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As per Section 6.02 of the current Agreement Between Local Union No. 16, I.B.E.W. - AFL-CIO and Evansville Division, Southern Indiana Chapter, N.E.C.A., Inc., "The employer agrees to withhold 5% of gross wages for each employee."
Transmittal and check must be received by the bank no later than the 15th of the following month.
Once the bank receives the checks and reports from the contractors, each member is entered. It can take up to a week to enter every member. You may notice several entries in your vacation account. This is because some contractors have 3 separate reports that have to be entered: 1) Inside report, 2) NMA 100% report and 3) NMA 90% report. Also, if the 15th falls on a weekend or there is a Holiday, additional time may be required.
Your vacation withholdings are your money. If you feel that the vacation amount is incorrect, please contact the Hall (812-867-9670) and we will ensure that your deposit is correct.
INDIANA MEMBERS CREDIT UNION
MEMBER SERVICES: 800-556-9268
Website: IMCU.COM