North Carolina Local 312 officer bonds.
From $100.
Every officer, agent, shop steward, or employee of Carpenters Local Union 312 who handles the Local's funds or property must be individually bonded against fraud or dishonesty under federal law, 29 U.S.C. § 502. The Local's financial officers calculate the amount each fiscal year. The premium is 4% of the bond amount, $100 minimum.
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How much does a North Carolina Local 312 officer bond cost?
4% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for the standard LMRDA officer bond — enter your amount, consent to a soft pull, and keep the executed bond on file for Local 312. Here is the whole thing:
Apply online
Your details, the office or position you hold at Local 312, the bond amount the Local's financial officers calculated, and the effective date — plus a one-time credit consent that authorizes a soft pull only.
Approved
Most applicants clear quickly; the soft pull informs approval and never affects your score. Pricing is 4% of the bond amount, $100 minimum. Larger amounts may get a brief review.
File with Local 312
Your executed bond and power of attorney arrive by email, ready to keep on file for Local 312 and, on request, for DOL/OLMS review. Wet-ink original mailed on request.
What it is and who needs it.
What the Local 312 officer bond actually guarantees
The Labor-Management Reporting and Disclosure Act (LMRDA), 29 U.S.C. § 502, requires every officer, agent, shop steward, or other representative or employee of a labor organization — or a trust in which one is interested — who handles its funds or property to be individually bonded against loss from fraud or dishonesty, unless the organization's property and annual receipts do not exceed $5,000. Corporate sureties writing these bonds must hold U.S. Treasury Circular 570 authority, and the U.S. Department of Labor's Office of Labor-Management Standards (OLMS) administers and enforces the requirement.
It's a three-party arrangement, but the obligee here is the Local itself: United Brotherhood of Carpenters and Joiners of America Local Union 312, based in North Carolina, as the protected party; you, the officer or employee who handles funds, as the principal; and the surety carrier. If a bonded person commits a fraudulent or dishonest act that causes the Local a financial loss, the Local can claim against the bond up to its face amount.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond amount is not a single fixed figure: it must be set at the start of each fiscal year at not less than 10% of the funds you and any predecessor in the role handled during the preceding fiscal year, capped at $500,000 (with a $1,000 floor for a role with no preceding year of activity). Enter the amount Local 312's financial officers calculated for your position; we price it at 4% of that amount, with a $100 minimum, after a soft credit pull that never affects your score.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with Local 312. Your executed bond and power of attorney arrive by email, ready to keep on file for Local 312 and, on request, for DOL/OLMS review. Wet-ink original mailed on request.
What sets the price
The premium is 4% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, then quick underwriting.
These are the actual underwriting fields, including a one-time credit consent that authorizes a soft pull only — never a hard inquiry, and it never affects your score. Enter the amount Local 312 calculated and your price appears at application.
Start the application →Common questions.
Other North Carolina bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Officer bond, sized to your exposure.
Premiums run 4% of the bond amount, $100 minimum, after a soft pull that never affects your score. Enter the amount Local 312 calculated. Free until issued.