Search
 

Pa. Credit Unions Step Up Aid to Employees

The campaign by Pennsylvania credit unions to provide loan relief to financially strapped state employees was ramped up last week as lawmakers and the state's governor, Edward Rendell, wrangled over solutions to a budget crisis producing payless Fridays.

By Jim Rubenstein | Updated on July 28, 2009

The campaign by Pennsylvania credit unions to provide loan relief to financially strapped state employees was ramped up last week as lawmakers and the state’s governor, Edward Rendell, wrangled over solutions to a budget crisis producing payless Fridays.

By the latest count, 25 CUs had established special programs to help state workers via low- or no-interest loans, skip-a-payments or other means, according to the Pennsylvania Credit Union Association.Disbursement of funds began in earnest by the CUs when the state’s largest CU, the $3.4 billion Pennsylvania State Employees CU of Harrisburg, made advances of more than $3.1 million to more than 3,500 members.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Dig Deeper

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.