Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON-Congressional contributions from the Credit Union Legislative Action Council are leaning more toward Republicans this election cycle. According to PoliticalMoneyLine Web site (tray.com), CULAC has given $641,095 to Republican candidates and $485,417 to Democrats in the 2003-2004 election cycle. It should be noted that CULAC, the political arm of CUNA, tends to support incumbents and right now the Republicans control the House and Senate. CULAC’s report to the Federal Election Commission for the month of April bears this out. The top recipients of CULAC funds in April included Senator Judd Gregg (R-N.H.) who received $2,000, and Congressmen Chris Cannon (R-Utah; $5,000) and Dan Burton (R-Ind.; $3,000). Representatives Barney Frank (D-Mass.) and James Walsh (R-N.Y.) each received $2,500 from CULAC, as did Allyson Schwartz (D-Pa.), who is running for the seat vacated by Congressman James Hoeffel III (D-Pa.) who is taking on Senator Arlen Specter (R-Pa.). Congressman Chris Chocola (R-Ind.) was given $2,100 by CULAC, while Representatives Thomas Tancredo (R-Colo.), Baron Hill (D-Ind.), and Brad Sherman (D-Calif.) received contributions of $2,000 in April. “Congressman Barney Frank has been a great friend of credit unions and been very supportive, as has Congressman Brad Sherman.” CUNA Political Director Karen Kincer explained. “A lot of these people have been very supportive in various ways, either here in Washington or back in their districts with the [credit union] CEOs.” Comparing CULAC’s contributions to each of the parties, you can see its political muscle among credit unions when it is taken into consideration that the entire credit union community has contributed $595,927 to Democratic candidates and $775,738 to Republicans, according to tray.com. Among all political action committees, the Web site listed CULAC as 32nd in receipts; as of April 30, it had collected $1.2 million. CULAC ranked even higher at number 26 for funds disbursed, having doled out $1.9 million. [email protected]

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.