WASHINGTON-The bulk of the largest political contributions from the Credit Union Legislative Action Council of CUNA went to Republicans during the month of May, still very early in the 2003-2004-election cycle. Representative Marsha Blackburn (R-Tenn.), a House Judiciary Committee member; House Financial Services Committee member Ed Royce (R-Calif.), father of the bill to exclude member business loans to faith-based organizations from credit unions' 12.25% cap; House Financial Institutions and Consumer Credit Subcommittee Chairman Spencer Bachus (R-Ala.); Zach Wamp (R-Tenn.); and Texas special election winner Randy Neugebauer (R-Texas) each received $5,000 in campaign contributions from CULAC last month. CULAC also made $5,000 contributions to three Republican leadership political action committees for House Financial Services Committee Chairman Mike Oxley (Ohio), House Majority Leader Tom DeLay (Texas), and the National Republican Congressional Committee chairman, Congressman Tom Reynolds (N.Y.). On the other side of the aisle, Senator Chris Dodd (D-Conn.), Representative Barbara Lee (D-Calif.) of the Financial Services Committee, and House Financial Services Committee Ranking Member Barney Frank (D-Mass.) also received $5,000 from CULAC in May. Other large contributions went to freshman Financial Services Committee member Ginny Brown-Waite (R-Fla.) ($2,000); Ric Keller (R-Fla.) ($2,000) of the Judiciary Committee; regulatory relief legislation sponsor Shelley Moore Capito (R-W.V.) ($2,500); and freshman Small Business Committee member Jim Gerlach (R-Pa.) ($2,500). [email protected]

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.