Credit unions won't have to choose between two New York friends after all.
U.S. Rep. Carolyn B. Maloney (D-N.Y.), a longtime credit union supporter and the sponsor of the recent measure overhauling credit card rules, is expected to announce today that she has decided against challenging Sen. Kirsten Gillibrand (D-N.Y.) in next year's Democratic primary, according to media reports.
CUNA and the Credit Union Association of New York said they would have backed Gillibrand over their longtime friend Maloney because Gillibrand is the incumbent.
NAFCU hadn't made an announcement, but noted that Maloney had always been a strong supporter of credit unions.
CUNA's political action committee has contributed $52,500 to Maloney during her congressional career, making it her 11th largest donor, according to the Center for Responsive Politics. The PAC has already given Maloney's congressional campaign $10,000 for the current cycle. CUNA's political action committee gave Gillibrand $1,000 during both the 2006 and 2008 election cycles, when she was running for the U.S. House in an Albany-area district.
NAFCU's PAC has contributed $28,000 to Maloney since she was elected to Congress in 1992.
Maloney, the chairwoman of the Joint Economic Committee and the #4 Democrat on the House Financial Services Committee, had said she would challenge Gillibrand after N.Y. Gov. David Paterson named Gillibrand following Sen. Hillary Rodham Clinton's resignation to become secretary of state.
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