HARRISBURG, Pa. (8/3/09)--Pennsylvania’s budget impasse has prompted the Pennsylvania Credit Union Association (PCUA) and the state treasurer to make temporary changes to the Credit Union Better Choice program to help state employees facing payless paydays. PCUA President/CEO Jim McCormack and Pennsylvania State Treasurer Rob McCord issued a letter to 82 credit unions participating in the program. The letter asks credit unions to allow state employees to apply for a separate Better Choice loan up to a maximum of $500 on each regular payday during the impasse (Life is a Highway July 31). Credit unions also are asked to forgo the deposit of an additional amount equal to 10% of the loan to an account in the employee’s name when making second Better Choice loans, and waiving the regular application fees for second and subsequent Better Choice loans to state employees. To qualify for the Better Choice loan, the state employee must be eligible for credit union membership and have an account. Borrowers are required to repay their 90-day loans in full before being eligible to take out subsequent loans.