Tom O’Shea Re-elected to CULAC Executive Committee

Aspire FCU President/CEO Tom O’Shea, recently named to his second term as New Jersey’s CULAC Trustee, has been re-elected to a second term as an At-Large member of CULAC’s Executive Committee.

CULAC, the Credit Union Legislative Action Council, is the CUNA-League System’s federal Political Action Committee, or PAC.

Contributions to CULAC have increased under O’Shea’s leadership. In 2018, New Jersey raised 79% of its fair-share goal, a 27% increase in total funds raised during his first year as the state’s trustee. 

The push in 2019 will be to establish payroll deduction programs in additional New Jersey credit unions. Currently Aspire FCU, Credit Union of New Jersey, Essex County Teachers FCU and XCEL FCU, as well as the NJCUL, have payroll deduction in place.

Payroll deduction is the lifeblood of CULAC enabling it to become one of the nation’s largest PACs with notably over 35,000 donors giving less than $78 per year, or $1.50 per paycheck.