Furthering the movement: CU advocates reminded about importance of CUPAC support

Credit union advocates are reminded of the importance of lending their support to CUPAC, the state Credit Union Political Action Committee, which, along with the New York Credit Union Association’s year-round advocacy efforts, helps ensure a positive political environment for New York credit unions.

State lawmakers are working expeditiously to ensure their priorities are brought to a vote in the final weeks of the New York legislative session. For credit unions, this means issues like municipal deposits, remote notarization, and the Excelsior Linked Deposit Program are all moving at a speed we haven’t seen in years. On the flip-side, a flurry of bills that could have a detrimental impact on the credit union movement are also on the move.

In a message to Association members Thursday, the CUPAC Board of Trustees stated that:

CUPAC works to support and defend the New York credit union movement by supporting candidates who believe in the credit union mission that run for state-level office. And we will be direct: CUPAC, the state Credit Union Political Action Committee, needs your support.

We have already raised $30,000 thanks to direct contributions from credit union leaders. Will you help us reach our goal of $50,000 by year-end?

Whether you work for a state-chartered or federally chartered credit union, it’s increasingly clear that New York’s policymaking bodies are taking actions that affect us all. Help us ensure the credit union movement is protected by supporting CUPAC today.

Contributions to CUPAC can be made by visiting the CUPAC donation page.

Contributions to CUPAC are not tax deductible. Rules for state political fundraising require us to record the name and address of anyone who donates, and if the donor contributes more than $99 per year, we are also required to disclose the donor’s name and address to the New York State Board of Elections. Corporate contributions from federal credit unions are prohibited. State chartered credit unions may make a corporate contribution up to $5,000 per calendar year.

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