CUNA Mutual Group announced Friday that Local 39 of the Office & Professional Employees International Union has ratified a three-year contract with the Madison, Wis., company.
Salary increases, bigger performance bonuses, modifications to health insurance and to the current defined benefit plan were in the package for approximately 700 employees of the credit union insurance and investments firm.
“Our company has a goal of being an employer of choice who provides good-paying jobs, strong benefits, professional growth and development, and opportunities for employees to make a difference for the customers we serve and the communities where we live,” CUNA Mutual’s chief human resources officer, David Sargent, said in a company statement.
“Union leadership and the company worked hard in the past two months to reach agreement on a contract that reflected both sides’ most important issues,” he said.
“Reaching an agreement of this sort during these economic times was difficult, but working together was key and both teams were determined to achieve results” said Debra Eveland, business representative for OPEIU Local 39. “The union looks forward to continuing a working relationship with the company.”