Credit unions lose two strong Democratic supporters in Mid-Term elections.
Sen. Mark Udall loses in Colorado despite a $400,000 CUNA direct mail campaign.
Read how the midterms could affect credit union legislation and regulation.
CUNA and NAFCU's PACs supported more winners than losers in the midterm elections, yet CUs still lost some key allies.
Credit union stalwart Rep. Paul Kanjorski (D-Pa.) saw his 26-year congressional career end, yet Senate Majority Leader Harry Reid (D-Nev.) survived yesterday's election which gave the Republicans large gains in both chambers.
The Republicans will gain 55 seats in the House - recapturing the majority and bring down several key credit union supporters, according to an analysis released today by political scientist Larry Sabato.
CUNA's political action committee made more than $100,000 worth of independent expenditures this week, bringing its total since September to $837,328, according to reports filed with the Federal Election Commission.