CUNA said its political action committee, CULAC, filed notice with the FEC of a $300,000 independent expenditure on behalf of Sen. Mitch McConnell (R-Ky.) in his re-election campaign, the trade group told CU Times Sept. 18.

McConnell is locked in a tight race against Kentucky Secretary of State Alison Lundergan Grimes (D-Ky.). If the current minority leader wins his midterm bid, and Republicans win a majority of Senate seats, McConnell would presumably become majority leader, setting the Senate's agenda.

CULAC has already donated $10,000 to McConnell's campaign as well as $10,000 to his leadership PAC, according to Trey Hawkins, CUNA vice president of political affairs.

NAFCU's PAC contributed $7,500 to McConnell, NAFCU Vice President of Political Affairs Katie Marisic, said.

CUNA said it plans to spend approximately $274,000 on television advertisements for McConnell and $25,000 in radio ads.

A CUNA spokesperson told CU Times the association had not yet planned independent expenditures for additional candidates.

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