Class Code 8801
Credit Unions
Class Code 8801 covers credit unions and the office-based functions that run their branches and corporate back offices. The WCIRB-approved pure premium rate for California effective Sept 1, 2026 is $0.430 per $100 of payroll, which reflects the generally low physical-injury exposure for clerical banking operations.
What Class Code 8801 Covers
Class Code 8801 is assigned to credit union operations that are primarily office and branch-based. That includes front-line teller work, member services, loan origination and processing, branch management, accounting and back-office transaction processing performed inside branch or corporate facilities. Routine cash handling at teller windows and vault balancing at branch locations are typical exposures in this class; however specialized high-risk activities such as armored courier work or armed security are separately classified. IT support, compliance, call-center or remote back-office staff working in credit-union operations also fall under this code when their duties are office-focused and do not include field driving or heavy physical labor.
Who It Applies To
- Credit union branch tellers and member-service representatives
- Loan officers, underwriters and loan processors at credit unions
- Branch managers and assistant managers
- Back-office accounting, reconciliation and check-processing staff
- Call-center and member-support personnel employed by credit unions
- In-house IT, compliance and administration staff in credit-union operations
Common Job Duties
- Processing deposits, withdrawals, check cashing and teller transactions
- Opening and servicing member accounts and performing ID verification
- Loan intake, documentation review, credit checks and loan processing
- Reconciling vaults, preparing deposits and daily balancing
- Data entry, recordkeeping, ACH and check-clearing processing
- Customer service in person and by phone, including dispute resolution
- Routine office tasks: filing, compliance audits and internal reporting
Common Injury Risks
Understanding the $0.430 Rate
The WCIRB pure premium rate of $0.430 per $100 of payroll represents the insurer's estimate of expected claim costs for the class before policy expenses and adjustments. To calculate base premium multiply total payroll for 8801 employees by the rate (payroll/100 x 0.430); insurers then apply the experience modification, policy-level expense constants, audits, assessments and any schedule rating credits or debits to determine the final premium. Employer-specific factors that affect the final premium include claims history (X-mod), accurate job classification, payroll mix, safety programs and participation in group or PEO purchasing arrangements.
Cal/OSHA Compliance Requirements
California employers of credit-union staff must maintain an effective Injury and Illness Prevention Program (IIPP) that addresses recognized hazards such as workplace violence, ergonomics and housekeeping. Cal/OSHA recordkeeping (Form 300/300A) and prompt reporting of serious injuries are required; robbery response, emergency action and first-aid planning should be integrated into safety procedures. While there is no separate general-industry robbery standard, employers must evaluate violence risks under their IIPP and provide training, engineering controls (cameras, barriers, alarm systems) and administrative controls (cash limits, two-person policies) as appropriate.
How Key HR Helps Employers Under Class Code 8801
A PEO like Key HR can help credit unions ensure accurate classification and payroll reporting, implement statewide-calibrated safety and robbery-prevention programs, and manage claims through coordinated incident response and return-to-work plans. Key HR also consolidates purchasing power for workers' comp, provides access to seasoned claims adjusters and loss-control consultants, and helps lower experience modification factors through proactive safety training and post-claim case management.
Get a QuoteFrequently Asked Questions
Are tellers and loan processors definitely covered by Class Code 8801?
Yes — branch tellers, member-service reps, loan officers and back-office processors working in a credit union are typically classified under 8801, provided their work is office-based and does not include field deliveries, armored-courier duties, or armed security responsibilities.
What drives the final premium above the $0.430 pure premium rate?
Final premium reflects the pure premium multiplied by payroll plus insurer expense loads, taxes and assessments, and is adjusted by the employer's experience modification, any audits, schedule credits/debits and classification accuracy. Better loss-control, fewer claims, and accurate employee coding can materially reduce what you pay.
What Cal/OSHA actions should a credit union prioritize to reduce claims?
Prioritize a documented IIPP that includes workplace-violence hazard assessment and robbery-response training, ergonomic workstation setups, regular housekeeping to prevent slips/trips, and timely injury reporting and return-to-work procedures. Engineering controls (cameras, alarms, tellers' screens) and clear cash-handling controls also reduce both risk and post-incident claims costs.
Quick Facts
- Class Code
- 8801
- Classification
- Credit Unions
- Pure Premium Rate
- $0.430 / $100 payroll
- Effective Date
- September 1, 2026
- Source
- WCIRB Approved Filing
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