Shares

L.A. Electrical Workers Credit Union offers a variety of savings and investment opportunities to fit your lifestyle.

Membership

To become an L.A. Electrical Workers Credit Union member, simply walk into our office and sign up. If you are a member of Local Union 11, bring a copy of a current dues receipt, a valid driver’s license, and your Social Security card. Once you become a member, you are automatically eligible for any product or service we offer. The minimum amount to open a savings account is $20 and a $5 one-time membership fee. You also have the option to open a checking account. No fees apply.

As a member of L.A. Electrical Workers Credit Union, your spouse and/or children are also eligible to open a share account with proper documentation such as social security card and a valid ID. No dues receipt is required. Proof of marriage license will be required if the married couple does not share a last name.

Share Account

To open a share account, the minimum amount required is $25. Dividends are paid quarterly to this account. As an L.A. Electrical Workers Credit Union member, your spouse or children are eligible to open their own share account.

Vacation Fund

How your Vacation Fund works:

  • Your employer makes contributions based on the number of hours you work in a month

  • Your employer submits contributions to the trust office which, in turn, deducts the 8.5% and sends the rest to us

  • The credit union deposit funds from the Trust into your Vacation Fund

  • It could take 4-8 weeks for your initial deposit to be deposited into your Vacation Fund Account

  • The funds deposited into your Vacation Fund will be less than what is reflected on your paystub

  • If there are ANY discrepancies with your contributions, please contact your Trust office and ask for the Remittance Department

How to access your Vacation Fund:

  • Contact credit union to begin the process of opening an account to access your funds

  • Once you get access to your account, use our website to check your balance and transfer funds

  • Request a debit card once you open up our FREE checking

  • Request a check to be sent to you

Direct Deposit

Why are you spending money on stamps or gasoline to make deposits of recurring government checks such as Social Security, Veterans Administration benefits, or Local 11 and other IBEW pension, etc.?

May we make a suggestion? Why don't you stop by the credit union (perhaps on your next visit to make a deposit in person) and fill out an authorization form for direct deposit? It's easy, doesn't take long, and puts an end to deposit day aggravation. Your deposit will be credited to your share account regularly, safely, painlessly. It's all upside - no downside. We think your time is better spent a thousand different ways other than worrying about getting your deposit to the credit union. So why don't you start direct deposit today?

IRA Individual

Retirement Accounts

An IRA is a great way to save for the future. In many cases, contributions are tax-deductible, and all interest received on the account is tax-deferred until withdrawal. We offer traditional IRA with 24, 36, and 48 terms.

Grow Dollars for Tomorrow, Save on Taxes Today

A Traditional IRA brings you up significantly from tax advantages, and with less money taken out for taxes; the power of compound earnings is strengthened.

With a Traditional IRA:

  • Earnings accumulated tax-deferred

  • Contributions are tax-deductible if you qualify

  • The amount you can contribute is increasing

Is the Traditional IRA for you? Please call us for more information, (626) 440-9284.