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Financial Issues for Local, State Union Officers

News: Financial Issues for Local, State Union Officers

It’s That Time Again

01/01/2018 - (This article first appeared in the January-February 2018 issue of the American Postal Worker magazine) 

By Secretary-Treasurer Liz Powell 

Each year, this department seeks to assist local officers in performing the administrative duties they were elected to do. All the listed chores are essential to running your local or state union. Once you start scheduling, you will be surprised how easy it is to keep up with your local duties.

The 411 on Local Trustees’ Responsibilities

07/08/2016 - (This article first appeared in the July-August issue of The American Postal Worker Magazine)

No matter the size of an organization or what it does, there are always concerns related to funding. It could be a social club, the Boy Scouts, your bowling league – or your local union.

Members of organizations often elect or appoint fellow members they trust to periodically review finances and report on their findings. How was the group’s money spent? Who spent it? Who authorized the spending?

Mandatory IRS Report:

990s Are Due!

03/01/2016 - (This article first appeared in the March-April 2016 issue of The American Postal Worker magazine.) 

For unions, filing IRS form 990 annually is not optional! failure to submit this report could result in significant monetary penalties and revocation of our tax-exempt status.

It's State Law

01/01/2016 - (This article first appeared in the January-February 2016 issue of The American Postal Worker magazine.

Recently, an APWU local union received a “penalty assessment order” from a state agency that instructed the local union to pay $41,000 for failure to carry workers’ compensation insurance.  

Meeting the Training Challenge

11/01/2015 - (This article first appeared in the November/December 2015 issue of The American Postal Worker magazine.)

The APWU has 875 chartered local and state unions in the U.S., Puerto Rico, the Virgin Islands and Guam, and each one of them has officers who are elected to be custodians of the union’s funds.

In most cases, prior to taking office, the officers have no prior accounting experience and have never managed organizational funds. The challenge for the Secretary-Treasurer’s Department is to provide training on their legal and constitutional obligations, and on best practices when administering union funds.