See the different you can make
Political Action Frequently Asked Questions

Q: Why do I need to consider making a PAC contribution?
A: With or without credit union involvement, there will be elections. Those elected will determine the fate of the credit union movement. Either we are involved in the process and shape the outcome, or we will let bankers and other interests do it for us.


Q: How does my PAC contribution affect my credit union?
A: Political action committee (PAC) contributions are an important tool in building legislative relations. Our elected officials are making decisions that will either enable your credit union to better serve your members --- or prevent you from doing so. In the face of the current economic crisis, there are ominous clouds on the legislative horizon in 2009, and credit unions must be at the top of the political game to …

-- Maintain an independent credit union regulator and a viable credit union charter
-- Fend off constraints dealing with bankruptcy reform, overdraft protection, and credit card interchange fees
-- Gain new powers to serve members, such as additional member business lending authority and supplemental capital
-- Retain credit unions’ federal income tax exemption


Q: Does my contribution to the PAC really make a difference?
A: Consider it an investment in your credit union’s future. Your PAC dollars support legislators who support credit unions and legislation affecting credit unions.


Q: How is my money spent?
A: Your contribution supports candidates who:
-- Show a commitment to understanding credit unions and the challenges facing them
-- Have a proven voting record and position on issues impacting credit unions
-- Have a committee assignment or leadership role


Q: Why can’t credit unions just stay out of the political arena?
A: Whether you like it or not, you are involved in politics. Government officials make decisions every day that could potentially affect the way credit unions do business.


Q: How much should I contribute?
A: Suggested PAC contribution levels:
$2/pay for employees
$100/year for volunteers
½ of 1% of salary for supervisors
1% of salary for CEOs

PAC leadership clubs:
$100 and over --- Prestige Club
$500 and over --- Congressional Club
$1,000 and over --- Presidential Club
$2,500 and over --- Ohio Club


Q: Can the credit union make this contribution for me?
A: No. Campaign finance law requires contributions to political action committees be personal and voluntary.  Corporate contributions can’t be accepted.