There are three sources of funds for our State PAC:
- Corporate contributions from state chartered banks or non-bank affiliates of nationally chartered banks;
- Contributions from other PACs;
- Personal contributions from employees of member banks.
Participation in the SCBA State PAC is not limited to bank executives. All employees who recognize the importance of the legislative process in maintaining a competitive and fairly regulated banking industry are encouraged to participate with personal contributions.
There are several ways for employees to participate:
- Credit Card – The employee may revisit scbankers.org/bankpac to make an online contribution to the SCBA PAC.
- Check – Please make your check payable to the SCBA State PAC.
- State Chartered Institutions – State Chartered Institutions may make corporate contributions directly into the SCBA State PAC.
- Federally Chartered Institutions – Federally chartered institutions and their bank holding companies are legally prohibited from making direct corporate contributions into the SCBA State PAC. Federally chartered institutions with in-house PACs may make PAC to PAC contributions to the SCBA State PAC. Contributions may also be made by non-bank affiliates such as insurance companies.
- Reporting Requirements – Contributions to the SCBA State PAC may be subject to state reporting requirements.