Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
American Airlines FCU to pay OT back wages
FORT WORTH, Texas (8/11/11)--A credit union in Fort Worth, Texas, has agreed to pay $83,608 in back overtime wages to 295 current and former employees after an error in calculating the formula for overtime resulted in its classifying salaried employees as exempt from overtime and record-keeping provisions in the Fair Labor Standards Act (FLSA). American Airlines FCU will pay current and former tellers, loan officers and member service representatives, according to the regional administrator at the U.S. Department of Labor's Wage and Hour Division (Houston Workplace Issuers Examiner Aug. 8). An investigation by its Dallas District Office found improper classification for the employees, who were paid straight-time wages instead of time and a half wages required by FSLA. The office also said it did not keep accurate work time and payroll records for employees. FSLA requires covered employees to be paid at least the federal minimum wage of $7.25 for all hours worked, plus time and a half of their regular rate of pay, including commissions, bonuses and incentive pay, for hours worked beyond 40 per week, said the division. The time and a half requirement also includes incentive pay, bonuses and commissions.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
1 day ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
1 day ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
1 day ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
1 day ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
1 day ago