AFGE BOOSTS ITS FINANCIAL STRENGTH
AFGE recently announced that it has paid off the mortgage on its headquarters building, located in a prime spot just a couple of blocks from the U.S. Congress in Washington, DC. Based on its DOL report, that will free up a million dollars or more that the union can use to boost the representational return on the $20.00 a month each member pays in dues, e.g., more staff, more media support of federal employees, more lobbying, etc. The Federation has done a lot of great work over a recent 12 year period driving up membership in locals with chronically low membership, raising its annual income from $39 million to $119 million, and reducing its financial liabilities in one year by $23 million. Finally owning its national headquarters is yet another financial achievement. The union has a lot to be proud of.