Changes To Vacation Benefit 2020

Changes To Vacation Benefit 2020

There will be a few changes to the Vacation Benefit payouts, effective January 2020.

  1. Members who are signed up with the Union Building Trades Federal Credit Union will no longer acquire their vacation monies on a bi-weekly schedule.
    • Pay outs will now be on a monthly basis. Contributions collected from the 1st of the month to the 31st will be paid out within the first week of the following month.

 


Website: ubtfcu.org       Phone: 973-263-0001


 

2. You will no longer need to complete a Vacation Application to receive payment.

    • Members who are not signed up with a credit union will still receive their Vacation payments twice a year, but will no longer need to fill out an application to do so.
    • Your money will automatically be paid out to you via check or direct deposit. Contributions collected from December 1st – May 31st will be paid out the first week on June. Contributions collected from June 1st – November 30th will be paid out the first week of December.

 

 

These changes were proposed to make it easier for you to access your money.