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.
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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.
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- 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.