Using 1970-71 data for 263 community colleges throughout the United States, the author conducted a study designed to examine the impact of unionization and collective bargaining on the compensation and workloads of community college faculty members. This paper discusses the methodology used and presents two mathematical models for determining the level of faculty compensation, and for determining faculty workload. Results indicate that unionization has raised total faculty compensation primarily by increasing the level of fringe benefits. Although salaries in unionized colleges were 14.6% higher than those in nonunionized institutions, much of the differential was due to factors other than unionization. On the other hand, fringe benefits in the unionized colleges exceeded those in nonunionized colleges by over 96%, and, other than unionization, only size of institution significantly affected the level of fringe benefits. While unionization did not have a significant effect on salaries, it did significantly reduce teaching load. These results suggest that in the initial years of bargaining the faculty have been willing to trade off potential salary gains for increased welfare and better working conditions. In the future, it is expected that these results will change as bargaining matures and certain concerns become less paramount. (Author/DC)