Minnesota credit unions Monday were preparing contingency plans, rolling out special loan and "skip a payment" deals to members facing loss of paychecks should the state government shut down July 1.
Officials said it was still a 50-50 proposition whether a budget standoff between Democratic Gov. Mark Dayton and a Republican-controlled legislature might break prior to the July 1 deadline.
"We did have to go through something like on this kind of scale years ago during layoffs at the old Republic Airlines, which eventually merged into Northwest Airlines," recalled Jeff Olson, assistant vice president of the $810 million US Federal CU of Burnsville.
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