BIRMINGHAM, Ala./TALLAHASSEE, Fla.—The League of Southeastern Credit Unions and Affiliates in 2014 had a record-breaking year for its state and federal political action committees.
For the first time in five years both Alabama and Florida credit unions reached 100% of their state and federal PAC goals. Since 2011, both states have seen a steady increase in credit unions participating and the amount of money raised on the state and federal level.
2014 marked the second year in a row that credit unions in Alabama have reached more than 100% of their PAC goal, the league explained. The Alabama State ACULAC raised $64,173 (128% of the goal), while the Alabama FedPAC raised $58,099 (106% of the goal).
The Florida State CUPAC raised $289,877 (101% of the goal), while the Florida FedPAC raised $128,377 (102% of the goal).
“It’s imperative that credit unions have a robust PAC,” said LSCU President/CEO Patrick La Pine. “Not only does a strong PAC help promote a favorable environment for credit unions, it brings a source of creditability with lawmakers. The League and credit unions are becoming a go-to voice on legislation that effects financial institutions.”
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