Within two weeks of Rep. Sander Levin's (D-Mich.), ascension to the chairmanship of the House Ways and Committee last month, the political action committees of CUNA and NAFCU each donated $1,000 to his campaign.
Levin, who succeeded embattled Chairman Charles Rangel who is being investigated for financial irregularities, oversees the panel that has jurisdiction over whether credit unions keep their tax exempt status. He is a long-time friend of credit unions and had received $3,500 from CUNA's PAC earlier in the campaign cycle and received $1,000 from NAFCU's PAC in the 2008 cycle.
The contributions to Levin, who is not expected to have a difficult re-election race in November, was one of two overlaps in the donations of the two PACs last month, according to reports released this week by the Federal Election Commission. Sen. Charles Grassley (R-Iowa), the top Republican of the Senate Finance Committee, that chamber's counterpart to the Ways and Means Committee, received $2,500 from CUNA's PAC (bringing the total to $4,000 this cycle) and $1,500 from NAFCU's PAC.
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