Credit Union Advocacy
Deduct-A-Buck
Advocacy is important in the credit union world. Together we will move with purpose, passion, and strength so credit unions can effectively serve their members and communities nationwide.
Have you heard the old saying “A dollar doesn’t buy much anymore”? While a dollar may not buy much, it can go a long way in preserving your credit union’s future. By pulling together with as little as a dollar every quarter, credit unions and their members can help in the struggle to preserve credit unions unique place in the financial services community.
The Deduct-A-Buck program, a voluntary fundraising initiative adopted by credit unions across the United States, supports political action committees (PACs) that advocate for credit union interests at the federal level. It gives millions of credit union members a voice in the political process. Based on the simple concept that if we all give a little it will add up to a lot, Deduct-A-Buck is a grassroots movement to support pro-credit union candidates to the U.S. Congress and Senate. This high profile brings with it opportunities and the task to maintain the momentum to protect credit unions. The reality is, to maintain an important voice, we must support those who have and will support us.
Together, we will continue to fight for the credit unions.
Deduct-A-Buck Program Q&A
It is a program adopted nationally by the Credit Union National Association (CUNA) and it political action committee (PAC), the Credit Union Legislative Action Council (CULAC), to involve credit union members in the political process.
Otero Federal Credit Union members are asked to consider a voluntary contribution of $1 or more per quarter from their share or share draft account for CULAC.
CULAC is responsible for making wise investments (Political Contributions) with credit union members’ donations that help elect and re-elect pro credit union candidates to Congress, and it ensures those contributions are in compliance with Federal Election Commission (FEC) regulations.
Political involvement will be key to the future of credit unions as the current legislative and judicial issues facing credit unions are recognized to be long term and ongoing challenges. The CULAC Deduct-A-Buck program, like credit unions, is based on the grassroots concept of people working together at the local level.
Complete the automatic account deduction form located on the back of this sheet and return it to OFCU. The form will be processed and the specified deduction will be automatically withdrawn from the member-specified account on the 25th day of every third month (March, June, September, & December). The contributions will be handled confidentially.
Deductions can be cancelled at any time by notifying the credit union in writing.
Federal Advocacy
Credit unions’ unique ownership structure allows them to better serve their communities. If credit unions lose their not-for-profit status, the impact would be felt across America.
Credit unions are a small but vital financial option for consumers. Learn how credit unions’ not-for-profit status helps provide needed, lower-cost financial products to those who need it most.
America’s Credit Unions is the collective voice of the credit union movement. They help protect the federal tax status that allows credit unions to provide critical financial benefits to the communities they serve nationwide.
Politicians want to tax credit unions, which means a new tax on every member who uses our credit union along with 140 million plus some Americans.
Tell Congress: A tax on my credit union is a tax on me. https://www.donttaxmycreditunion.org/
You can do this ANYTIME & ANYWHERE