Trade PACs Gear Up for the Election
If money really does talk, then CUNA and NAFCU have been doing the financial equivalent of vocal exercises.
The political action committees of both groups each ended last year with six-figure amounts in their coffers, as they gear up for an election year that features a large number of competitive races in the House and Senate.
It raised $212,985 last year and made $193,401 in contributions to federal candidates and committees.
During December, both PACs gave money to the reelection campaign of Senate Banking Committee Chairman Tim Johnson (D-S.D.), even though he doesn’t have to face the voters until 2014. CULAC contributed $2,500 and NAFCU’s PAC gave $1,000.