Raising money for League PAC is crucial to the success of our member credit unions and their members. PAC stands for Political Action Committee. PACs are organized for the purpose of raising and spending money to elect and defeat candidates. Most PACs represent business, labor or ideological interests. The California and Nevada Credit Union Leagues have registered Political Action Committees. They raise contributions from credit union leaders and members, and contribute to candidates at the local, state and national level who support credit unions.
PACs have a tremendous impact on influencing the legislative body. It allows individuals and credit unions to pool their money to make a larger impact on those elected officials than what they could have done on their own. The California and Nevada Credit Union Leagues offer programs designed to help raise money for its PAC and are a great way for credit unions to receive credit toward their chapter goal. For complete information on PAC, or for Chapter PAC Goals, please contact Angelica Pappalardo.
The Advocacy Awards are presented each year during the PAC Reception at REACH, the League’s annual meeting and convention. Winners are individuals and credit unions or organizations that display extraordinary leadership in advocacy and political action. For a list of PAC award winners, please contact Angelica Pappalardo. For a list of guidelines for collecting PAC contributions, please email Angelica Pappalardo.
Federal political involvement is such a sensitive issue that the Federal Election Commission (FEC) long ago established a requirement that institutions “opt-in” to political action before being presented with actual information related to the Federal PAC. Signing the permission agreement doesn’t obligate you to participate; it only allows us to send information about our activities related to the Federal PAC. There are currently no laws restricting the State PAC or fundraisers for candidates this is only for information regarding the CA/NV Federal PAC.