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Members of Local 701 have access to a variety of benefits. In addition to healthcare and training they include the following items.
IUOE Local 701 members are able to join our very own credit union. OE Federal provides free checking and savings accounts, VISA card programs and competitive loans and CD rates. Come visit the credit union’s local branch in Gladstone, Oregon – near the union hall.
Just for paying your monthly dues you are eligible for a death benefit payment. The schedule for the benefit amount depends on length of membership and is listed below. Your Local 701 Death Benefit is not valid if more than 30 days in arrears.
- Up to 1 year = $500
- After 1 year = $1,000
- After 3 years = $2,000
- After 5 years = $5,000
- After 10 years = $10,000
Don’t forget to read the Labor Press for news about Local 701 and labor issues, meeting information and access to other benefits only for union members.
It’s important to support our brothers and sisters by purchasing union made and American made products and services.
Members of Local 701 can get convenient access to information about Operating Engineers Trust Funds and their individual benefits through this secure website.
Members of Local 701 can get convenient access to information about their defined contribution benefits through this secure website.
The Central Pension Fund (CPF) is a multi-employer pension fund established in 1960 to provide retirement, disability and death benefits to members of, and individuals represented by, the International Union of Operating Engineers.