Category Archives: Defense Fund
We’re accepting expressions of interest from GSU members wanting to become a GSU Defense Fund director
The board of directors of the GSU Defense Fund is responsible for overseeing the administration and investment of the Fund assets (currently $5.3 million). The primary purpose of the Fund is to provide income protection and assistance to GSU members … Continue reading
GSU Defense Fund Directors meet, review first quarter report
A conference call meeting of the board of directors of the GSU Defense Fund was held on Wednesday, April 28. The directors received and reviewed RBC’s first quarter report for 2021 which indicates a modest improvement of .39 percent in the … Continue reading
Would you like to be a GSU Defense Fund director? Learn more here
GSU convention delegates will elect five Defense Fund directors When delegates to GSU’s biennial conventions meet they elect five union members to two-year terms on the board of directors of the GSU Defense Fund. The elected directors oversee the administration … Continue reading
GSU Defense Fund ends year with new high
The Defense Fund is an important component of union members’ resources. The primary purposes of the GSU Defense Fund is to ensure and provide for the continued operation of GSU and to provide strike/lockout pay to members of GSU in … Continue reading
GSU Defense Fund directors meet to review investments, finances
The board of directors of the GSU Defense Fund met on Dec. 10 to receive an update on the financial position of the Fund and hold an investment review meeting with representatives of RBC Dominion Securities. The reports received by the … Continue reading
Defense Fund board of directors meets, approves transfer for legal expenses
The GSU Defense Fund Board of board of directors met via conference call on May 24, 2018. The purpose of the meeting was to receive an update on the value of the Fund’s assets and to consider a resolution adopted … Continue reading
Convention delegates set union’s course for the next two years
GSU members, officers, staff, and guests gathered in Humboldt from March 22 to 24 for GSU’s biennial policy convention. Most notably, convention delegates: adopted the Joint Executive Council’s annual report and GSU’s audited 2017 financials statements, and authorized distribution of … Continue reading
Changes and updates to the $4+ million Defense Fund will be discussed at convention
In addition to reviewing amendments and changes to GSU’s Defense Fund, GSU convention delegates will elect five of their peers to serve as the Defense Fund Board of Directors. (Learn more about the Defense Fund, the Board, and their responsibilities … Continue reading
GSU’s Defense Fund directors approve recommendations to re-balance equity
GSU’s Defense Fund directors and GSU general secretary Hugh Wagner met with RBC investment advisors Keith Pavo and Derrick Ng to review Defense Fund investment returns for 2017. Pavo and Ng provided a portfolio review with a focus on fixed income returns … Continue reading
Voters approve continuation of GSU Defense Fund dues
As they have for more than 20 years, GSU members attending 2017 annual meetings considered, debated and ultimately voted on whether to continue the additional union dues of $10 per member per month being paid into the GSU Defense Fund. Once … Continue reading
GSU Defense Fund directors meet, receive fund update
The board of directors of GSU’s Defense Fund met by conference call Nov. 30. The meeting included an update on the value of the Fund, which is currently $4,153,000. The assets of the Fund consist of $3,798,000 invested with RBC … Continue reading
GSU Defense Fund assets top $4 million
According to the second quarter portfolio report, the GSU Defense Fund had assets of $3.8 million invested with RBC Dominion Securities in addition to $317,000 in cash on deposit at Affinity Credit Union. Total assets currently stand at $4.117 million. … Continue reading