Cost of Membership

Union membership fees for Trading and Affiliate Members are based on the turnover, operating expenses or assets of the previous calendar year, whichever applies. The basis for calculation of the fee and the formula used to calculate membership fees are as shown in the tables below.

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Basis for calculation:

Trading Members:

Turn-over previous calendar year (annual sales volume net of all discounts and sales taxes) in EUR

For-profit Affiliate Members:

Turn-over previous calendar year (annual sales volume net of all discounts and sales taxes) in EUR

Not-for-profit Affiliate Members:

Annual operating expenditure previous calendar year in EUR

Financial Institutions

Total assets previous calendar year in EUR

Formulae:

Basis for calculation

Trading Members Annual fee

Financial Institution Affiliate Member Annual Fee

For-profit & Not-for-profit Affiliate Members Annual fee

< 700,000 EUR

0.0005 EUR x Annual
Turnover.
Minimum of 50 EUR
per year

0.0005 EUR x assets.
Minimum of 50
EUR per year.

0.0005 EUR x relevant
basis for calculation.
Minimum of
50 EUR per year.

700,000 EUR to 70,000,000 EUR

350 EUR for
700,000 EUR of
turnover + 70 EUR
for every extra
700,000 EUR turnover.

350 EUR for
700,000 EUR of assets
+ 35 EUR for
every extra 700,000
EUR assets.

350 EUR for
700,000 EUR of
relevant basis for
calculation + 35
EUR for every extra
700,000 EUR relevant
basis for calculation.
Maximum of
3,500 EUR per year.

> 70,000,000 EUR

8,000 EUR for
70,000,000 EUR of
turnover + 70 EUR
for every extra
17,500,000 EUR
turnover. Maximum
of 17,500 EUR per
year

350 EUR for
700,000 EUR of assets
+ 35 EUR for
every extra 700,000
EUR assets. Maximum
of 7,000 EUR
per year

3,500 EUR

Individual Members will be charged a flat fee of 50 EUR per year.

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