Bargaining
Ladysmith & District Credit Union – Bargaining Update #2 – Tentative Agreement Reached
October 14, 2025
To: All Members at LDCU
Your bargaining committee is pleased to advise that we met with your Employer on October 8, 2025, and have reached a tentative agreement, subject to membership ratification. Your bargaining committee recommends ratification of this agreement.
Highlights of the 4-year deal includes, but are not limited to:
– Wage increases over the term:
| YEAR | TERM | GROUP 1-2 | GROUP 3-6 |
| 1 | June 30, 2025 – July 1, 2026 | 6.25% | 8.25% |
| 2 | June 30, 2026 – July 1, 2027 | 3% | 3% |
| 3 | June 30, 2027 – July 1, 2028 | 3% | 3% |
| 4 | June 30, 2028 – July 1, 2029 | 3% | 3% |
– Elimination of the restriction that limit vacation days taken as single-day increments
– Increased vacation entitlements
– Updated and improved language on Letter of Understanding #2
– Updated and improved language on Severance Pay
– Updated and improved language on Vacation Scheduling
– New language on Bereavement Leave
– New language on Duty to Accommodate
– New language on Inclement Weather Leave
– New language on Compassionate Care Leave
A ratification meeting will be held at LDCU main branch (300 First Avenue, Ladysmith BC) this Thursday, October 16, 2025 from 5:30pm to 6:30pm where the details of the Memorandum of Agreement (MOA) will be shared. You may also view the MOA in advance of the meeting here. An in-person ballot vote will take effect immediately after the meeting from 6:30pm to 7:30pm. Your presence and vote on Thursday is strongly recommended.
Thank you for your continued support and patience with this process.
In Solidarity,
Your Bargaining Committee,
Carrie Alexander, Bargaining Committee Member
Denine Vadeboncoeur, Bargaining Committee Member
Dora Wong, Union Representative