CUNA Replenishes Party Coffers

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WASHINGTON – CUNA, as it does at the beginning of every year, sent $90,000 in checks to conduits of both political parties – its semi-annual political tithe.

CUNA’s PAC last month contributed $15,000 each to the Republican National Committee, the National Republican Congressional Committee, National Republican Senatorial Committee, the Democratic Congressional Campaign Committee, Democratic Senatorial Campaign Committee, as well as $5,000 each to leadership PACs for the Republican Mainstream Partnership, House Conservatives Fund and the Tuesday Group PAC.

CUNA contributes the maximum allowable $15,000 to each of the major Republican and Democratic campaign committees, a total of $180,000 each election cycle.

CUNA also made several strategic contributions, including its first contribution, a $1,000 check, to Lou Bartella, a Pennsylvania Republican who beat longtime credit union champion Paul Kanjorksi last fall; Scott Garrett, a New Jersey Republican who is chairing Kanjorksi’s old Financial Services Subcommittee on Government Sponsored Enterprises ($1,000); Paul Ryan, a Wisconsin Republican who now chairs the House Budget Committee ($1,000); and two freshman Republican House members, Jim Renacci of Ohio and Quico Canseco of Texas ($1,000 each). Both Renacci and Canseco spoke at last week’s hearing in favor of a CUNA-backed-delay on implementation of the Federal Reserve’s debit interchange rule.

CUNA’s PAC raised $64,000 and spent $125,000 last month, leaving it with $260,000 in cash at the end of the month.


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