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IBEW Local 242
Electrical Vacation Fund Loan Program

We are committed to helping service our union partners.

In doing so, we offer an option to allow you to use your Vacation Funds early, by providing a short-term loan based on monies contributed to your Union Vacation Account. Rate of 11%

OPEN ENROLLMENT starts December 1st through February 15th. All loans are paid in full starting March 1st.

The application can be completed via desktop computer, tablet, or smartphone.

Get Started

*Due to the high volume of calls we will not be taking applications over the phone: all applicants will be directed to apply online.

Applications are reviewed in the order they are received by the Credit Union. A Loan Consultant will reach out to you within 3 – 5 days.

Stay Alert: Phishing Scams are on the Rise Scammers use our and other institutions names to target you. Never reply to these messages directly. Contact us via our posted contact info to verify.