Common use of CREDIT UNION DEDUCTION Clause in Contracts

CREDIT UNION DEDUCTION. The Board agrees to deduct from the salaries of the Teachers an amount of money to be deposited with the Teachers' Credit Union using direct deposit. Such deductions shall be made from the salaries of those teachers who individually and voluntarily authorize the Board in writing, on a form submitted by the Alliance, to deduct and transmit such monies to the Credit Union. The administrative procedures to be followed in implementing this proviso shall be mutually agreed upon between the Board and the Alliance, using subparagraph P(3) of this Article as a guideline.