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PSECU Offers Loans to Employees if Crisis Arises

The Pennsylvania State Employees Credit Union is doing its part this month to help out state employees who face losing paychecks as the state grapples with a July 1 budget deadline.

By Jim Rubenstein | Updated on May 28, 2009

The Pennsylvania State Employees Credit Union is doing its part this month to help out state employees who face losing paychecks as the state grapples with a July 1 budget deadline.

Recognizing the “impasse” over state funding, PSECU said it has established a new 0% loan program for up to 60 days “after the governor signs the new budget into law.” After 60 days, the loan will begin accruing interest at 3.9% APR until paid in full.

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