Member Benefits

Carpenters Union benefits are the best in the industry. They are established through collective bargaining between union and management representatives and administered by Trustees equally representing both sides. For every hour a carpenter works, employers contribute specified amounts to cover their benefits. Employers also contribute to industry improvement through apprentice and journey level upgrade training and safety programs.

Our members enjoy wages, working conditions and benefits that allow them to provide a decent life for themselves and their families. We are committed to bringing the benefits of union membership to carpenters throughout the New England.

First Trade Union Bank - The Bank of Choice for Working People

First Trade Union Bank, founded in 1987 in Boston by the Massachusetts Carpenters Union, provides banking services designed for working people from many different union organizations. Our mission is to deliver common sense financial solutions unique to union organizations and their members, working families, and small businesses.

Our Union Advantage Program is a total banking relationship designed for union members to earn more money on savings and save more money on services.

It provides:

• A Premium Rate Savings Account on balances over $250 A Free Checking Account with an ATM card

• Access to your money through SUM Program surcharge-free ATMs - more than 1850 in New England

• Free deposit taking at NYCE Shared Deposit ATMs in Massachusetts

• Free Online Banking - Free Bank-by-Mail - Free 24-Hour Telephone Banking

• Free Money Orders, Treasurers Checks and American Express Travelers Cheques for one

• And much more

Visit us at www.ftub.com to check out all the details of the Union Advantage Program - especially the high rate savings account. Or call us toll-free at 1-800-242-0272 from 8:30 a.m. to 5:00 p.m. Monday through Friday to speak to a Customer Care Associate who will answer your questions and send you a new account kit. Member FDIC.