Even as signs pointed to a stop-gap resolution of Pennsylvania's budget crisis late last week, credit unions across the state continued to extend millions in loan relief to hard-pressed, strapped state employees missing paychecks.
For one, the $3.4 billion Pennsylvania State Employees CU in Harrisburg said it had already lent $12.5 million in no-interest loans to 12,500 eligible members at midweek under the CU's $1,000 PA Budget Impasse product.
There were at least 24 other CUs in the state, including those with large numbers of state employees, also offering 0% interest loans, skip-a-payments or other products to help out employees struggling with reduced or no paychecks over the last two weeks.
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