Action Center
General Meeting
6:00 pm, 2nd Thursday @ 2525 Cleveland Ave., Santa Rosa, CA
Unit Meeting
6.00pm, 2nd Thursday @ 840 E Street, Eureka, CA. We will attend the Santa Rosa meeting with Stream Live Video.
Re-sign
Applicants on the Available-for-Work list must renew that application during the last five working days of each month and through the first working day of the following month or he/she will be removed from the list.
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The International Brotherhood of Electrical Workers is the largest electrical union in the world. The IBEW represents workers' rights in all areas of the electrical industry. The National Electrical Contractors Association is the management association for electrical contractors. NECA represents thousands of employers who guarantee their installations and perform quality work on time and on budget. To provide the highly skilled work force necessary to meet the customer needs and insure job satisfaction for the electrical workers, the IBEW and NECA sponsor the very best, unparalleled apprenticeship training programs.

 


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What's New at IBEW 551
DUES INCREASE

Posted On: Jan 05, 2012 (16:16:14)

Dues for 2012 have increased.  They are $31.00 for A members and $17.00 for BA members.  Please pay the correct amount for 2012.

UNION PLUS MORTGAGE PROGRAM

Updated On: Jan 05, 2012 (16:11:00)

If you’re like many union workers, your house is the most valuable asset you have. But it’s more than an asset: it’s your home. You need to do everything you can to protect it. One of the best things you can do is to get a Union Plus mortgage.

Q:   How will getting a Union Plus Mortgage loan protect my home?

A: This product, made available to union members by Union Privilege, was created to help members in time of hardship., In the event of layoff, disability, or a union-sanctioned strike, Union Privilege makes your mortgage payment directly to the mortgage provider with an interest-free loan for up to six months. The intent of the program is to give you a way to stay current on your mortgage while seeking new employment or waiting for the disability checks to arrive. By keeping your mortgage current, creditors are not calling, your credit rating stays intact, and the peace of mind for you and your family is invaluable.   (Please note that the benefit kicks in after the borrower has made 12 payments on his loan.)
Q: How much does having this mortgage assistance clause cost me?
A: Nothing. It is free to members of qualifying unions, just for being a union member. And not only is there no charge for the protection, your closing costs are discounted $495!!
Q: I’ve heard it would also be available to my children?
A; That is correct. Union Plus Mortgage is available to active AND RETIRED members of IBEW (as well as and many, many other unions) AND their parents and their children. And yes, even if your parents or children are not union members, the mortgage assistance covers them in the event of layoff or disability. It covers whose ever income was used in qualifying for the loan.
Q: How is this interest free loan repaid?
A: In the event of layoff or disability, the first $1000 of the loan if forgiven…it is a grant. The remainder of the loan is paid off beginning 4 months after the last payment was made by Union Privilege, and the payment is 10% of the mortgage payment. For example, if your mortgage payment was $1500, your repayment plan would be $150/month.
In the event of a Union-sanctioned strike, there is a one-time only benefit of the entire loan amount being forgiven…the entire balance is treated as a grant.
Q: What are the terms of a Union Plus mortgage loan?
A: This is a benefit that can be attached to almost ALL of the products Chase offers, including FHA, VA, and Conventional loans. These loans will be at the exact same terms and rates as available to non-union members, except that you will enjoy the reduced closing costs and mortgage assistance benefits. Furthermore, the servicing of these loans will stay with Chase for the life of your loan.. it will not be sold to another servicer!
Q: I’m interested in learning more about the program, and about current rates, down payment requirements, etc. What do I do next?
A: The Union Plus mortgage is available exclusively through Chase, who Union Privilege selected to be the provider of this product.   You can learn more talking to a loan officer at your local Chase branch, or calling our Union Plus Mortgage coordinator, Mary Niederhaus (916-567-5309), and she will assist you.
 
 

 

 

 
Member Assistance Program (MAP)

Updated On: Dec 06, 2011 (14:33:00)
Please see "Current News" section for information on the Member Assistance Program (MAP).
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Action Center
General Meeting
6:00 pm, 2nd Thursday @ 2525 Cleveland Ave., Santa Rosa, CA
Unit Meeting
6.00pm, 2nd Thursday @ 840 E Street, Eureka, CA. We will attend the Santa Rosa meeting with Stream Live Video.
Re-sign
Applicants on the Available-for-Work list must renew that application during the last five working days of each month and through the first working day of the following month or he/she will be removed from the list.
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Action Center
General Meeting
6:00 pm, 2nd Thursday @ 2525 Cleveland Ave., Santa Rosa, CA
Unit Meeting
6.00pm, 2nd Thursday @ 840 E Street, Eureka, CA. We will attend the Santa Rosa meeting with Stream Live Video.
Re-sign
Applicants on the Available-for-Work list must renew that application during the last five working days of each month and through the first working day of the following month or he/she will be removed from the list.
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