WASHINGTON (7/8/14)--The Credit Union Legislative Action Council (CULAC) has raised more $3.25 million for the 2013-14 election cycle as of June 30 according to its Federal Election Commission filing to come later this month.
CULAC is the federal political action committee for the Credit Union National Association, with a mission to support credit union-friendly candidates running for federal office.
So far almost $2.5 million has gone directly to candidates, split almost evenly between parties, with 50.01% on contributions going to Democratic candidates, 49.85% to Republican candidates and 0.14% to independent candidates.
"If current trends continue, CULAC will again set another fundraising record this year," said Trey Hawkins, CUNA vice president of political affairs.
CULAC was listed by Politico as one of the top giving PACs this election cycle (News Now June 25).
According to its Articles of Association, CULAC's purpose is to ""provide the opportunity for individuals interested in the future of the credit union movement to contribute to the support of worthy candidates for federal office who believe, and have demonstrated their belief, in the principles to which the industry is dedicated."