Speciality Coins are available for members to purchase and the income goes to the political action committee.

The Kentucky Credit Union League Members political action committee, KYCUPAC, raises funds from individuals and uses its resources to support credit union friendly candidates who are running for federal and state office. Participation is voluntary and contributions are not tax-deductible.

What happens in the Kentucky General Assembly and in the United States Congress has a direct impact on credit unions, members and employees. KYCUPAC works very hard to develop relationships at both the State and Federal level. They have done an excellent job so far and their continued strength depends on our support. Banks raise and contribute a least ten times what credit unions do. PAC makes every dollar count, and they need our help.

In order to ensure that elected officials who enact legislation understand credit unions and that those who already do remain in position to act on our behalf, we must build a strong base of monetary support. Credit unions can’t give money in their own name to KYCUPAC. Credit unions can raise funds from volunteers, staff and credit union members. Individuals may contribute up to $5,000 per year to PAC. Contributions in excess of $100 must be made by check. Contributions are not deductible for either federal or state income tax purposes. If you wish to support the Credit Union Movement and make a contribution, please ask a Savings Officer to add your donation the Political Action Committee account at Service One.

Service One Credit Union employees have been very active in raising money for PAC for many years. Some of the ways we have raised funds:

Bake Sales, Car Washes, Tennis Shoe Tuesday and Western (Kentucky University) Wednesday, March Madness (Basketball Games), Various Raffles, Run for the Roses (KY Derby), Cookbooks, and Coin Sales.

From January 1 to December 31, 2007, SOCU employees and members have raised $1976.10 with employee contributions and coin sales. The cost of the coins are to be deducted from this amount.

Thanks to all of our wonderful members for helping with our fund raisers!

For 2008, we will continue the sale of the Quarters from each mint. If you have been searching for a speciality coin, please give Myra Dwyer a call at 270-796-8500, extension 3022.


You may visit these web sites to learn more about PAC:

http://www.kycul.org/kycupac.html

http://www.cuna.org/gov_affairs/index.html