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Legal Rights--> Get LM-2 Forms
How to Get LM-2 Union Financial Statements
by the Labor Management Reporting and Disclosure Act are required to submit
annual financial statements to the US Department of Labor. These statements
provide basic information (click
here to find out what's on an LM-2, and what LM-3 and LM-4 are). LM-2
reports are public documents that you can distribute. LM-2 forms are now
online on the website of the US Department of Labor (www.dol.gov). Note:
the forms are searchable, this means you can look for all officers
earning over $100,000, for example, or for information about a particular
officer or employee of the union. You can also get information on union
Trusts and PACs. (To search use this link http://www.dol.gov/olms/regs/compliance/rrlo/lmrda.htm)
The LM-2s have been revised and the website has been revised too. There is a lot of information, but it takes more work to get it.
Here's how to find the LM-2 information for your union:
The LM-2 Form will tell you when the next union election is, how many members the union has, the salaries of officers and staff, andother useful information, including:"whether the union has any subsidiary organizations; whether the union has a political action committee (PAC); whether the union discovered any loss or shortage of funds; number of members; rates of dues and fees; 7 asset categories such as cash and investments; 4 liability categories such as accounts payable and mortgages payable; 16 receipt categories such as dues and interest; 18 disbursement categories such as payments to officers and repayment of loans obtained; a schedule of payments to officers; a schedule of payments to employees; a schedule of office and administrative expense; a schedule of loans payable"
What's an LM-3 form?
The LM-3, and LM-4 forms are simplified versions of the LM-2 for smaller unions.
Disclaimer: the information presented on this website is general and intended for educational purposes. It is not a substitute for practical legal advice on any specific situation.
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