According to OpenSecrets.org, the credit union industry's lobbying expenditures were $2.47 million during the first quarter of 2013. This is up 7 percent from the first quarter of 2012.
The Credit Union National Association spent $1.24 million, while the National Association of Federal Credit Unions reported $850,000 in lobbying expenses.
The credit union with the largest lobbying expense was Boeing Employees Credit Union with $210,000.
In fact, lobbying spending by the credit union industry, adjusted for the size of the industry, is more than double the amount the banking industry is spending. Credit unions spent $2.33 on lobbying per $1 million in industry assets versus $1.08 per $1 million in assets for the banking industry.
And for all that money spent greasing wheels, the CU industry got..........?
ReplyDeleteFour lobbyists for a trillion-dollar TBIF bank is still less expensive than one lobbyist for a 10 billion credit union on that basis.
ReplyDeleteHilarious if not so pathetic.
ReplyDeleteThat's like saying lung cancer is better than prostrate cancer.
Lobbyist=cancer.
If you are investing cu or bank capital on lobbyists, you are the poster child for groun hog day and insanity.
Lobbyists and lawmakers.
The scourge of productivity.
And. You haven't seen enough?
What is a better use of that money?
ANYTHING.
The credit union trade associations have sum of the best lobbyists that...MONEY CAN BUY. They get absolutely nothing accomplished for the credit union community but we feel good about paying the tribute to a bunch of political pandering prostituting parasites.
ReplyDeleteProbably why the smart ones have disassociated (or are about to).
ReplyDeleteTWO trade groups??
ReplyDelete