Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
The Golden 1 honoring state IOUs
SACRAMENTO, Calif. (7/1/09)--The Golden 1 CU intends to accept California state-issued IOUs from its members in response to the budget standoff between Gov. Arnold Schwarzenegger and state lawmakers. Lawmakers were meeting earlier this week to develop a budget that deals with a $24 billion funding shortfall (Sacramento Business Journal June 29). The $6.971 billion asset, Sacramento-based credit union has created state budget loans with a 0% annual percentage rate to aid state employees affected by the budget standoff. California could start issuing IOUs or registered warrants for many payments this week, John Chiang, state controller, told the newspaper. The Golden 1 has a tradition of helping communities in need, and the credit union will be there for its members if they need help during the state’s budget crisis, Teresa Halleck, Golden 1 President/CEO, told the paper.
Other Resources

RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
17 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
19 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
21 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
21 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
23 hours ago