When you’re a member of a credit union, you benefit from locally made decisions, an efficient and personal way to do business. To continue offering the services we do, and to further advance the credit union industry, the Credit Union Legislative Action Council (CULAC) ensures that credit union advocates’ political support has the biggest impact.
According to the CULAC website, “CULAC is CUNA's political action committee (PAC) – a vehicle through which credit union advocates can actively participate in advancing the future of the credit union industry. CULAC's purpose is to do the research and groundwork to provide you with the opportunity to contribute to the support of worthy candidates for federal office who believe, and have demonstrated their belief, in the principles of the credit union movement.”
CULAC is important to those of us at Bangor Federal and our members because it supports the credit union movement at the government level and continually works with legislature to protect what makes credit unions unique and special. The work CULAC does has a positive effect on our members and their financial well-being, so we’re happy to have CULAC to support us.
Members and employees of credit unions who have a signed permission agreement with their state league can donate to CULAC and help them fund political candidates that support the values and vision of credit unions.
CULAC has supported more than 390 candidates who favor credit unions and contributed over 3 million dollars directly to their campaigns. With a 97 percent win percentage, the work CULAC does truly benefit Maine's credit unions and credit unions all over the country. If you’re a Bangor Federal member and you’re interested in learning more about contributing to CULAC, visit the CULAC website.
From our humble beginnings in 1956 from a home on Grove Street, to becoming one of the premiere financial institutions in central and coastal Maine, Bangor Federal’s mission has always remained the same: to deliver the best financial experience to our members.