It’s that time of year again where you will see that our CULAC candy is restocked in our branches. Each candy bar is $2 and all funds are donated to CULAC.
What is CULAC? The Credit Union Legislative Action Council (CULAC) promotes the support of pro-credit union candidates to the U.S. Congress and the Louisiana Legislature through political action committee contributions and grassroots efforts at the state level.
The uniqueness of credit unions as not-for-profit cooperatives must be preserved and safeguarded. Through the efforts of CULAC and credit union grassroots, credit unions are able to mobilize quickly to fight important political battles, such as the passage of the Credit Union Membership Access Act of 1998.
The strong member support credit unions enjoy brings with it an opportunity to protect our industry from threats by the for-profit banking industry and over regulation.
Reference: Louisiana Credit Union League