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December 12, 2007
Dear Credit Union Supporter:
Our records indicate that as of January 1, 2008 we will not have a current Permission Statement on file for your credit union. As such, your credit union cannot participate in Michigan Credit Union League Legislative Action Fund (MCULLAF-federal PAC) fundraising activities such as 50/50 Chapter Raffles, Coins of America, candy bar sales, etc. Federal law requires specific authorization from your credit union before MCULLAF can solicit contributions from individuals associated with your credit union. Simply completing the enclosed form and mailing the entire sheet to the MCUL can provide that authorization. By law we are required to obtain separate permission statements for each year. We are requesting that you sign all five statements (for the years 2008–2012) on the sheet attached. Please note authorization can only be given to one trade association-affiliated, federal political action committee per calendar year.
I want to emphasize that the authority you are granting to MCULLAF does not authorize the solicitation of your members. MCULLAF will not mail materials to your credit union’s members. If your credit union’s management decides to make the information available, it is understood that the credit union will control any distribution to be sure the material is given to those who are:
1. Shareholders in the credit union and their immediate families.
2. Executive and administrative personnel of the credit union and their immediate families.
No one needs to be reminded of the importance of protecting the credit union tax exemption as well as advancing the interests of credit unions both in Washington, D.C. and Lansing. Please help us get on with that essential work by sending us your completed Permission Statement today. If you have any questions, feel free to contact Government Affairs Assistant Kathryn Hall at 800/262-6285, ext. 470 or klh@mcul.org. Thank you for your cooperation.
Sincerely,
Howard Spencer, Chairperson
MCULLAF Board of Trustees
MCULLAF Board of Trustees:
Howard Spencer Northland Area Federal Credit Union (BC)
Lisa Gray Dow Chemical Employees Credit Union (MM)
Jim Shereda ARC Credit Union (ME)
Lon Bone T & C Federal Credit Union (OC)
John Crist CP Federal Credit Union (JA)
Terry Pierce Security Federal Credit Union (FL)
Jim Kirk University of Michigan Credit Union (HV)
Andy List Option 1 Credit Union (GR)
Don Yuvan Eaton County Educational Credit Union (LN)
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Regulatory Affairs
