C.A.H.P. Credit Union’s State Payroll Loan Available Now
Effective immediately and until the State passes the budget and reinstates full pay, CAHPCU members affected by the State’s budget impasse may obtain an Unsecured Loan1, granted on approved credit. Click here to learn more.
C.A.H.P. Credit Union Plans to Accept California Registered Warrants (aka IOUs)
Due to the current California revenue shortfall, the State Controller has indicated Registered Warrants may be issued as early as August, but as of 7/29/2010 no other details are currently available from the State.
If Registered Warrants are issued, C.A.H.P. Credit Union will accept Registered Warrants, issued by the State, in lieu of checks. Individuals who were CAHPCU members as of August 16, 2010 and are in good standing at the time of deposit will have the ability to have their Registered Warrants deposited into a share account at CAHPCU.
Registered Warrants must be deposited into a share account, (i.e., checking, savings, and money market). Because special handling is required to process California Registered Warrants -- the Credit Union will only accept warrants for deposit at our branches -- in person or via the U.S. Mail. Warrants deposited via ATM will be returned and the account assessed the applicable returned deposit fee.
Click here to learn more.