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 DonnellyEx-Sen. Joe Donnelly endorses Biden Lobbying world 70 former senators propose bipartisan caucus for incumbents MORE (Ind.) and GOP House chairmen Reps. Pete SessionsPeter Anderson SessionsThe Hill's Campaign Report: New polls show Biden leading by landslide margins The Hill's Morning Report - Presented by Argentum - In Rose Garden, Trump launches anti-Biden screed Pete Sessions wins GOP runoff in comeback bid MORE (Texas) and Steve ChabotSteven (Steve) Joseph ChabotHouse Republicans introduce legislation to give states 0 million for elections Bottom line The Hill's Coronavirus Report: GoDaddy CEO Aman Bhutani says DC policymakers need to do more to support ventures and 'solo-preneurs'; Federal unemployment benefits expire as coronavirus deal-making deadlocks 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.

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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 TrumpNew Bob Woodward book will include details of 25 personal letters between Trump and Kim Jong Un On The Money: Pelosi, Mnuchin talk but make no progress on ending stalemate | Trump grabs 'third rail' of politics with payroll tax pause | Trump uses racist tropes to pitch fair housing repeal to 'suburban housewife' Biden commemorates anniversary of Charlottesville 'Unite the Right' rally: 'We are in a battle for the soul of our nation' 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 McCaskillDemocratic-linked group runs ads in Kansas GOP Senate primary Trump mocked for low attendance at rally Missouri county issues travel advisory for Lake of the Ozarks after Memorial Day parties MORE (Mo.) and Joe ManchinJoseph (Joe) ManchinHillicon Valley: Facebook removes Trump post | TikTok gets competitor | Lawmakers raise grid safety concerns OVERNIGHT ENERGY: Court cancels shutdown of Dakota Access Pipeline | US could avoid 4.5M early deaths by fighting climate change, study finds | Officials warn of increasing cyber threats to critical infrastructure during pandemic Officials warn of increasing cyber threats to critical infrastructure during pandemic MORE (W.Va.), and GOP Reps. Bruce PoliquinBruce Lee PoliquinDale Crafts wins Maine GOP primary to face Rep. Jared Golden House Democrats make initial ad buys in battleground states The 5 most vulnerable senators in 2020 MORE (Maine) and Ted BuddTheodore (Ted) Paul BuddHouse Dems introduce bill to require masks on planes and in airports Bipartisan bill introduced to require TSA to take temperature checks How to combat substance abuse during COVID-19 MORE (N.C.).