The Credit Union Legislative Action Council (CULAC), CUNA’s political action committee (PAC), broke all previous fundraising records during the 2015-16 cycle, raising $5.092 million. The total, which broke the $5 million mark for the first time, is a 15% increase from the 2013-14 election cycle.
“We spent more than $4.9 million on the election, and it was a tremendous success with 97% of the more than 364 candidates we supported being elected to the new Congress,” said Trey Hawkins, CUNA’s vice president of political affairs. “It’s a gratifying and exciting achievement to celebrate, and it’s one that would not have been possible without the strong support of our CUNA and league partners, the thousands of credit unions and tens of thousands of credit union employees that helped us raise funds.”
CULAC makes direct contributions and independent expenditures to pro-credit union candidates with the goal of ensuring a pro-credit union Congress is elected.
The sixth-largest trade association PAC, CULAC giving is split almost exactly 50/50 between Democrats and Republicans, making it one of the most bipartisan PACs in the country.
More details on CULAC fundraising in 2016 will be released later this month when CULAC files its Federal Election Commission report.