Vacation Pay

Operating Engineers Federal Credit Union processes all vacation pay for our Local Union.  Vacation Pay on deposit at the Credit Union that is not accessed at least onetime within a 12-month period becomes "dormant" and subject to escheatment.  State Law requires all accounts that do not have member contact in a three or more year period to be turned over to the State.

If you've worked under a Labor Agreement that was eligible for Vacation Pay but never accessed your OEFCU Vacation account, please contact the Credit Union today at (800) 877-4444.  In order to keep your account active, OEFCU needs to hear from you as soon as possible.

NOTE: If you access your OEFCU account on a regular basis (or at least once per year), this State Law does not apply and no action is required.


 

 

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