- MEMBER ENGAGEMENT
Curious about what issues may impact credit unions? Looking to get involved? We’re here to help!
Political Action Committees (PACs)
State legislators make decisions every day that could potentially affect the way credit unions do business. Other financial institutions, with interests very different from credit unions, actively lobby, campaign and contribute to candidates favorable to their cause. For these reasons, LSCU credit unions need to do all they can to elect and support candidates for office that share the credit union vision in ensuring credit unions remain strong and vital. This is done through PACs!
What Is a PAC and Why Do Credit Unions Need Them?
A political action committee is used and administered by a corporation, trade association, membership organization or others to solicit and contribute money to candidates on issues of importance to their group. By pooling resources, LSCU members can maximize the collective impact of donations in support of those who promote favorable legislation to support and enhance the credit union industry. Credit Union PAC support drives advocacy victories!
The LSCU’s state and federal PACs support pro-credit union candidates, promote good government and support advocacy efforts for pro-credit union legislation. Show your support of credit union advocacy. Donate to the PACs!
LSCU Fed PAC – LSCU Fed PAC is a federally registered political action committee. LSCU Fed PAC makes contributions to federal candidates in Alabama, Florida and Georgia who are credit union champions. Only individual contributions are accepted.
By making a personal contribution to LSCU FedPAC, you will join the group of dedicated credit union advocates who are committed to the future of our industry. Wear your LSCU PAC lapel pin with pride to LSCU events, chapter dinners, and credit union functions to show your level of support and that you are a credit union advocate.
Chairman’s Club: $1,000.00+
President’s Club: $500.00 – $999.99
Capitol Club: $250.00 – $499.00
Congressional Club: $100.00 – $249.99
Ambassador Club: $50.00 – $99.99
Advocate’s Club: $25.00 – $49.99
CU Vote Defense Fund – In years past, credit unions have been subject to legislative and legal challenges to our membership, tax exemption, charter and operational authority. In response to these threats, CU Vote Defense Fund was established to provide education about specific credit union issues to the general public and to elected officials. Such funds will not be used for direct or indirect campaign contributions.
The PAC Fundraising Guide is a turnkey resource to assist credit unions with political action committee (PAC) fundraising. It includes helpful information to ensure the LSCU and credit unions comply with state and federal election laws. Each credit union is different and the fundraising guide will provide credit unions with options to find a program that is best for them.
PAC fundraising can seem complicated. The LSCU has many resources to help explain what PAC fundraising is, how to plan and why it’s important to credit unions. Save it on your computer or print it out for your staff. Contact John Rothell or Blake Westbrook for more information.
Contributions to the state or federal PACs are not tax deductible. Contributions are strictly voluntary and you have the right to refuse to contribute without reprisal. Contributions from individuals outside of the solicitable class will be returned. Federal election law requires us to report the name, address, occupation, and/or name of the employer for individuals who contribute $200 ore more in a calendar year.