Virginia Credit Union Political Action Committee (VACUPAC)
In today’s political environment, PACs play a critical role in the political process and are a necessary advocacy tool. Funds raised through VACUPAC are distributed to political candidates for the Virginia General Assembly or other statewide political offices who are supportive of credit unions. A portion of our funds are also used at the federal level.
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The Virginia Credit Union Political Action Committee (VACUPAC) is the state-level, non-profit, non-partisan political action committee of the Virginia Credit Union League and its affiliated credit unions.
Political action committees (PACs) are used by trade associations, membership organizations, corporations and others to solicit political contributions from those affiliated with the sponsoring organization or those with a shared interest in a given industry or cause.
In our case, funds raised through VACUPAC are distributed to political candidates for the Virginia General Assembly or other statewide political offices who are supportive of credit unions.
VACUPAC also works hand-in-hand with its federal counterpart, the Credit Union Legislative Action Council (CULAC) — the federal PAC of the Credit Union National Association (CUNA)— to contribute funds to members of the U.S. Senate, U.S. House of Representatives and various congressional leadership funds.
There are many ways to contribute to the only political action committee that represents credit unions on the state level.
Individuals
- Click here for a detailed overview of giving options for individuals, including a new option to contribute via card payment.
- Click here for a list of individual contributors for the most recent year.
- Click here for credit unions that reached various VACUPAC milestones for the most recent year
Credit Unions
- Corporate Support of VACUPAC: State-chartered credit unions can make a direct contribution to VACUPAC. Learn more
- Political Administrative Fund: This fund allows all credit unions (state and federal) to contribute funds to cover activities associated with advocacy. Learn more
- Fundraisers: Credit unions and chapters can raise funds for VACUPAC. Popular fundraisers include sales of candy and White House ornaments, as well as a casual dress fundraiser and golf tournaments. Learn more
Funds raised through VACUPAC are distributed to political candidates for the Virginia General Assembly or other statewide political offices who are supportive of credit unions.
VACUPAC also works hand-in-hand with its federal counterpart, the Credit Union Legislative Action Council (CULAC) — the federal PAC of the Credit Union National Association (CUNA) — to contribute funds to members of the U.S. Senate, U.S. House of Representatives and various congressional leadership funds.
In consultation with our external lobbying firm, your League develops a budget allocating VACUPAC funds to state candidates. We use a range of criteria that include whether a legislator sits on a key committee for credit union bills, has introduced bills on our behalf, or has quashed a bill that would harm credit unions. Similar guidelines are used on the federal level.
The non-profit Virginia Access Project keeps tabs on contributions from individuals and groups at its website http://www.vpap.org/. You can also request contribution or VACUPAC budget information from the League directly if you are a member credit union.
The VACUPAC Fundraising Toolkit makes it easy for VACUPAC Ambassadors to share the importance of contributing to the PAC with their colleagues. It also provides relevant forms to aid your credit union in setting up a formal contribution program.
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