news.cuna.org/articles/118655-credit-union-friendly-117th-congress-elected
Elections

Credit union majority elected to 117th Congress

November 4, 2020

Update: Nov. 4, 9:30 p.m. (ET): Nine of the CUNA-League priority candidates have won: Sens. Susan Collins (R-Maine), Steve Daines (R-Mont.), Gary Peters (D-Mich.) and Tina Smith (D-Minn.); as well as Reps. Don Bacon (R-Neb.), Steve Chabot (R-Ohio), Rodney Davis (R-Ill.), Jared Golden (D-Maine) and Andy Kim (D-N.J.).

Update: Nov. 4, 9:30 a.m. (ET) - In over 400 races, more than 40 of which were open seats, credit unions have seen a 90% success rate with more than 330 victories (more than 30 in open seats) among races called as of Wednesday morning.

The CUNA-League system helped to elect a credit union majority in the 117th Congress, despite a number of races not being called as of midnight (ET) Wednesday. CUNA.org/elections will be updated with results of all 406 races involving credit union-backed candidates starting Wednesday afternoon and will be updated until all races are called.

“Credit unions made their voices heard during an extremely important election and now we’ve got our work cut out for us in the next Congress as we work to ensure credit unions remain a vital part of the economic recovery,” said CUNA President/CEO Jim Nussle. “We congratulate the members of the next Congress, and CUNA and Leagues will be engaging with them soon."

In over 400 races, more than 40 of which were open seats, credit unions have seen a 90% success rate with more than 330 victories (more than 30 in open seats) among races called as of Wednesday morning. CUNA, and its federal PAC the Credit Union Legislative Action Council, spent $7 million this cycle in support of candidates on both sides of the aisle, including $3 million spent on political advertising to support eleven credit union champions in especially tight races.

As of Wednesday morning, CUNA and Leagues had seen victories in  of those eleven priority races. CUNA will be hosting a free webinar for members Thursday, Nov. 5 at 2:30 p.m. (ET), featuring Nussle, Chief Advocacy Officer Ryan Donovan, Chief Political Officer Richard Gose and Deputy Chief Advocacy Officer for Political Action Trey Hawkins.

The group will discuss the latest results, what they mean for credit unions, how the results will shape advocacy efforts and why lawmakers are interested in CUNA’s work in diversity, equity and inclusion.