Legislative Update with Jay Kruse
by Jay Kruse
Chief Advocacy Officer
11/18/2020

Good Morning!

With Halloween and the election behind us, I hope everyone is having a great week and month of November as the holiday season is slowly creeping up. Both the Senate and House are back in session this week in Washington, with the Senate grilling top social media executives about their content moderation practices involving the 2020 election on Tuesday. On Thursday (tomorrow) the House Financial Service Subcommittee will be holding a hearing: “Insuring against a Pandemic: Challenges and Solutions for Policyholders and Insurers.”

As votes continue to be counted in multiple states, the country awaits the results and watches a daily back and forth between President Trump and the Biden team. However, here in the Dakotas, all votes have been counted and the results are in! The CUNA-League system’s willingness to engage in political action is one of the hallmarks of our successful 360-degree approach to credit union advocacy.

Through our federal PAC, the Credit Union Legislative Action Council (CULAC), our system invested more than $7 million into the 2020 elections. As of last week, 379 credit union-supported candidates from across the country have won election to the 117th Congress, which equates to an impressive 96% success rate. This includes our U.S. Senator Mike Rounds (R-SD) as well as Congressmen Dusty Johnson (R-SD) and Kelly Armstrong (R-ND). You find a full list of the CULAC results from across the country at cuna.org/elections.

We experienced similar results here in the Dakotas with our respective state PACs, SD CUPAC and ND CUPAC. SD CUPAC invested roughly $16,600 into the state election, supporting 55 Senate and House candidates running for office across the state. In total, 51 of the 55 candidates won their races, resulting in a 93% success rate. North of the border, ND CUPAC saw a similarly high success rate, with 47 of 57 supported candidates for an 82% success rate across the state.

CUPAC/CULAC supported candidates are not chosen by their party or partisan affiliation, instead candidates are chosen based on their support of or belief of credit unions and/or credit union principles and mission of “People Helping People” over the profit-driven model of financial services.

Have a great week, stay well, and don’t hesitate to contact me with any questions.

 

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