Brothers and Sisters, The Sacramento Sierra Building and Construction Trades Council has been working hard to try to get a Community Workforce Training Agreement with the City of Elk Grove. We have confirmed that the CWTA will be on the City Council’s Agenda on October 12, 2022. The meeting will begin at 6pm at 8400 […]September 26, 2022
OE Federal Credit Union processes all vacation pay for your 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 OE Federal 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 OE Federal account on a regular basis (or at least once per year) this State Law does not apply and no action is required.