Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Top among bipartisan PACs CUNA
WASHINGTON (10/28/10)--With Tuesday’s midterm elections looming, the Credit Union National Association (CUNA) leads the top 50 political interest groups as the single most bipartisan spender on independent expenditures (IEs), the Washington Post reported. Independent expenditures are campaign spending -- such as television or radio ads or direct mail -- that are spent by outside groups, independent of a given candidate or campaign. A total of 56% of CUNA’s independent expenditures (IE) went to Democratic candidates, with the remainder going to Republicans. The majority of the top 50 interest groups spent more than 89% of their total expenditures on candidates from one party. The Post report, which is based on Oct. 24 Federal Election Commission (FEC) filings, ranked CUNA 49th out of 212 organizations that made independent expenditures (IE) during this campaign cycle. CUNA ranked 5th among trade associations, trailing only the US Chamber of Commerce, the National Association of Realtors, the American Hospital Association, and the National Association of Manufacturers in total spending. CUNA had spent a total of $837,000 in funds as of Oct. 24. CUNA’s Credit Union Legislative Action Committee (CULAC) has backed Rep. Roy Blunt (R-Mo.), Sen. Harry Reid (D-Nev.), Cory Gardner (R-Colo.), Rep. Kurt Schrader (D-Ore.), and Rep. Stephanie Herseth Sandlin (D-Ala.) during this general election. CUNA also backed New Hampshire Senate candiate Ovide Lamontagne (R) in his unsuccessful bid for the Republican nomination. CUNA Vice President of Political Affairs Trey Hawkins said that “CUNA’s IE campaigns, like all of our political activities, aren't focused on helping candidates of one party of the other. First and foremost we look to help candidates that understand and support credit unions."


RSS print
News Now LiveWire
@TheNCUA open meeting is slated to start at 10 a.m. ET. Should be a quick one. #NewsNow http://t.co/rfYjnat7eI
23 minutes ago
Mass. CUs in unanimous vote joined RI and NH CUs in approving merger of the 3 state leagues 2 form the Cooperative Credit Union Association.
30 minutes ago
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
19 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
20 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
20 hours ago