WASHINGTON (1/13/14)--CULAC, the Credit Union National Association's federal political action committee had a record-setting fundraising year in 2013, which followed a banner-flying 2012. 2013's fundraising total of $2.14 million represents CULAC's best non-election year ever.
"This represents nearly an increase of more than 5% over 2012 gross receipts. While it wasn't our best year overall for gross, given that in recent years we have reduced our overhead to effectively zero, 2013 also represents the most raised net of fundraising costs in the history of CULAC," CUNA Vice President of Political Affairs Trey Hawkins said.
A total of $1.5 million was disbursed to candidates and committees in 2013, with 51% of those funds going to Democrats and 49% going to Republicans.
CULAC also saw a 10% increase in new payroll deduction credit unions in 2013. The total number of credit unions participating is now 512.
These results show credit union supporters nationwide continue to strongly support their credit union candidates, Trey Hawkins said.
CULAC finished 2013 strong, with supported candidate Corey Booker (D-N.J.) winning his Senate special election seat. CUNA's PAC starts 2014 on solid footing, with more than $922,000 in cash available.