Credit union group to spend $1.8 million for vulnerable Dem, GOP incumbents

Credit union group to spend $1.8 million for vulnerable Dem, GOP incumbents
© Greg Nash

The political arm of the largest U.S. credit union trade group is spending $1.8 million on ads supporting a bipartisan group of House and Senate incumbents facing close races in the November midterm elections.

The Credit Union National Association’s (CUNA) political action committee has purchased digital, radio and mail ads backing vulnerable Democratic Sens. Jon Tester (Mont.) and Joe DonnellyJoseph (Joe) Simon DonnellyTrump nominees meet fiercest opposition from Warren, Sanders, Gillibrand GOP frets over nightmare scenario for Senate primaries McConnell's Democratic challenger McGrath backtracks on Kavanaugh comments MORE (Ind.) and GOP House chairmen Reps. Pete SessionsPeter Anderson SessionsHillicon Valley — Presented by CTIA and America's wireless industry — Lawmaker sees political payback in fight over 'deepfakes' measure | Tech giants to testify at hearing on 'censorship' claims | Google pulls the plug on AI council Lawmaker alleges political payback in failed 'deepfakes' measure As Russia collusion fades, Ukrainian plot to help Clinton emerges MORE (Texas) and Steve ChabotSteven (Steve) Joseph ChabotHouse passes annual intelligence bill House passes bills to boost small business cybersecurity Juan Williams: GOP in a panic over Mueller MORE (Ohio).

All four have played crucial roles advancing legislation favored by credit unions, but are defending their seats in hostile political conditions in November.

“The common thread through all of these are incumbents that have been strong champions for credit unions on the issues and need the help,” said Trey Hawkins, vice president of political affairs for CUNA.

ADVERTISEMENT

CUNA’s Credit Union Legislative Action Council (CULAC) will spend $525,000 on digital ads and direct mail supporting Donnelly and $250,000 on radio ads backing Tester, co-authors of a major regulatory rollback for credit unions.

Hawkins said the regulatory rollback was just one of several reasons the group is backing Tester and Donnelly, who are both members of the Senate Banking Committee. He also cited their support for protecting the credit unions’ exemption from corporate income tax.

“It’s part of the equation, but it’s certainly not the only one,” Hawkins said of Tester and Donnelly’s support for Dodd-Frank rollbacks. “They were champions for credit unions on issues we were concerned about, and they have their backs against the wall.”

Tester and Donnelly and are running for reelection in states that overwhelmingly back President TrumpDonald John Trump5 things to know about Boris Johnson Conservatives erupt in outrage against budget deal Trump says Omar will help him win Minnesota MORE and are among the most vulnerable Senate Democrats. The CULAC ads don’t mention the senators' support for looser financial rules, but tout their efforts to protect seniors and health care for veterans.

The ads also aim to distance the moderate duo from national Democrats by touting Donnelly’s “[fight] for Hoosier values” and praising Tester for being “as Montana as Montana gets.”

On the House side, CULAC is backing two top GOP chairmen who face tight races in November. The group will spend a combined $200,000 on TV, radio and digital ads for Sessions and Chabot touting their support for tax cuts and IRS oversight, along with a website supporting Sessions's reelection.

Sessions leads the powerful House Rules Committee, while Chabot chairs the Small Business Committee.

CULAC will also spend $76,000 on direct mail supporting Rep. Tom O’Halleran (D-Ariz.), who’s trailing his Republican opponent in recent polling.

CULAC is also supporting several other endangered incumbents through communications from its member credit unions, including Democratic Sens. Claire McCaskillClaire Conner McCaskillTrump nominees meet fiercest opposition from Warren, Sanders, Gillibrand Feds allow campaigns to accept discounted cybersecurity services GOP frets over nightmare scenario for Senate primaries MORE (Mo.) and Joe ManchinJoseph (Joe) ManchinPoll: McConnell is most unpopular senator Dems open to killing filibuster in next Congress Trump nominees meet fiercest opposition from Warren, Sanders, Gillibrand MORE (W.Va.), and GOP Reps. Bruce PoliquinBruce Lee PoliquinMaking the case for ranked-choice voting The 31 Trump districts that will determine the next House majority Maine governor certifies Dem's win in disputed House race, but calls it 'stolen election' MORE (Maine) and Ted BuddTheodore (Ted) Paul BuddConservatives ask Barr to lay out Trump's rationale for census question 58 GOP lawmakers vote against disaster aid bill Blockchain could spark renaissance economy MORE (N.C.).