CULAF/CULAC Payroll Deduction

Following are the documents and instructions you will need to start CULAC Payroll Deduction at your credit union. If you have any questions, please contact Mark Minickiello, VP Legislative Affairs at 206.340.4812 or mminickiello@nwcua.org.

Steps

1. The credit union completes the Credit Union Authorization and Information Sheet designating a contact at the credit union who will handle payroll deduction and outlining payroll schedule and other relevant information. (Please execute and forward the original to Sarah Waters at CUNA, 601 Pennsylvania Avenue, NW, South Building, Suite 600, Washington, DC 20004-2601 or fax to 202.638.7751.)

• Download the Payroll Deduction Authorization & Information Form for Credit Unions

2. A participating credit union may then solicit only its employees who are also members of the credit union, using a payroll deduction solicitation with appropriate federal legal disclaimers. (Please use the attached CUNA form. This form is filled out by each employee participating in the program and kept on file at the credit union.)

• Download Example 1 of Employee Deduction Authorization Form (includes recognition levels)
• Download Example 2 of Employee Deduction Authorization Form

3. The credit union may pay for all costs associated with soliciting and maintaining payroll deduction for its employees.

4. The credit union’s designated payroll deduction contact should ensure that within one or two business days of deducting CULAC contributions from employees’ payroll that they email a standardized spreadsheet (attached) listing the required Federal Election Commission (FEC) information (name, address, occupation and name of employer, and contribution amount and date of each individual employee contribution).

• Download the Contribution Disclosure Spreadsheet
• Download the instructions for emailing CUNA information related to CULAC

5. At the same time as the standardized spreadsheet is sent, the credit union’s designated payroll deduction contact should ensure CULAC contributions from employees’ payroll are transmitted to CULAC by either a wire transfer or ACH. (Please use the attached ACH transmittal instructions if using ACH. The wire transfer instructions are included on the standardized spreadsheet.)

• Download the ACH transmittal instructions

6. The League or CUNA will be responsible for filing all necessary reports with the FEC.