HARRISBURG – Gov.Edward G. Rendell announced that 10 Pennsylvania banks and credit unions will offer assistance to the 69,000 commonwealth employees whose paychecks may be delayed in the event of a prolonged budget impasse.
“I am extremely grateful to the institutions that have responded to our requests, acted in a socially responsible way and agreed to develop financial products to help eligible state employees cope with these potentially difficult circumstances,” said Rendell. “I also want to thank commonwealth employees for their unwavering dedication to serving the public.”
The institutions offering assistance include: Citizen’s Bank of Pennsylvania, PA State Employees Credit Union, Americhoice Federal Credit Union, Members 1st Federal Credit Union, Oil Country Federal Credit Union, Fulton Bank, Lafayette Ambassador Bank, Swineford National Bank, FNB Bank, N.A. and Orrstown Bank.
Governor Rendell also noted that each of these institutions has its own criteria for eligibility and participation, programs and interest rates in establishing low- and no-interest loans and lines of credit. If state employees have questions about how to contact these institutions, they can call the Department of Banking Consumer Services Division at 1-800-PA-BANKS.
The General Assembly has not yet approved a budget for the new fiscal year that begins July 1.