{"id":15812,"date":"2012-02-16T16:45:02","date_gmt":"2012-02-16T16:45:02","guid":{"rendered":"http:\/\/utu.org\/?p=15812"},"modified":"2012-02-16T16:45:02","modified_gmt":"2012-02-16T16:45:02","slug":"smart-will-boost-utuia-financial-strength","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/smart-will-boost-utuia-financial-strength\/","title":{"rendered":"SMART will boost UTUIA financial strength","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<p><strong>By UTU International President Mike Futhey \u2013\u00a0<\/strong><br \/>\nCongratulations go to Art Rayner, the United Transportation Union Insurance Association\u2019s man of the year for 2011.<br \/>\n<figure id=\"attachment_15801\" aria-describedby=\"caption-attachment-15801\" style=\"width: 148px\" class=\"wp-caption alignleft\"><img decoding=\"async\" class=\"size-full wp-image-15801 \" style=\"margin: 4px;border: 1px solid black\" title=\"art_rayner_2011\" src=\"https:\/\/www.smart-union.org\/wp-content\/uploads\/2012\/02\/art_rayner_2011.jpg\" alt=\"\" width=\"148\" height=\"150\" \/><figcaption id=\"caption-attachment-15801\" class=\"wp-caption-text\">Art Rayner<\/figcaption><\/figure><br \/>\nArt was recognized for his sales and leadership performance \u2013 attributes that helped propel the UTUIA last year to one of its strongest financial performances.\n<\/div>\n<p>The competition Art faced from our other dedicated and determined field service representatives demonstrated that the UTUIA is financially strong and growing. And the UTUIA will grow even stronger as our merger with the Sheet Metal Workers International Association into SMART eventually allows 150,000 additional trade unionists to join the UTUIA through purchase of insurance and investment products.<br \/>\nFor 2011, the UTUIA\u2019s assets grew by $3 million, its annual revenue topped $17 million, and it produced a surplus (net income after costs are deducted) of almost $2 million.<br \/>\nThe UTUIA\u2019s investment portfolio is generally conservative, primarily invested in government and corporate bonds and companies with the highest credit ratings, with just 15 percent of assets invested in stocks and real estate.<br \/>\nOur field supervisors have been provided with new technology that better helps them provide insurance advice, while the number of UTUIA insurance products has increased.<br \/>\nThe UTUIA is working to determine what changes in its constitution are required to make its products available to our new SMWIA brothers and sisters (the current constitution limits sales to transportation workers). The key to improving further the UTUIA\u2019s financial performance is growing sales volume, and inclusion of non-transportation workers represented by the SMWIA is essential.<br \/>\nAs the UTUIA\u2019s financial performance improves from inclusion of SMWIA\u2019s 150,000 members and increased sales, product offerings can be widened.<br \/>\nAs it has been for 135 years, the mission of the UTUIA, an insurance company owned by its trade-union members, remains the same. It is to promote the general welfare of its members; disseminate information about life, health and annuity products that provide for the security of its members and their families; provide uncompromising service quickly, efficiently and professionally; and engage in volunteer activities through its local units.<br \/>\nThe UTUIA recognizes its obligations to its members and shall constantly strive to live up to the ideals of the fraternal benefit system.<br \/>\nFor more information on the UTUIA and its products, including links to UTUIA field service representatives, click on the following link:<br \/>\n<a href=\"http:\/\/www.utuia.org\">www.utuia.org<\/a>.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>By UTU International President Mike Futhey \u2013\u00a0 Congratulations go to Art Rayner, the United Transportation Union Insurance Association\u2019s man of the year for 2011. Art was recognized for his sales and leadership performance \u2013 attributes that helped propel the UTUIA last year to one of its strongest financial performances. The competition Art faced from our [&hellip;]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":9,"featured_media":13851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[681,9,17,18],"tags":[1489,1214,79,142],"member_types":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SMART will boost UTUIA financial strength - SMART Union<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smart-union.org\/smart-will-boost-utuia-financial-strength\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMART will boost UTUIA financial strength - SMART Union\" \/>\n<meta property=\"og:description\" content=\"By UTU International President Mike Futhey \u2013\u00a0 Congratulations go to Art Rayner, the United Transportation Union Insurance Association\u2019s man of the year for 2011. Art was recognized for his sales and leadership performance \u2013 attributes that helped propel the UTUIA last year to one of its strongest financial performances. The competition Art faced from our [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smart-union.org\/smart-will-boost-utuia-financial-strength\/\" \/>\n<meta property=\"og:site_name\" content=\"SMART Union\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-16T16:45:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smart-union.org\/wp-content\/uploads\/2011\/10\/UTUIA_logo_1011.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"153\" \/>\n\t<meta property=\"og:image:height\" content=\"88\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"paul\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"paul\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smart-union.org\/smart-will-boost-utuia-financial-strength\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smart-union.org\/smart-will-boost-utuia-financial-strength\/\"},\"author\":{\"name\":\"paul\",\"@id\":\"https:\/\/www.smart-union.org\/#\/schema\/person\/3bf284ac953ca998cc3f03167a72c88f\"},\"headline\":\"SMART will boost UTUIA financial strength\",\"datePublished\":\"2012-02-16T16:45:02+00:00\",\"dateModified\":\"2012-02-16T16:45:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smart-union.org\/smart-will-boost-utuia-financial-strength\/\"},\"wordCount\":397,\"publisher\":{\"@id\":\"https:\/\/www.smart-union.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smart-union.org\/smart-will-boost-utuia-financial-strength\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smart-union.org\/wp-content\/uploads\/2011\/10\/UTUIA_logo_1011.jpg\",\"keywords\":[\"Art Rayner\",\"Mike Futhey\",\"SMART\",\"UTUIA\"],\"articleSection\":[\"Member Spotlight\",\"News\",\"TD Leadership Messages\",\"Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smart-union.org\/smart-will-boost-utuia-financial-strength\/\",\"url\":\"https:\/\/www.smart-union.org\/smart-will-boost-utuia-financial-strength\/\",\"name\":\"SMART will boost UTUIA financial strength - 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