cactusboy53
Well-known member
- Joined
- Jan 1, 2006
- Posts
- 542
What surprised me was that so many were willing to allow the medical insurance assessment money to become another USAPA slush fund. They haven't used any of the money they have extorted from the pilots productively, yet so many are willing to throw good money after bad.
USAPA - The Gold Standard of Stupidity
USAPA is in "the black" general funding-wise, but we have ZERO money in the bank tagged for Merger Funds. While the MOU has language for the company to reimburse USAPA for merger activities, we will most assuredly use all of that (IMHO). This is why USAPA has in its constitution & bylaws an ability to assess the pilot group for said funds.
The $400,000.00 is a portion of what will be needed (IMHO), and thus just a temporary merger financial bandaid.
Converting those funds saved the association a little money & time. That's all.
CB