The Pennsylvania State Employees Credit Union is doing its part this month to help out state employees who face losing paychecks as the state grapples with a July 1 budget deadline.
Recognizing the "impasse" over state funding, PSECU said it has established a new 0% loan program for up to 60 days "after the governor signs the new budget into law." After 60 days, the loan will begin accruing interest at 3.9% APR until paid in full.
All PSECU members participating in the loan program will have the option of borrowing up to $1,000 per pay period, said the CU.
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