Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUNA Mutual union ratify contract agreement
MADISON, Wis. (4/25/08)--CUNA Mutual Group has signed a four-year contract agreement with the Office of Professional Employees International Union (OPEIU) Local 39. “We set our priorities early,” said Kathryn Bartlett-Mulvihill, chief steward for CUNA Mutual’s represented staff. “They included job security, quality improvement, improved customer relationships, an improved relationship between the company and community, and wages and benefits. The new contract addressed all of our priorities in some aspect and we look forward to a new beginning.” Key components of the contract include:
* A commitment to build a better working relationship between the company and the union; * A commitment to work jointly on continuous quality improvement; * Across-the-board pay increases for represented employees of 2% in 2008 and 3% in each of the final three years of the contract; * An increase in health-care premium cost-sharing; * Benefits including pension, 401(k); health retirement account; dental and vision coverage; vacation; sick leave and personal days; and short- and long-term disability coverage; and * A buyout program for longer-service employees.
The agreement also provides wage increases and a 12-month moratorium on reductions in the work force as a result of outsourcing, subcontracting or transfer of work involving represented staff.


RSS print
News Now LiveWire
NCUA confirmed earlier indications that there would be no National Credit Union Share Insurance Fund premium for 2014.
8 hours ago
.@NJCUL supported prized-linked savings legislation introduced in New Jersey state Senate.
9 hours ago
#creditunions emphasize co-op principles during National Co-op Month #NewsNow http://t.co/zEb9UFot1N
15 hours ago
Servicemember's spouse drives away with Bank on More's SUV thanks to #missouri #creditunions http://t.co/WvTrKxh0sV
16 hours ago
From @FHFA this a.m.: U.S. house prices up 0.5% in Aug. on seasonally adjusted basis from previous month. More here: http://t.co/1yVDOPggeX
17 hours ago