Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
The Golden 1 honoring state IOUs
SACRAMENTO, Calif. (7/1/09)--The Golden 1 CU intends to accept California state-issued IOUs from its members in response to the budget standoff between Gov. Arnold Schwarzenegger and state lawmakers. Lawmakers were meeting earlier this week to develop a budget that deals with a $24 billion funding shortfall (Sacramento Business Journal June 29). The $6.971 billion asset, Sacramento-based credit union has created state budget loans with a 0% annual percentage rate to aid state employees affected by the budget standoff. California could start issuing IOUs or registered warrants for many payments this week, John Chiang, state controller, told the newspaper. The Golden 1 has a tradition of helping communities in need, and the credit union will be there for its members if they need help during the state’s budget crisis, Teresa Halleck, Golden 1 President/CEO, told the paper.
Other Resources

RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
1 hour ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
6 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
6 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
8 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
9 hours ago