U.S. Representative Spencer Bachus (R-Ala.) defeated three primary challengers to hold on to his party's nomination for his seat. Bachus is chairman of the House Financial Services Committee and received support in his campaign from CUNA's Credit Union Legislative Action Council.
The sluggish economy caused CUNA and NAFCU PACs to raise less money, but they each had very different spending patterns during last year's campaigns.
Sen. Kay Bailey Hutchison (R-Texas), a member of the Senate Banking Committee, announced today that she won't seek re-election in November 2012.
Rep. Gabrielle Giffords (D-Ariz.), who remains in critical condition after an assassination attempt on Saturday, has been helped by credit union political action committees in all three of her difficult campaigns.
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.
CUNA's PAC had $270,933 in its coffers as of last week and NAFCU's PAC had $215,631, according to reports they filed this week with the Federal Election Commission.
The political action committees of CUNA and NAFCU won some and lost some in yesterday's primary elections.
After having dropped off for a month, CUNA's Credit Union Legislative Action Council is again on the list of top of the top 20 donors to federal candidates, according to data compiled by the Center for Responsive Politics.
In a year when many incumbent officeholders are about as popular as Yankee fans in Fenway Park, several key supporters of credit unions will be fighting for their political lives this year.
The campaign giving patterns of CUNA and NAFCU in February could be best described as the calm before the proverbial storm.