THE UKRAINIAN NATIONAL ASSOCIATION FORUM

To all members of the Ukrainian National Association

An insurance company can declare and pay dividends only if its business generates a surplus of funds, which then can be divided among all certificate holders. The Ukrainian National Association Inc., in filing its financial statement for the year 2000 has shown the smallest deficit in over 10 years. This small decrease in our surplus is primarily due to sound financial management and cost-cutting measures implemented in the last three years.

The annual comparative report shows that the UNA holds $111.84 of assets for each $100 of liabilities compared to $105.02 held by the average 25 of the largest life insurance companies. However our actuary is still not permitting us to pay dividends for the year 2000. The Executive Committee of UNA has not declared a dividend to the membership for the year 2000.

As a life insurance company we are profitable, but as a fraternal society we have some very expensive benefits that our members enjoy and have enjoyed for many years. Once again we would like to inform the membership where the UNA as a fraternal society spends its money.

1. UNA supports two weekly newspapers, Svoboda and The Ukrainian Weekly. In the year 2000 the UNA paid $175,000 to support the papers.

2. Our resort, Soyuzivka, received $579,000 from the UNA during the past year.

3. Members age 79 and older received a fraternal benefit of $170,000 to pay their premiums.

4. Chronically ill members received a total of $3,300.

5. Scholarship recipients received $23,000 in scholarship for the academic year.

6. Each graduate of Ukrainian Saturday schools received a $50 gift from UNA.

Many more thousands of members throughout the years enjoyed discounts at our resort, Soyuzivka, and on subscriptions to our publications. Unfortunately, these generous benefits are not covered by our fraternal dues of $3 per adult member annually. We as a society must realize that we must either reduce these benefits, raise the fraternal dues or increase our insurance sales to afford these benefits.

Your membership in the UNA is a valuable asset to you not only as insurance on your life but for the many benefits it provides. Your membership not only provides you with benefits, but at the same time supports the entire Ukrainian American community. We highly value your membership in our association and hope to serve you and your children for another 107 years.

Your voice is important to our organization. Please participate in the election of delegates to the UNA Convention in 2002 that will express your views, new ideas and desires about the future of UNA and its membership.

- The Executive Committee

UNA honors member-graduates of Immaculate Conception High School

WARREN, Mich. - Twenty-one students graduated from Immaculate Conception Ukrainian Catholic High School on Sunday, June 3. Among them were two UNA members, who received financial aid from the Ukrainian National Association. The two recipients, Stephanie Hreha (second from left) and Natalie Tobianski (second from right), are seen above during the graduation rehearsal with Principal Michaeline Weigle and UNA Auditor Dr. Alexander J. Serafyn.

Young UNA'ers

• Anna Elizabeth Miller, daughter of Patricia Vera and Ronald Miller, is a new member of UNA Branch 147 in Allentown, Pa. She was enrolled by her parents.
  
• Maya Stawnychy, 9, of Kinnelon, N.J., is a new member of UNA Branch 325 in Brooklyn, N.Y. She was enrolled by her parents, Zoriana and Yuri Stawnychy.

Copyright © The Ukrainian Weekly, June 17, 2001, No. 24, Vol. LXIX

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