Our phone and e-mail are swamped this morning with state workers clamoring for the latest state workplace news. If you missed yesterday's developments, you can read our story in today's Bee about the ongoing furlough fight by clicking here.
Other than that, there's nothing new to tell you this morning about furloughs or contract talks. But there's always this afternoon ...
Meanwhile, several credit unions are now offering lines of credit to their customers "impacted by the state's historic cash crunch," according to a statement from Controller John Chiang. This press release has a list of the institutions and the dollar amounts that they have committed.
We noticed that The Golden 1 isn't on the list. SCO spokesman Jacob Roper said that the state worker-centric credit union is onboard, but didn't commit a dollar amount so it wasn't put on the list. We've called Golden 1 to confirm. We'll update this post as soon as we hear back.
We also asked Roper if the credit lines were set aside for individuals or businesses. He response: "This is for any of their customers. It could be vendors, state workers or taxpayers" impacted by the state's delayed payments.
UPDATE at 12:50 p.m.: We just got off the phone with Golden 1 President and CEO Terry Halleck. She said that the controller's office approached the credit union about what it was willing to do for members hurt by the budget delay and specifically wanted a dollar amount committed. In her view, the request was asking for a cap on available funds. She wasn't comfortable with setting a limit.
"We'll do as much as we need to do to help our members," Halleck told The State Worker. "We'll do every loan that makes sense for our members and our organization. We're in the business of making loans."
The Author
About Comments
Reader comments on Sacbee.com are the opinions of the writer, not The Sacramento Bee. If you see an objectionable comment, click the "report abuse" button below it. We will delete comments containing inappropriate links, obscenities, hate speech, and personal attacks. Flagrant or repeat violators will be banned. See more about comments here.