A report to members on the union’s finances
Workers face difficult economic conditions and challenging social issues exacerbated by biased policies. These favor capital and technology flow without protecting workers’ rights or the environment. We of the UAW are proud to continue our tradition of fighting for economic and social justice, and we remain steadfast in our commitment to global worker solidarity.
It is our responsibility to make fiscally sound judgments in the course of our operations, while we nurture the power of the union. Especially in these challenging times, we must forge successful organizing, servicing and legislative programs that move the union’s agenda. Meanwhile we must keep faith with the membership by maintaining an exemplary education and communication system.
The following financial report provides you with information about the union’s financial position. Some highlights include:
• During 2004, organizing drives brought 88 new bargaining units into the UAW, accounting for 11,766 potential new members.
• The union’s net worth at the end of the year amounted to $1,177,535,027.55.
• Overall active and retired membership stood at 1,185,957.
• Approximately 1 percent of UAW members went on strike last year, and those 12,895 workers received over $12.7 million from the union’s Strike Fund, which pays for benefits, medical and other expenditures.
• Nearly half – 48 percent – of all dues collected last year went to local unions, 15 percent went to the Strike Fund and 37 percent went to the International Union’s General Fund.
• Total income last year was $272 million, while total expenses amounted to $221 million.
UAW Secretary-Treasurer Elizabeth Bunn’s full report is available for examination at local unions and in Adobe PDF format by clicking the link below:
2004 UAW Financial Report
(Adobe PDF 129k)
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