01/16/2019 - (This article first appeared in the January/February 2019 issue of the American Postal Worker magazine)
On Dec. 4, 2018, the U.S. Treasury Department released the long-awaited report by the White House’s Task Force on the United States Postal System. The Task Force was created by an executive order issued on April 12, 2018. It was chaired by the Secretary of the Treasury Steven Mnuchin, with the Director of the Office of Management and Budget (OMB) and the Director of the Office of Personnel Management (OPM) also serving on the committee. This task force report followed a June 21 recommendation from the White House Office of Management and Budget, which called for the wholesale privatization of the USPS, i.e. selling it to private corporations.
10/22/2018 - On October 16, APWU members and retirees, our sister postal unions, community leaders and allies filled the Hunts Point Post Office in the Bronx, NY to deliver a petition of more than 5,300 signatures to Bronx Postmaster Scott Farrar, calling for expanded financial services at the Bronx post office and nationwide. “Postal Banking brings a service to the people that’s not only important to the community of the Bronx,” said Jonathan Smith, New York Metro Postal Union President, “but it’s important to this nation”.
An astounding 52.3 percent of Bronx households are underserved by traditional Wall Street banks. These residents either have no bank account or have an account and use “alternative” financial services including paycheck cashing and pawn shops.
The Campaign for Postal Banking invited Postmaster Farrar to accept the petitions. He declined to attend the event. Rep. Serrano agreed to deliver the petitions and the letter of Congressional support to Postmaster Megan Brennan.
07/24/2018 - (This article first appeared in the July-August 2018 issue of The American Postal Worker magazine)
Postal services across the world provide tried and tested and successful models for postal banking, or the provision of financial services via the post. New research by Holly Feldman Wiencek, Research Assistant at the National Association of Letter Carriers (NALC), shows differing models for postal banking across the world and the factors that drive their success.
06/21/2018 - The White House proposal on restructuring the federal government released today, “Delivering Government Solutions in the 21st Century,” delivered nothing but misinformation and, if implemented, would end regular mail and package services at an affordable cost to 157 million addresses every day. Furthermore, the White House plan is an attack on many federal agencies and the public services they provide.
Eliminating the universal service obligation, as the plan suggests, would hurt business and individuals alike, and would be a dagger aimed at the heart of rural America and undermine e-commerce.
05/01/2018 - (This article first appeared in the May-June 2018 issue of The American Postal Worker magazine)
Bank of America, the country’s second largest bank, ended its popular free e-checking account and is now requiring customers to maintain a minimum balance of $1,500 or a monthly direct deposit of at least $250. Customers who fail to meet those minimums will be charged a $12 monthly fee.
03/27/2018 - The Research & Education Department will sponsor the APWU’s 16th Educational Conference, a National Convention event that provides union members with a wealth of information to take home to their local and state organizations. Twenty-eight workshops will be offered on Friday, Aug. 17... All APWU members are welcome and encouraged to sign-up online by the early registration deadline of Friday, Aug. 3. This deadline is firm for participants with special needs: If you need a sign interpreter, for example, you must register by Aug. 3. Other participants may try to sign up for workshops after they arrive in Pittsburgh; however, late registrants will have a limited choice of workshops and will not receive certificates.
03/01/2018 - (This article first appeared in the March-April 2018 issue of the American Postal Worker magazine)
U.S. voters strongly support holding Wall Street accountable, according to a 2017 poll by Americans for Financial Reform (AFR). Majorities of Democrats, Republicans, and Independents favor more regulation of ﬁnance, not less.
11/01/2017 - (This article first appeared in the November-December 2017 issue of the American Postal Worker magazine)
Way back in 1956, an article in the Monthly Business Review made a case for ending the Postal Savings System (see box). “It would seem that the Postal Savings System has outlived any social or economic need it may have once satisfied,” wrote the Cleveland Federal Reserve