Altura Credit Union is doing its part for furloughed University of California Riverside employees.
As state colleges and universities have asked employees to take unpaid days during the school year, the Riverside, California-based credit union has unveiled a creative solution- the UCR Furlough Loan Program.
The new loan program is designed to allow UCR staffers to borrow their pay reduction difference from a line of credit each pay period up to $10,000. According to the $908 million credit union, most UCR employees are facing some 10-26 days without pay.
For more details, Altura CU has also created a special UCR Furlough page on its Web site www.alturacu.com/ucrfurlough.
