Common use of CREDIT UNION PROVISION Clause in Contracts

CREDIT UNION PROVISION. As a deduction from the wage rates listed in the Schedule "A" attached hereto, the Employer shall pay into the appropriate credit union, effective June 1, 2002, a sum equal to one dollar ($1.00) per compensable hour paid for each Laborer covered by this Agreement. Such payments shall be made monthly on or before the 15th of the month following that for which the contribution is being made and shall be deposited in a Bank or Banks delegated to accept the other funds listed in this Article. The purpose of these contributions is to create individual share accounts in the Credit Unions for each Laborer covered by this Agreement. The details concerning the administration of the Credit Union shall be as stated in their charter and bylaws, and any amendment thereto which may be approved by the National Credit Union Administration or Washington State Credit Union Administration. Neither the Employer Associations, nor an individual Employer, nor the Union shall participate in the administration of said Credit Union. It is understood that the Employers will make these contributions on the same transmittal forms as are used for the other fringes and that the pro-rate cost of such forms, and of the collection and accounting thereof will be deducted from the contributions and be paid to the fringe benefit administrator; and the balance remaining will be credited to the individual share accounts. It is further understood that the Credit Union deduction from the employee's wages shall be from the net wages after payroll taxes have been deducted from the gross wages. It is further understood that the charter and bylaws of the Laborers' appropriate credit union will be amended to extend membership to all Laborers covered by this Agreement.

CREDIT UNION PROVISION. As a deduction from the wage rates rate listed in the Schedule "A" attached hereto, the Employer shall pay into the appropriate credit unionNumerica Credit Union, Spokane WA, effective June 1, 20022016, a sum equal to one dollar and forty cents ($1.001.40) per compensable hour paid worked for each Laborer Cement Xxxxx covered by this Agreement. Such payments payment shall be made monthly on or before the 15th of the month following that for which the contribution is being made and shall be deposited in a Bank the bank or Banks banks delegated to accept the other funds listed in this Article. The purpose of these contributions is to create individual share accounts in the Credit Unions Union for each Laborer Cement Xxxxx covered by this Agreement. The details concerning the administration of the Credit Union shall be as stated in their charter and bylaws, and any amendment thereto which may be approved by the National Credit Union Administration or Washington State Credit Union Administration. Neither the Employer AssociationsAssociation, nor an individual Employer, nor the Union shall participate in the administration of said Credit Union. It is understood that the Employers will make these contributions on the same transmittal forms as are used for the other fringes and that the pro-rate rata cost of such forms, and of the collection and accounting thereof will be deducted from the contributions contributing and be paid to the fringe benefit administrator; , and the balance remaining will be credited to the individual share accounts. It is further understood that the Credit Union deduction from the employee's wages shall be from the net wages after all payroll taxes have been deducted from the gross wages. It is further understood that the charter and bylaws of the Laborers' appropriate credit union Cement Masons Credit Union will be amended to extend membership to all Laborers Cement Masons covered by this Agreement.

CREDIT UNION PROVISION. As a deduction from the wage rates rate listed in the Schedule "“A" attached hereto”, the Employer shall pay into the appropriate credit unionNumerica Credit Union, Spokane, WA, effective June 1, 20022022, a sum equal to one dollar ($1.00) per compensable hour paid worked for each Laborer Cement Xxxxx covered by this Agreement. Such payments payment shall be made monthly on or before the 15th of the month following that for which the contribution is being made and shall be deposited in a Bank the bank or Banks banks delegated to accept the other funds listed in this Article. The purpose of these contributions is to create individual share accounts in the Credit Unions Union for each Laborer Cement Xxxxx covered by this Agreement. The details concerning the administration of the Credit Union shall be as stated in their charter and bylaws, and any amendment thereto which may be approved by the National Credit Union Administration or Washington State Credit Union Administration. Neither the Employer AssociationsAssociation, nor an individual Employer, nor the Union shall participate in the administration of said Credit Union. It is understood that the Employers will make these contributions on the same transmittal forms as are used for the other fringes and that the pro-rate rata cost of such forms, and of the collection and accounting thereof will be deducted from the contributions contributing and be paid to the fringe benefit administrator; , and the balance remaining will be credited to the individual share accounts. It is further understood that the Credit Union deduction from the employee's ’s wages shall be from the net wages after all payroll taxes have been deducted from the gross wages. It is further understood that the charter and bylaws of the Laborers' appropriate credit union Cement Masons Credit Union will be amended to extend membership to all Laborers Cement Masons covered by this Agreement.