CU History
What was the name of the first Credit Union chartered in the United States?
a) Texas Federal Credit Union
b) Benny's Payday
c) Navy Federal Credit Union
d) St. Mary's Bank
e) Government Employees FCU
Chartered in 1908 originally called either "La Caisse Populaire, Ste Marie" or St. Mary's Bank.
Which 2 are the most successful fundraising programs for Credit Unions?
a) CEO dunking booths
b) Candy sales
c) Sustained Giving (payroll deduction)
d) Selling credit union merchandise
e) Pony rides at the zoo
While a CEO dunking booth may be fun, candy sales and sustained giving are the most successful programs to date.
What is advocacy?
Advocacy is simply making your voice heard regarding something you are passionate about!
What does TCCUL PAC stand for?
a) Texas Cornerstone Credit Union League People's Alliance Council
b) Texas Cornerstone Credit Union League Public Affairs Committee
c) Texas Cornerstone Credit Union League Political Action Committee
d) Texas Cornerstone Credit Union League Public Affair Council
e) Texas Cornerstone Credit Union League Performing Arts Council
Texas Cornerstone Credit Union League Political Action Committee
Besides contributing PAC money to candidate campaigns, Credit Union employees can do what to show support for candidates that support credit union issues.
Volunteer for campaigns
In what year was the 1st El Paso area credit union chartered that is still open today?
1932
Bonus - what is the name of that Credit Union?
TRUE/FALSE
Raffles are a permissible way to raise money for the PAC
FALSE – Raffles and games of chance are illegal for political fundraising in the state of Texas
What is the name of the Cornerstone League's premier Grassroots Program?
ROAR
Who is eligible to contribute to TCCUL PAC?
a) Anyone who walks in your front door
b) Credit Union employees
c) Family members of credit union employees
d) Credit Union employee and/or members who belong to an affiliated credit union
e) El Paso City Council members
Credit Union employees and/or members who belong to an affiliated credit union
Name at least three way an individual can volunteer in a candidate's campaign.
Block Walk
Phone Banking
Volunteer in campaign office
Distribute Signs
Work Polling Locations as a Poll Greeter
Name three threats to the Credit Union Movement.
Banks
Retail Groups
Excessive regulations
Change in Tax Status
Payday lenders
TRUE/FALSE
PAC rules state that we are only allowed to contribute to 1 political party per election year.
FALSE – TCCUL PAC is NOT partisan. We contribute to candidates/lawmakers in both parties
On a federal level, what is the most recent Call to Action campaign that CUNA and Cornerstone have been working on?
To support the Paycheck Protection Program Small Business Forgiveness Act – HR 7777 and companion senate bill S. 4117. The Paycheck Protection Program Small Business Forgiveness Act would provide forgiveness for PPP loans of $150,000 or less. All the borrower needs to do is submit an attestation form to the lender. The bill also ensures that the lender will be held harmless from any enforcement action if the borrower's attestation contained falsehoods.
TRUE/FALSE
A credit union can make a political contribution to TCCUL PAC on behalf of its employees.
FALSE – A credit union may NOT make a contribution to TCCUL PAC on behalf of its employees; however, a credit union MAY issue a check for funds received from employees
TRUE/FALSE
You can be paid by your employer when you volunteer for a campaign.
FALSE – It is against the Texas Ethics Commission to pay individuals for volunteering in campaigns
In 1934, this President signed the Federal Credit Union Act into law - passed in large part due to Texas Senator Morris Sheppard and Texas Congressmen Wright Patman.
President Franklin Delano Roosevelt
TRUE/FALSE
The majority of credit unions that sell candy always exceed their PAC goals.
TRUE
Texas credit unions issued over 9,300 Paycheck Protection Program loans to small businesses during the PPP lending period. What is the average loan size of these PPP loans? $400
a) $124,755.00
b) $91,200.00
c) $34,473.00
d) $275,500.00
c) $34,473.00 - which is substantially lower that the loan size average of all 5,458 lenders. That loan average is $103,729. The total number of loans approved nationally was 5,009,228.
Employers may offer which 2 incentives for participation in TCCUL PAC?
a) a day off with pay
b) hugs
c) dress down Friday's
d) Caribbean Cruise
e) lunch with the CEO
Dress down Friday’s and Lunch with the CEO
TRUE/FALSE
Volunteering for a campaign on behalf of credit unions means you must vote for that candidate.
FALSE
In 1844 the Credit Union movement began with a simple idea. What was it?
That people could achieve a better standard of living for themselves and others by pooling their savings and making loans to neighbors and co-workers.
TRUE/FALSE
Never discuss making a political contribution when meeting with a lawmaker about legislative issues.
TRUE – If this is discussed, it could be considered a bribe.
What does R.O.A.R stand for?
a) Ready, Organize, Activate, Respond
b) Read, Observe, Advocate, Represent
c) Research, Outline, Apply, Recommend
Ready
Organize
Activate
Respond
TRUE/FALSE
If your boss feels strongly about employee participation in the TCCUL PAC he/she may force you to make a contribution.
FALSE – Contributions to TCCUL PAC are strictly voluntary
TRUE/FALSE
Volunteers need to be available at a minimum of 2 hours a week to be effective for a campaign.
FALSE – Any time you can volunteer will be appreciated and helpful