Vacation Benefit & Payment Dates
You shall become a plan participant when your employer is required to make vacation payments from deductions in your pay (post tax) and sends them to the Vacation Fund on your behalf, pursuant to a written agreement between the Union and your employer.
|Union Building Trades Federal Credit Union Members|
|Fund transfers monthly contributions collected.|
|Paid out the 1st week of the following month.|
|Members not signed up with Union Building Trades Federal Credit Union|
|Paid out 2x a year via check or direct deposit|
|Contributions collected from (December 1st - May 31st) will be paid out the first week of June.|
|Contributions collected from (June 1st - November 30th) will be paid out the first week of December.|
Union Building Trades Federal Credit Union
If you choose to join the Union Building Trades Federal Credit Union, any vacation monies remitted to the Fund Office on your behalf will be transferred to the credit union each month. Participants will be sent a debit card and will have immediate access to vacation funds after they have been transferred. Your monthly union dues will be deducted from your credit union account on a quarterly basis.
Please note: You must keep (3) three months worth of dues plus $5.00 in your account at all times.