The State Worker

Chronicling civil-service life for California state workers

July 3, 2010
Two credit unions announce loans for state workers, if needed

checkbook2.gifThe Golden 1 Credit Union, which counts about 100,000 state workers among its members, on Friday said that it will offer "State Budget Payroll loans" to members with checking and direct deposit if their pay is withheld to zero or the federal minimum because of California's budget impasse.

Click here to read the Sacramento-based credit union's press release.

For more information, contact The Golden 1's call center at (916) 732-2900 or (877) 465-3361. It's open Monday through Friday, 7:30 a.m. to 7 p.m. and Saturday from 9 a.m. to 5 p.m.

Schools Financial Credit Union also announced a "Budget Impasse Loan" program for members with direct deposit. "In addition, extensions of loan payments are available for existing members with a Schools loan whose loss of income has resulted from the budget impasse," according to the Sacramento-based cooperative's press release.

Call (916) 569-5400 or (800) 962-0990 for more details about those programs. Hours: Monday through Friday, 9 a.m. to 6 p.m. and Saturday from 9 a.m. to 1 p.m.

Thanks to about a dozen State Worker blog users who let us know immediately when Golden 1 made its announcement. Hat tip to blog users T and J for flagging the Schools info.

Added July 7: We reported last week that SAFE Credit Union announced a state worker member loan program. Click here for more information.

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About The State Worker

Jon Ortiz The Author

Jon Ortiz launched The State Worker blog and a companion column in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at (916) 321-1043 and at jortiz@sacbee.com.

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