FBFSEU provides a variety of services to our members. Our primary function remains the provision of collective bargaining, grievance handling and advocacy issues for members.
In addition we provide retirement, disaster, death benefits and a credit union loan/saving scheme.
A group medical and life insurance scheme is also available for members and their families.
Click below for more information:
Industrial Relations is the core function of our Union
IR involves various facets of interaction between the Employers (and their HR Teams) and the Employees (via their Unions). These interactions, though often harmonious, are also susceptible to conflicts. Managing of these conflicts and negotiating Salary increments and COLA adjustments to our members’ salaries and better working conditions are our primary activity.
When an individual Employee negotiates his/her Salary and other conditions of Employment against the organizational might of the Employer, the ‘bargaining relationship’ is characterized by an imbalance of power.
Collective Bargaining is referred to as the process through which the bargaining power between the Employer and via a collective of Employees is equalized. There is strength in Unity. Any Union is as powerful as the strength of its membership in any Employer Business. The Union activity of membership drives/recruitment is referred to as ‘organizing‘.
FBFSEU represents employees of 17 Employer organizations – for whom we Collectively Bargain.
Unresolved disputes of individual personal grievances are referred to the Mediation Services (Ministry of Labour & Industrial Relations) for Mediation and if still unresolved are then referred to the Employment Relations Tribunal for determination.
FBFSEU is with you all along the way.
Please read our latest circular below:
Want to take loans? Then join the FSU Thrift & Credit Co-Op Society Ltd today!
Be a member for 4 months, contribute towards your shares every fortnight and be eligible for loans up to your share value or an excess (conditions apply)
MEMBERSHIP FEES
$5 per
CONTRIBUTIONS
At a minimum of $10 per fortnight (or multiples of $10 i.e. $20, $30, $40 etc)
TAKE LOANS
After 4 months of membership. Up to share value.
EXCESS LOANS
$300 – at discretion of the Board and if you have built your shares up to $300. Repayment automatically becomes $100 fortnight.
$500 – if you have a share value of $1000 or more. Repayment automatically becomes $100 fortnight.
REPAYMENT TERMS
Less than $100 – 6 fortnights
$100 – $250 – 13 fortnights
More than $250 – 26 fortnights
More than $1000 – 52 fortnights
INTEREST ON LOAN
7% on reducing balance
FEES CHARGED
Loans $2 Excess Loans $15
Partial Withdrawals $20
Full withdrawals $20
DIVIDENDS
Paid out to members when a profit is made and dividends/bonus payments declared by the Credit Union.
Dividend is calculated by %age of total shares x total Dividends declared.
Forms