HARRISBURG, Pa. — The $2.75 billion Pennsylvania State Employees' Credit Union has begun taking steps to help members who have been adversely impacted by an ongoing budgetary impasse at the state level.
Governor Ed Rendell, a Democrat, has not been able to get a budget passed the legislature on time during his entire term, but this year with the Republicans controlling the Senate and the Democrats controlling the House by only one vote the yearly budget fight has resulted in workers being furloughed.
As of today almost 25,000 state employees have been furloughed until the budget fight is resolved. The House tried on Saturday to pass a stopgap budget measure that would have prevented the temporary lay-offs for 30 days, but that effort failed.
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In response PSECU, whose members are predominantly government employees, has offered to help members during the time of financial difficulty. Measures include waiving penalties for early withdrawal of certificates, returning fees levies for returned checks due to insufficient funds and advancing due dates on loans. If members need a loan to get through this time, the CU said it had those products in place to help as well.
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