- MEMBER ENGAGEMENT
Curious about what issues may impact credit unions? Looking to get involved? We’re here to help!
What is a PAC?
Political Action Committees, also called PACs, are used by organizations such as LSCU for the purpose of raising and spending money to help elect candidates who are supportive of their industry. LSCU’s state and federal PACs’ sole mission is to support candidates for public office that are pro-credit union. 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!
Why do credit unions need PACs?
State and federal lawmakers make decisions every day that could potentially affect credit unions. Other financial institutions, with interests very different from credit unions, actively lobby, campaign and contribute to candidates favorable to their cause. To ensure our industry remains strong and vital, credit unions must actively support and elect candidates for public office that share the credit union vision. This is done through LSCU PACs!
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 Murphy Kennedy 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 or more in a calendar year.