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...
CUNA, NAFCU spread donations across parties, chambers.
Wait till next year. That’s the motto of fans whose teams have a disappointing season, and it’s also sums up the political strategies of CUNA and NAFCU.
During the first five months of 2011, CUNA’s political action committee received $502,266 in contributions toward its efforts to influence the outcome of political campaigns, and NAFCU’s fundraising efforts netted $53,669, according to reports filed with the Federal Election Commission.
Trades report contributions to congressional lobbying efforts.
CUNA’s PAC raised $93,774 in April and NAFCU’s raised $14,250, according to forms filed with the Federal Election Commission.
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.
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.
In politics, the party that controls Congress usually gets the lion's share of the campaign money.
The political action committees of CUNA and NAFCU won some and lost some in yesterday's primary elections.