Union books look good

The National Tertiary Education Union made an inconsequential loss last financial year, $34 000 on $25.34m revenue, almost all of which, $22.5m, came from member subscriptions

The union leadership released its annual report just before Christmas.

Income from members was up marginally, to $22.5m with membership dropping 800, to 26 100. While the union is silent on the cause, it may be the result of university job cuts in  the first pandemic year.

Employee benefits fell $460 000, but officeholders received a combined increase of $340 000.

The union had $32.9m in reserves