Thursday, June 9, 2016

UW Credit Union to Raise Its Minimum Wage to $15 Per Hour

The Milwaukee Journal Sentinel is reporting that University of Wisconsin (UW) Credit Union (Madison, WI) will raise its minimum wage to $15 per hour by September 2017.

UW Credit Union announced that it will boost its minimum wage from the current $12.60 to $13.80 this September, then hit $15 an hour a year later.

The higher minimum wage is expected to affect about 25 percent of UW Credit Union's 505 employees.

The increase in the minimum wage is expected to increase the credit union's operating budget by 0.6 percent.

Read the story.

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