Leadership PACs Help CUNA SpreadPolitical Largesse

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WASHINGTON - (08/23/04) -- CUNA said it continued to build itcampaign warchest last month, raising $180,000 in campaign fundsand ending the month with an all-time high of $630,000 of cash onhand for its political action committee. CUNA's PAC, known asCULAC, continued to reach out to so-called leadership PACs, makinganother $12,000 in contributions to the committees used bycongressional leaders to boost friendly candidates. Last month'scontributions make a total of $150,000 donated to leadership PACsduring the current elections. Contributions went to PETE PAC (Sen.Pete Domenici), $5,000; AmeriPac (Rep. Steny Hoyer) $2,500); MikeR. Fund, $1,000; Vision for Tomorrow Fund, $1,000; and Majority inCongress PAC, $1,000. Leadership PACs allow interest groups likeCUNA to contribute the maximum $10,000 to an individual candidate,then again to his/her leadership PAC, which may then be used toprop up other candidates.

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