Breaking NewsCUTimes.com will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – NAFCU’s political action committee made hefty donations to the two lead sponsors of the Credit Union Regulatory Improvements Act (H.R. 2317) in the first half of the year. Both Congressmen Ed Royce (R-Calif.) and Paul Kanjorski (D-Pa.) received $10,000 contributions from NAFCU/PAC. During the first half of 2005, NAFCU brought in more than $80,000, but that figure is expected to be much higher with two big PAC money-makers-the recently completed Annual Conference and Congressional Caucus-in the second half of the year. July’s Annual Conference brought in $43,000 to the PAC. Other top recipients from NAFC/PAC were Speaker of the House Dennis Hastert (R-Ill.) at $5,000, House Financial Institutions and Consumer Credit Subcommittee Chairman Spencer Bachus at $4,000, House Judiciary Chairman Jim Sensenbrenner (R-Wis.) at $3,500, and House Financial Services Committee Member Brad Sherman (D-Calif.). Receiving $2,000 contributions were Senators Rick Santorum (R-Pa.), John Sununu (R-N.H.) and Mike Crapo (R-Idaho), as well as House Financial Services Committee Ranking Member Barney Frank (D-Mass.) and committee members Peter King (R-N.Y.), and Carolyn McCarthy (D-N.Y.). NAFCU/PAC also made a $15,000 contribution to the National Republican Congressional Committee for a dinner, which was chaired by Bachus, it held in March. The Democratic dinner was the same evening, but NAFCU does plan to attend a different one. In all, the PAC made $144,725 in contributions through June 31, 2005 and had $105,240 remaining in its coffers at that time.

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

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.