CUNA News Now: Pa. CUs to aid state employees in budget impasse

News Now LiveWire

Most CUs will provide wage increases for at least some of their employees, according to CUNA's just-released Small CU Staff Salary Survey. 11 hours ago

St. L Post Dispatch on GAO report:Consumers may not benefit from altering Interchange system;would cut card competition. http://ow.ly/ETyX 11 hours ago

CUNA's Hampel: Consumer holiday spending will be up slightly from last year. See Tues NN. 15 hours ago

NCCUL and WOCCU met with Romanian CUs this week. The CUs are experiencing growth and want to increase their public relations efforts. 3 days ago

Kent Buckham has been named by NCUA as director of the newly created Office of Consumer Protection. The 7-person dept. launches in Jan. 4 days ago

Sign up; more tweets...

HARRISBURG, Pa. (7/2/09)--Nine credit unions in Pennsylvania have announced plans to offer special low-interest loans and lines of credit to help members who are state employees cope with the potential loss of their paychecks.

Pennsylvania lawmakers were still negotiating a new budget when the state's fiscal year ended Tuesday. If legislators remain locked in a budget stalemate after July 17, paychecks would be withheld from 69,000 state employees, according to the Pennsylvania Credit Union Association (Life is a Highway July 1).

Speaking at a press conference, Gov. Ed Rendell and Secretary of Banking Steve Kaplan praised the leadership shown by Pennsylvania State Employees CU and highlighted the efforts of three additional credit unions: AmeriChoice FCU and Members 1st FCU, both based in Mechanicsburg, and Oil Country FCU, based in Titusville.

Other credit unions developing special programs include Altoona VA Hospital FCU, Altoona; Belco Community CU, Harrisburg; Grove City (Pa.) Area FCU; NE PA Community FCU, Stroudsburg; and Your Choice FCU, Altoona.

State employees are required to remain on the job even if the budget is still in limbo. They are then paid for their work retroactively after a budget is signed.

Pennsylvania has been unable to meet the annual July 1 budget deadline since 2002. This year, lawmakers have split over Rendell's proposal to help close a $3.2 billion deficit by increasing the personal income tax rate.



SEARCH Headlines Washington CU System Market Products & Services Consumer Print Today’s News Photo Gallery Videos Monthly Top 10 Archive Headlines via Email Enter your email address: text or HTML RSS Feed What is RSS? Contact News Now
	News Now LiveWire Most CUs will provide wage increases for at least some of their employees, according to CUNA's just-released Small CU Staff Salary Survey. 11 hours ago St. L Post Dispatch on GAO report:Consumers may not benefit from altering Interchange system;would cut card competition. http://ow.ly/ETyX 11 hours ago CUNA's Hampel: Consumer holiday spending will be up slightly from last year. See Tues NN. 15 hours ago NCCUL and WOCCU met with Romanian CUs this week. The CUs are experiencing growth and want to increase their public relations efforts. 3 days ago Kent Buckham has been named by NCUA as director of the newly created Office of Consumer Protection. The 7-person dept. launches in Jan. 4 days ago Sign up; more tweets... Pa. CUs to aid state employees in budget impasse HARRISBURG, Pa. (7/2/09)--Nine credit unions in Pennsylvania have announced plans to offer special low-interest loans and lines of credit to help members who are state employees cope with the potential loss of their paychecks. Pennsylvania lawmakers were still negotiating a new budget when the state's fiscal year ended Tuesday. If legislators remain locked in a budget stalemate after July 17, paychecks would be withheld from 69,000 state employees, according to the Pennsylvania Credit Union Association (Life is a Highway July 1). Speaking at a press conference, Gov. Ed Rendell and Secretary of Banking Steve Kaplan praised the leadership shown by Pennsylvania State Employees CU and highlighted the efforts of three additional credit unions: AmeriChoice FCU and Members 1st FCU, both based in Mechanicsburg, and Oil Country FCU, based in Titusville. Other credit unions developing special programs include Altoona VA Hospital FCU, Altoona; Belco Community CU, Harrisburg; Grove City (Pa.) Area FCU; NE PA Community FCU, Stroudsburg; and Your Choice FCU, Altoona. State employees are required to remain on the job even if the budget is still in limbo. They are then paid for their work retroactively after a budget is signed. Pennsylvania has been unable to meet the annual July 1 budget deadline since 2002. This year, lawmakers have split over Rendell's proposal to help close a $3.2 billion deficit by increasing the personal income tax rate. More CU/System
	Copyright © 2009 - Credit Union National Association, Inc.

More CU/System