WASHINGTON-In July, the Credit Union Legislative Action Council of CUNA has risen quickly through the ranks to consistently ranking among the nation’s largest trade association political action committees, if not one of the largest PACs overall. Right now, CULAC is ranked about third for contributions to federal candidates, according to CUNA Senior Vice President of Political Affairs Richard Gose, but he cautioned that it is very early in the election cycle and some choose to provide greater contributions later on. In July, $125,000 in contributions were made to CULAC and the PAC put out $113,000 to federal candidates. CULAC crossed the $1 million mark for the year-to-date. The largest contributions for July went to Florida State Senator Les Miller (D), who will make a run for Congressman Jim Davis’ seat who is running for governor, at $5,000 and Michigan Democrat Bart Stupak ($5,000). Another $5,000 went to Ohio State Representative Jean Schmidt (R), who recently won a special election to Congressman Rob Portman’s (R) seat who was appointed the U.S. Trade Representative by President Bush. Senator Mike Crapo’s (R-Idaho) Freedom Fund also received $5,000, while Republican leadership PAC AmeriPAC garnered $2,500. Other large contributions went to Congressman Dave Camp (R-Mich; $3,250); Dale Kildee (D-Mich.; $2,500); Lane Evans (D-Ill.; $2,500); and Phil Gingrey (R-Ga.; $2,200). -email@example.com
A correction of this unintended consequence of the 2017 tax cut bill is included the Secure Act, up for a vote this week.
“These are credit unions. We’re not sending people to Mars here.”
A new industry standard to lengthen BINs from six digits to eight digits, is set to begin in April 2022.
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