FIRST Union members at ANZ National and at the Co-operative Bank are currently voting on proposed collective agreement offers.

At the Co-operative Bank, the vote is indicative as the offer (including a 2% pay offer and a working party process to address pay parity with other banks) does not meet the mandate set by members. Meetings will run through to 3 August.

At ANZ National, the vote is a formal ratification vote. Meetings will finish next week. The offer in that vote includes a 2.75% increase for the first year and 2.25% for the second year.