New CU Super PAC Puzzles

WASHINGTON – Experienced credit union fundraisers were scratching their heads last week at the advent of a new Super PAC – a political action committee that is allowed to independently raise and spend unlimited amounts of money on political campaigns – in the name of credit unions.

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The registration of the “NCUA Chartered Federal Credit Unions Super PAC” appears to be for reasons other than in support of credit unions, as it has been founded by a political gadfly in Florida named Josue Larose. Larose has registered 60 Super PACs with names such as the Walmart Stores Customers Super PAC and the Bank of America Super PAC. He has run unsuccessful write-in campaigns for governor and a state senate position – without winning a single vote.

Larose, who has attracted the moniker “Super PAC-man,” did not return phone calls made to the contact number on the registration statement filed with the Federal Election Commission.

Political insiders in Tallahassee suggest that Larose is engaging in a practice similar to cyber-sitting, in which individuals obtain rights to a popular web domain so they may sell it later on.

To date, the NCUA Chartered Federal Credit Unions Super PAC has reported raising no money and making no expenditures.

Larose also has registered Super PACs in the names of: U.S. Senator Charles Schumer; the United States Department of Transportation Employees; United States Insurance Companies; Bloomingdale’s Department Store Customers; NFL Sport Players; United Nations Diplomats; Yale University Graduates; IRS Employees; and, Costco Store Customers.

The 30-year-old from Deerfield Beach, Fla., does not appear to have raised or spent a single dollar for his federal political committees, at least in the past three years.

In the past three years, Larose has formed more than 340 Florida PACs – including Billionaire Josue Larose’s Dating Women Committee – and 41 new Florida political parties, one of which, the American Bourgeoisie Political Party, was supposed to buy party leaders limousines. More than 300 of the PACs and all the political parties either have been revoked or voluntarily dissolved, according to the Florida Division of Elections.

 


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