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Vermont Credit Union Political
Action Committee (CUPAC) is a state-level political
fundraising entity for Vermont credit unions. Individual donations
can be made to CUPAC, the funds of which are used to make campaign
contributions to candidates for state-level office who are
supportive of credit union interests.
The combination of Vermont's campaign finance
law and federal laws place certain limits on contributions made to
Vermont CUPAC:
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Any individual may contribute up to
$2,000 to CUPAC in any one election cycle (this does not preclude
separate contributions directly to candidates).
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State credit unions may make
corporate contributions to CUPAC not to exceed $2,000 per election
cycle, but contributions over $100 are subject to a 35% federal
tax reported on IRS Form 1120 POL
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Federal credit unions may not
contribute to any campaign or political action committee.
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All credit unions may provide
financial support for the administration of CUPAC without any tax.
Administrative support can be used to cover expenses for a
fundraiser, pay for printed materials, etc. Such funds never go to
support any candidate.
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CUPAC funds are separate from the
Association of Vermont Credit Unions and stringent reporting requirements to the
Vermont Secretary of State are followed.
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Making a Contribution
Eligible contributions to Vermont CUPAC are
accepted any time and will be recorded in our Honor Roll according
to the source of the funds . Send a check payable to Vermont CUPAC to:
Vermont CUPAC, c/o Association of Vermont Credit Unions
1000
Shelburne Road, Suite 1, So. Burlington, VT 05403-6960

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