NAFCU Triples CampaignContributions
ARLINGTON, Va. - (10/21/0) -- After stagnating a few years afterthe campaign for HR 1151, NAFCU has grown its political actioncommittee to once again become the second largest among creditunions. NAFCU's PAC, which had fallen behind several PACs run bystate credit union leagues in the past two election cycles, is onpace to more than triple its campaign contributions this electionfrom the $129,000 it made in the 2001-2002 election cycle. The PACmade a total of $321,000 in contributions through Oct. 9 and had$125,000 of cash available going into the final weeks of theelections. This elections the PAC has also made contributions forthe first time to candidates for open seats and to leadership PACsoperated by top congressional leaders. So far, NAFCU hascontributed the maximum $10,000 per election cycle to threecandidates, Reps. Paul Kanjorski, D-Pa., and Steve LaTourette,R-Ohio, the two champions of HR 1151, and Spencer Bachus, R-Ala.,the chairman of the House Financial Services Subcommittee onFinancial Institutions.