While 11 Oklahoma state agencies have put in place furlough plans for their employees, Oklahoma Employees Credit Union is bracing for even more salary cuts among its members this year.
"There is a significant budget shortfall," said Brian Gebard, vice president of marketing at the $314 million cooperative. "The biggest overhead is personnel, so we anticipate furloughs will grow over the year."
The salary adjustments were part of the reason Oklahoma Employees CU launched a new Web site (www.helpingok.com) for state employees who have been affected by furloughs. The site contains furlough news and updates from Oklahoma's state agencies, financial tools, a frequently asked questions section, a blog and other resources. OECU President/CEO Mark Kelly said the idea for the site came about after the CU did some research and found that such a resource did not exist.
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