CUNA Continues To Pour Funds Into Various PACs
With contributions to groups like PHIL PAC, Mill to the Hill PAC and Citizens for Action, CUNA continued its unprecedented efforts last month to cultivate congressional leaders through their so-called leadership PACs. By collecting campaign funding through leadership PACs, congressional leaders such as Phil English (R-PA), Juanita Millender-McDonald (D-CA), and Paul Kanjorski (D-PA) will be able to turn around and use their credit union-donated funds to help support allied candidates.
CUNA contributions last month included donations to: Citizens for Action, Kanjorski's new leadership PAC ($5,000); PHIL PAC, English's PAC ($2,500); Mill to the Hill PAC, for Millender-McDonald ($1,000); Searchlight Leadership Fund, for Senate Minority Leader Harry Reid of Nevada ($1,000); ERIC PAC, for Eric Cantor, R-Va. ($2,500); and AMERIPAC, for House Minority Whip Steny Hoyer of Maryland ($1,000).
CUNA has contributed almost $100,000 to leadership PACs in 2005, the first year of the two-year election cycle.
The contributions will allow the credit union association to make double its donations to congressional leaders; first by making the maximum allowable $10,000 contribution to the lawmaker's campaign committee, then by making a similar $10,000 contribution to their separate leadership PAC.
The biggest campaign contributions last month went to: Reps. William Jefferson (D-LA), $5,000; Jim McCrery (R-LA), $5,000; Jeff Flake (R-AZ), $5,000; John Conyers (D-MI), $5,000; Peter Hoesktra (R-MI), $4,000; and Randy Kuhl (R-NY), $4,000.
CUNA also contributed $2,000 to Republican Rep. Jeb Hensarling of Texas, who has asked the GAO to study NCUA's approvals of credit union conversions to banks; $1,000 to credit union champion Steve LaTourette (R-OH); $2,500 to credit union ally Marcy Kaptur (D-OH), and $1,000 to Rep. Rahm Emanuel of Illinois, chairman of the Democratic Congressional Campaign Committee.
Through the first year of the two-year election cycle CUNA has raised $1.1 million for its PAC and made $1.3 million in contributions. The excess in contributions was funded by cash left over after the last election cycle. The leading credit union PAC has $380,000 in cash on hand as the important second year of the election cycle begins.