Trades Continue to Gear Up for Election
CUNA’s PAC raised $93,774 in April and NAFCU’s raised $14,250, according to forms filed with the Federal Election Commission.
CUNA’s Credit Union Legislative Action Council gave $101,394 to federal candidates and committees in April and $403,071 during the first four months of 2011. It had $354,129 in its coffers at the end of April.
NAFCU’s National Association of Federal Credit Unions Political Action Committee gave $9,081 to federal candidates and committees in April and $66,444 in the first four months of 2011. It had $218,108 in its coffers at the end of April.
Last month, both PACs gave money to Rep. Ed Royce (R-Calif.), the sponsor of legislation to raise the cap on member business loans, $1,000.
Among the recipients of CULAC’s donations were: Senate Majority Leader Harry Reid (D-Nev.), $2,500 for his 2016 re-election campaign; Though Reid opposes delaying the implementation of the Federal Reserve’s rule on interchange fees, he has said he will allow a vote on it; Sen. Bob Corker (R-Tenn.), $2,000. He’s a member of the Banking Committee and is a sponsor of legislation to delay the implementation of the Federal Reserve’s interchange rule; and House Judiciary Committee Chairman Lamar Smith (R-Texas), $2,500.
Among the recipients of the National Association of Federal Credit Unions Political Action Committee’s donations were: Sen. Kay Hagen (D-N.C.), $1,000. She’s a member of the Senate Banking Committee and could have a difficult re-election race next year; Rep. Randy Neugebauer (R-Texas), chairman of the House Financial Services Committee’s Subcommittee on Oversight, $1,000; and Rep. Brad Sherman (D-Calif.), $1,000, a strong supporter of credit unions on the House Financial Services Committee. He could face a difficult re-election race next year because of redistricting.