CUNA Moves On Following Cantor Loss
John Magill, CUNA executive vice president of government affairs, told CU Times CUNA’s Political Action Committee, CULAC, supported House Majority Leader Eric Cantor’s (R-Va.) re-election campaign.
“Eric has been and continues to be a friend to credit unions,” Magill said, noting that he participated in CUNA’s annual Governmental Affairs Conference multiple times.
“We had a great working relationship with him and his staff. He’s worked closely with the Virginia Credit Union League,” he added.
Cantor lost to economics professor Dave Brat, a tea party supported Republican candidate, in the primary race on Tuesday night by a 56% to 44% margin. Brat was reportedly shocked as the results came in on election night.
"The reason we won this campaign, there is just one reason, and that's because dollars do not vote — you do," Brat told his supporters on Tuesday night.
According to Magill, CULAC donated $6,000 to Cantor’s re-election committee for the 2014 midterms and $10,000 to his leadership PAC.
CULAC did not fund an independent expenditure.
“I don’t think most people in this town thought it was needed,” he responded.
“We’re prepared to pick up and move on regardless of the circumstances. While we hate to see him defeated, we all have to prepare for a new day for credit unions,” Magill added.
According to Magill, it is too early for CUNA to decide whether or not to support Dave Brat in the general election.
NAFCU was unavailable for comment on Cantor’s defeat.