CUNA Outlays show how It Pays to be a CURIA Sponsor

WASHINGTON - CUNA reported last week it made contributions to 58 different House members last month, nine of whom would subsequently sign on as co-sponsor of CURIA, the CU Regulatory Improvements Act.

Among those receiving CUNA contributions were: Ed Royce, the California Republican who helped draft the bill ($2,500); Carolyn Maloney, the New York Democrat who is chair of the Financial Services Committee that will hear the bill ($2,500); Brad Sherman, the California Democrat who helped draft provisions of the bill ($2,500) and Steve Chabot, the Ohio Republican who was among the 12 original co-sponsors ($2,500).

CUNA has made a total of $35,500 in contributions so far this year to 17 of the bill's 53 co-sponsors.

House co-sponsors on the credit union bill grew to 57 last week. There is still no companion bill in the Senate.

CUNA also made contributions last month to several leadership PACs, including Growth and Prosperity PAC, run by Alabama's Spencer Bachus, the ranking Republican on Financial Services ($5,000); Prosperity PAC for Paul Ryan, the Wisconsin Republican ($5,000) and Victory Now PAC, for Maryland Democrat Chris Van Hollen ($5,000).

CUNA's PAC raised a total of $203,000 last month and spent $193,000, leaving it with $159,000 of cash on hand. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com