WHERE THE STEELWORKERS' UNION SPENDS ITS MEMBERS' MONEY
At the end of 2007, according to its financial reports on file with the US Department of Labor, the United Steelworkers was more than $188 million in the hole. What's even more astounding is the fact that, during the year, the union actually added $69 million to its debt—going from more than $119 million in the hole to $188 million.
Since, according to its government reports, the USW charges its members 1.3% of their pay for dues every month*, one wonders how the union could go $69 million further into the hole.
Well, considering that took in nearly $440 million in 2007 but spent nearly $455 million (see table below), that may only be part of the story.
* Note: According to the USW's dues structure, if you make $10 per hour, you would pay $0.13 to the union for every hour you worked; at $15 an hour, your union dues would be $0.20 per hour.
MEMBERS' MONEY: EASY COME, EASY GO?
MONEY GOING INTO THE UNION
MONEY SPENT BY THE UNION
CASH RECEIPTS
SCH
AMOUNT
36. Dues and Agency Fees
$228,238,138
37. Per Capita Tax
$227,170
38. Fees, Fines, Assessments, Work Permits
$0
39. Sale of Supplies
$175,977
40. Interest
$10,186,409
41. Dividends
$3,702,989
42. Rents
$2,901,799
43. Sale of Investments and Fixed Assets
3
$27,282,468
44. Loans Obtained
9
$0
45. Repayments of Loans Made
2
$269,288
46. On Behalf of Affiliates for Transmittal to Them
$152,803,173
47. From Members for Disbursement on Their Behalf
$0
48. Other Receipts
14
$14,073,362
49. TOTAL RECEIPTS
$439,860,773
CASH DISBURSEMENTS
SCH
AMOUNT
50. Representational Activities
15
$106,511,992
51. Political Activities and Lobbying
16
$5,388,824
52. Contributions, Gifts, and Grants
17
$2,010,929
53. General Overhead
18
$17,959,286
54. Union Administration
19
$14,350,296
55. Benefits
20
$86,824,842
56. Per Capita Tax
$7,054,542
57. Strike Benefits
$18,399,591
58. Fees, Fines, Assessments, etc.
$0
59. Supplies for Resale
$351,274
60. Purchase of Investments and Fixed Assets
4
$34,877,627
61. Loans Made
2
$821,786
62. Repayment of Loans Obtained
9
$0
63. To Affiliates of Funds Collected on Their Behalf
$154,034,506
64. On Behalf of Individual Members
$0
65. Direct Taxes
$6,110,302
66. Subtotal
$454,695,797
67. Withholding Taxes and Payroll Deductions
67a. Total Withheld
$29,149,609
67b. Less Total Disbursed
$29,132,420
67c. Total Withheld But Not Disbursed
$17,189
68. TOTAL DISBURSEMENTS
$454,678,608
SOURCE: United Steelworkers' 2007 Labor Management Disclosure Form LM-2
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