The Vacation-Holiday Trust was created in 1963 as a means to provide pay during vacations and holidays. It operates as a form of a savings account where each active member has an account that is credited with a fixed amount for each hour worked. The Trust pays out approximately $45 million in Vacation Holiday benefits per year to Local 12 members.
Effective January 5, 2023, you must have an open checking/savings account with OE Federal Credit Union to access your Vacation Pay money and will need to perform your Vacation Pay transactions by using the OE Federal Credit Union mobile app, accessing your account from OE Federal’s website or by in-person banking at an OE Federal Credit Union branch office, at one of the 5,000+ shared credit union branches affiliated with OE Federal Credit Union, or from any of the 50,000+ national Co-Op ATMs that are linked to OE Federal Credit Union.
If you choose not to open an account with OE Federal Credit Union you will not have access to your Vacation Pay money until the Trust sends you your complete Vacation Pay balance during the Trust’s Annual Vacation Holiday Distribution each December 1st, or upon retirement or the death of the Local 12 member.
Opening a checking/savings account with OE Federal Credit Union makes access to your interest earning money easy and can be done by going to OE Federal’s website. Click on the link below to get started or call 800-877-4444.