Your contribution is more than a financial donation — it is a vital investment in the future. Individuals, state-chartered credit unions, and chapters may contribute to CUPAC. While federally chartered credit unions are prohibited by law from making contributions to political action committees, their employees, volunteers and members face no such restriction. Fundraising programs include:
|Individual Annual Membership||$150|
|Annual Spousal Membership||$200|
|Individual Annual Membership||$40|
The annual corporate contribution program begins July 1 of each year. Giving levels are as follows:
|CUPAC Donor||up to $749|
|Corporate Sponsor||$750 – $1,499|
|Capitol Club||$1,500 – $2,499|
|Capitol Gold Club||$2,500 – $4,999|
|Capitol Platinum Club||$5,000 – $9,999|
|Capitol Titanium Club||$10,000 – $14,999|
|Capitol Diamond Club||$15,000 – $21,600|
Honor Roll Program
Credit unions and chapters achieve Honor Roll Status when all members of the board and president enroll as members of CUPAC. The memberships may be any combination of Advocates and Associates, as long as there is at least one Advocate
Member Program: Deduct-a-buck
This program focuses on raising funds directly from members by requesting contributions either in newsletters or statement stuffers and requesting permission to access their accounts directly for the agreed-upon amount.
Employees and volunteers may use payroll deduction to automatically pay Advocate memberships. The credit union sends one check payable to CUPAC for all participants.
Chapter Competition & Disbursements
Each year, chapter presidents receive a pledge form requesting them to pledge an amount they reasonably expect the chapter to raise for CUPAC during the year. Chapters will not be responsible for pledge amounts not raised. The top three fundraising chapters will be honored each year at the Chapter Leaders Conference. Additionally, Chapter Chairman receive a “Chapter Disbursements to CUPAC” form. A return of this form allows CUPAC to use funds raised at chapter fundraising events for donation to legislative candidates. Our goal is to have 100% returned. We ask that you help us reach that goal. These forms are requested each year.
NOTE: Personal checks suggested. Credit union contributions to CUPAC that exceed $100 in aggregate during the year will be subject to a federal income tax at the rate of 35% due by March 15 of the following year. Contributions subject to taxation include the net proceeds to CUPAC from golf outing fees paid by the credit union, cash prize donations paid by the credit union and corporate campaign contributions.
Federally chartered credit unions are prohibited by law from making any contributions to a political action committee. Individuals face no tax restrictions.
Contributions to CUPAC are not deductible as charitable contributions for federal income tax purposes. A copy of our report filed with the State Board of Elections is (or will be) available on the Board’s official website (www.elections.il.gov) or for purchase from the State Board of Elections in Springfield, Illinois.
Contributions are strictly voluntary and will be used for political purposes. You have the right to refuse to contribute without reprisal. The above amounts are suggested giving levels. More or less may be contributed. Contributor will not be favored or disadvantaged by reason of the amount contributed or decision not to contribute. A portion or this entire donation may be forwarded to CULAC, the federal political action committee of the Credit Union National Association.