WASHINGTON (1/12/15)--The Credit Union Legislative Action Council (CULAC) finished the 2013-2014 election cycle with a record $4.43 million in receipts--13% ahead of 2011-2012's total of $3.9 million.
The gross receipts of $2.28 million in 2014 means CULAC is starting the 2015-2016 election cycle with more than $464,000 available.
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.
Nearly $6 million was spent this election cycle by CUNA and CULAC, including more than $3 million in direct contributions in 396 races. The result, according to CUNA President/CEO Jim Nussle, is a "credit-union friendly majority" in both houses of the 114th Congress.
Last week, CULAC's executive committee confirmed all 27 nominees for vacant seats, filling the complement of the 58-member board of trustees.
Next up is the election of six at-large representatives to the executive committee for 2015. Nominations will be open this week.