Mascoma Bank recognized for promoting employee well-being, performance

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Mascoma Bank recognized for promoting employee well-being, performance

Mon, 04/15/2019 - 3:25pm -- tim

Organization receives workplace award from American Psychological Association

Vermont Business Magazine In recognition of its efforts to create a healthy, high-performing work environment, Mascoma Bank received the American Psychological Association’s 2019 Psychologically Healthy Workplace Award at a ceremony March 28 in Washington, D.C.

One of eight employers from across North America to receive the award this year, Mascoma Bank won in the medium for-profit category. Mascoma received the APA Psychologically Healthy Workplace Honors in fall 2018, qualifying it for APA award consideration.

The award recognizes employers who implement workplace practices, backed by psychological science, that advance employee health and well-being while increasing performance and productivity.

Mascoma Bank excelled in its efforts to foster employee involvement, health and safety, employee growth and development, work-life balance and employee recognition.

As a recently certified B Corp, Mascoma continues to work to improve throughout the year. The bank’s Better Than Best Committee and B-Corp Impact Teams review employee suggestions and initiates projects in numerous areas. The company’s Well-being Committee works to ensure that all activities relate to five interconnected elements that shape one’s life: career, social, financial, physical and community. For example, community involvement is encouraged as Mascoma annually gives employees 16 hours of volunteer time off.

Mascoma’s psychologically healthy workplace practices have reaped rewards for both the organization and its employees. In 2018, there were no increases on health insurance costs due to the reduction in high claims. Other awards Mascoma has been recognized with include B Corp Best Place, 2019 Best Place to Work in Vermont, 2019 Vermont Gold Worksite Wellness Award, and 2018 CIGNA New England Small Company Well-Being Award.

“Employees notice when an organization legitimately cares about their well-being and are more likely to be satisfied with their jobs, committed to the organization and motivated to do their

best,” says David W. Ballard, PsyD, MBA, head of APA’s Psychologically Healthy Workplaces program and its Office of Applied Psychology, which hosts the annual awards. “Organizations like Mascoma Bank recognize the importance of creating a work environment where employees and the organization can thrive.”

Organizations of all types across the United States and Canada can apply each year for APA’s Psychologically Healthy Workplace Awards. Applicants undergo a rigorous evaluation process that assesses their workplace practices. The evaluation process includes an application form, an essay questionnaire, an employee survey and an in-person site visit. Recognition is given to for-profit and not-for-profit organizations, as well as government, military and educational institutions.

Applications for the 2020 Psychologically Healthy Workplace Awards open on March 29. Learn more and apply at www.apa.org/applied-psychology.

Headquartered in Lebanon, New Hampshire, Mascoma Bank is a $1.8 billion mutually owned bank established in 1899 with 25 branch locations in New Hampshire and Vermont, a loan production office in Burlington, Vermont and one in Portland, Maine. The Bank also offers investment services through Mascoma Wealth Management, LLC. In 2013 the Bank formed Mascoma Community Development, LLC to help raise capital, facilitate loans, and support community development throughout Northern New England. Mascoma Bank is a certified B-Corporation. For more information about Mascoma, please visit mascomabank.com

The American Psychological Association, in Washington, D.C., is the largest scientific and professional organization representing psychology in the United States. APA's membership includes more than 118,400 researchers, educators, clinicians, consultants and students. Through its divisions in 54 subfields of psychology and affiliations with 60 state, territorial and Canadian provincial associations, APA works to promote the advancement, communication, and application of psychological science and knowledge to benefit society and improve lives.

Source: Lebanon, NH – April 1, 2019 — Mascoma Bank

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