Budget Impasse

Special Instructions Regarding Your PSECU Account During And After The Pennsylvania Budget Impasse:
Please read this important information carefully.

During the budget impasse, we're here to help you bridge the gap if your regular pay is interrupted. Check out our special 0% Annual Percentage Rate (APR) PA Budget Impasse Loan*.

What Are My Loan Options?

Please review our current loan options:

• 0% Annual Percentage Rate (APR) PA Budget Impasse Loan - Special loan exclusively for state employees affected by the budget impasse
• Signature Loans - Take one out for up to $10,000 with a low fixed monthly payment.
• Personal Service Loan - Borrow up to $20,000 as a revolving line of credit. Your monthly payment is based on the current balance.
• The Capitol Card® - One of the best values in credit cards, it comes with member-friendly terms and a low 9.9% Annual Percentage Rate for purchases and cash advances. Learn more and see details about a special low rate for Visa Balance Transfers.
• Real Estate Equity Products - Choose a fixed-rate loan or a variable-rate home equity line of credit.
• Member-Owned Vehicle Loan - If you own your vehicle free and clear, you may borrow against its value.

Helpful Hints For Your Account

Review this list for steps you can take to help you stay out of trouble. Without your regular paycheck, it's more important than ever to take advantage of PSECU services that can help keep your finances on track.

Watch your balances using psecu@home® online account access or the Self-Service Telephone. Hint: Sign up for e-Alerts in psecu@home and find out the moment a share balance drops below a certain level. Or set a reminder for loan payment due dates. Check out all the e-Alert options in psecu@home under the "My Profile" tab.

Review your overdraft transfer options.

Be aware of automatic payments and debits - Automatic transfers, Bill Payer payments, payroll deduction and direct debits may need to be modified. Use psecu@home or call us to make adjustments.

What If You Owe PSECU Money?

Can I change my loan payment method?
Yes. PSECU offers many convenient options. You could have the payment transfer automatically either from a PSECU account or from another financial institution. Or you could control when the payment is made by using psecu@home or the Self-Service Telephone. Another option is getting loan coupons to mail in your payments. Simply give us a call, and we'll make the adjustment.

I can't make my loan payment. Can you change the due date?
Yes. For those employees affected by the budget impasse, we may be able to advance your loan due date up to one month. By advancing your due date, however, you may pay more money in interest, and the term of your loan may be extended.

Need more information? Just ask. Remember - We're your credit union, and we'll help you anyway we can.

*The 0% Annual Percentage Rate (APR) PA Budget Impasse Loan (PBIL) is available only to PSECU members whose accounts receive a Commonwealth of Pennsylvania (PA) Direct Deposit that is affected by a 2009/2010 budget impasse. PSECU will provide PBIL participants with a line of credit in $1,000 increments on the day(s) of their regular Commonwealth payday beginning on or after July 17, 2009. The 0% APR is effective during the impasse and for a 60-day period after the Governor signs the budget. Any balance remaining after that period will begin to accrue interest immediately at a rate of 3.9% APR. Rates are effective as of July 17, 2009. PSECU reserves the right to discontinue or alter the PBIL at any time. For complete details, read above as well as the LOANLINER® Credit and Security Agreement and LOANLINER® Addendum.