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CU System
CU Offers Lawmakers Loans In Illinois Budget Stalemate
RANTOUL, Ill. (7/30/13)--Credit Union 1, Rantoul, Ill., is offering to state lawmakers emergency loans until the state's budget stalemate is resolved. 
 
Gov. Pat Quinn has vetoed lawmakers' salaries until the General Assembly passes a pension overhaul plan (WNIJ July 29). That means they won't get their monthly pay check starting next week.
 
Although serving in the General Assembly is technically a part-time occupation, for some lawmakers it is their sole source of income.
 
Credit Union 1, with $729 million in assets, has membership open to any employee of the state of Illinois, including legislators.
 
Lawmakers can get a 60-day loan worth half their salary at 0% interest, the credit union said.
 
The credit union has offered similar programs for state employees during previous budget disputes.
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