Peoria Public Radio Staff
Mon July 29, 2013
Credit union offering assistance to lawmakers
"Credit Union 1 is a not-for-profit membership cooperative, and it's open to any employee of the state of Illinois which includes the legislators in the state of Illinois."
That's credit union president Paul Simons, who says given the special circumstance, legislators who are members of the credit union can get a 60-day loan worth half their salary for zero interest.
"We don’t advertise … like we wouldn't take out newspaper ads or put it on our website or anything ... believe me the word spread pretty fast."
Legislators who aren't members of the credit union can join and get a loan, but it won't be interest free.In this case, politicians aren't getting special treatment - Simons says similar arrangements have been offered to state workers during past budget disputes or to union members when there's a labor strike.I'm Amanda Vinicky.