As with many other nonprofit organizations, unions are particularly susceptible to fraud, corruption, and theft. This vulnerability often stems from inadequate internal financial controls and the fact that unions tend to manage large sums of money. In March of 2024, the House Committee on Education and the Workforce sent letters

As the world moves further away from paper systems and toward fully digital processes, unions are joining in the shift. From electronic recordkeeping and digital communications to E-dues and remote voting systems for union officer elections, many unions are embracing the efficiency offered by digitalization. As methods of recordkeeping and

As one of its many provisions, the new tax law known as the “OBBBA” has established new parameters for 529 education savings plans. 529 plans can now be used to pay for additional qualified educational expenses—including trade school, workforce training programs, and other postsecondary credentialing costs. This expansion of 529

In an increasingly technology-centric world, data security is unsurprisingly among the top concerns for many organizations in 2025—and unions are no exception. Unions are responsible for storing and protecting sensitive digital data, including members’ personal details, union financial information, and collective bargaining strategies. Unfortunately, this data can attract cyber criminals

The budget reconciliation bill, entitled the One Big Beautiful Bill Act (OBBBA), was signed into law by the president on July 4, implementing many significant tax and spending policy changes and extending several policies previously set to expire. The law’s provisions are wide sweeping, affecting individuals, businesses, and other organizations

Last updated on July 3rd, 2025Unions, like any other organization, are subject to financial recordkeeping requirements. The Labor-Management Reporting and Disclosure Act (LMRDA) provides specific guidelines for unions in regard to financial records and retention requirements, with the purpose of ensuring transparency and promoting democratic practices within labor organizations. According

Last updated on June 16th, 2025As unions perform their primary function of supporting and advocating for union members, various financial processes are taking place behind the scenes every day. These financial processes include collecting and processing member dues, creating budgets, authorizing and tracking expenses, maintaining financial records, preparing financial reports,

Last updated on May 5th, 2025Labor Unions operate within a unique regulatory environment, and as such, must constantly monitor compliance in their financial processes. Compliance within labor unions is essential for maintaining the union’s financial and reputational integrity, as well as protecting the rights of both workers and employers. Compliance