnancy, childbirth, lactation and related medical conditions), gender (including gender identity and expression), age (40 and over), sexual orientation, Civil Air Patrol status, military and veteran status, and any other consideration protected by federal, state or local law.