Financial Services Industry
Industry: Email Alert RSS FeedCU PACs Poised To Play Key Role In Fall Political Races
Credit Union Journal, The, July, 2002 by Ed Roberts, Washington Bureau Chief
Credit unions have quietly accumulated almost $1 million in cash to be used to help influence this fall's pivotal congressional elections, when a single House or Senate race could determine control of either.
The vast majority of those funds, almost $750,000, have been saved by CUNA and its state leagues with an eye towards leveraging campaign contributions with the volunteer manpower of credit unions to help tilt a variety of key races one way or another. "As we get into the August (congressional) recess and into September all things turn political," said Richard Gose, political director for CUNA.
But this year, to a greater extent than ever before, CUNA's political resources are being supplemented by numerous other credit unions and related organizations that have...
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