According to the CWA Constitution Article XIII, Section 9(h), Locals shall provide for the bonding of Local Officers and other persons who handle Union funds and property. This bonding requirement also applies to any CWA city, state, regional, etc. Councils. The Labor-Management Reporting and Disclosure Act (LMRDA) requires that individuals handling union funds must be bonded in an amount not less than 10% of the funds handled during the preceding fiscal year. (Sec. 502(a) of the Act)
The Labor Organization Bond is a blanket position Bond. Simply stated, this means the offices of President, Secretary-Treasurer, etc. are insured, rather than the individual. In addition, the Bond covers any member, and full-time or part-time employee(s) of the Local/Council who has occasion to handle Union funds; all new officers and employees are covered automatically.