We understand it may be difficult to find another financial institution or insurance company to provide you with a surety bond in the current economy, and if you do, they can be quite costly. You lose money year after year, up-front costs are astronomical (not economical), and we're here to help you get to work and keep more money in your pocket.
New or current contractors in need of providing a Letter of Credit to their Union Local in order to do business in their craft now have a free option to do so. You actually earn money, rather than giving it away! United Labor offers an Irrevocable Letter of Credit Program to Union contractors in any amount required by your Union's labor agreement at no charge. For more information, e-mail Tim@UnitedLaborCU.org, or call (816) 313-2848.
Click to view the ILOC Program presentation on the right to learn more about the program's benefits for Union contractors.
Contractor Benefits of Membership The Union contractor benefits from all the same services each individual member and Union local enjoys such as free, interest-bearing checking, easy savings programs and low-cost borrowing opportunities. What's more, you may qualify for up to a $10,000 limit with our Power Visa credit card featuring a low, flat rate and payment flexibility.
By joining United Labor Credit Union, the Union contractor is also able to offer all his or her employees the free benefit of personal financial services backed by a cooperative institution who knows your unique industry.
Contractors save money and provide security for employees by using Direct Deposit and/or Payroll Deduction at United Labor
Rather than loaning company money to help employees in need, know that United Labor can help your employees get into a more positive financial situation at no risk to your company Print credit application
Free, quarterly Financial Education helps your employees budget better and eases their financial worries, in-turn improving productivity, attendance, communication and overall wellness