CUNA Helps Replenish Party Coffers

WASHINGTON – CUNA focused its campaign finance activities on helping the two political parties to rebuild their campaign funds, depleted by the recently completed mid-term elections. CUNA made its annual $15,000 contribution, the maximum allowable, to the main campaign arms of both the Democratic and Republican parties, including the Democratic Congressional Campaign Committee, Democratic National Committee, Democratic Senatorial Campaign Committee, National Republican Congressional Committee, National Republican Senatorial Committee and Republican National Committee, as well as the Republican Governors Association, a total of $105,000. In a nod to one of the most important lawmakers, from a credit union perspective, CUNA also contributed the maximum allowable $10,000 to New York Democrat Charles Rangel, new chairman of the tax-writing House Ways and Means Committee, a longstanding supporter of the credit union tax exemption. CUNA also made contributions last month to several leadership PACs, which congressional leaders use to fund campaign activities for themselves and their colleagues. Contributions went to: CHC/BOLD PAC, the Committee for Hispanic Causes, a new leadership PAC ($5,000); the New Democratic Coalition PAC ($5,000); the Blue Dog PAC a committee for moderate Democrats ($5,000); the House Conservatives Fund ($5,000); and the New Republican Majority Fund ($5,000).