Unions are by no means simple organizations. The UAW is a big business, surviving on the dues of its hard-working members. The UAW is required each year to file a document called an "LM-2" which reports the union's most recent financial flow.
It's unlikely that their members ever get to see the LM-2. But you can see for yourself - look at the International's LM-2.
In 2011, the UAW International LM-2 Report stated that the union collected over $257.7 million in cash receipts. Even with that amount of money coming in, the UAW still somehow managed to pay out $258.1 million - $300,000 more than the Union collected.
What do the real numbers look like? To see the real dollars from the UAW financial statement, simply move your cursor over the word "Disbursements" or the word "Receipts."
$18,029 divided between 380,719 members is just $0.05 per member.
 A chunk of the money is paying top union official salaries and costly operating expenses.
The UAW paid nearly $50 million for the combined salaries and expenses of its officers and employees.
And benefits for the UAW officers and employees totaled nearly $70 million.
Take a look at the chart below which breaks down how the UAW over $275 million.
*Other: Contributions, Gifts, and Grants; Strike Benefits; Fees, Fines and Assessments, etc.;
Supplies for Resale;Repayment of Loans Obtained; To Affiliates of Funds Collected on Their Behalf; Loans Made; On Behalf of Individual Members; |
How much of the UAW's income could come right out of your pocket?
