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Illinois to Offer $100 Million in Loans to Federal Workers

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Associated Press
llinois Gov. J.B. Pritzker speaks with Treasurer Michael Frerichs at the state Capitol Jan. 23, 2019.

Illinois officials are offering $100 million in low-interest or interest-free loans to federal workers going without paychecks during a record 33-day government shutdown.

Gov. J.B. Pritzker and Treasurer Michael Frerichs told a state Capitol news conference Wednesday the treasury's linked-deposit program would put money in local banks that agree to offer the loans.
Federal workers are going without paychecks because of the partial government shutdown.

Below is list of services being offered to federal employees impacted by the government shutdown:

Banks

  • American Bank & Trust Company, N.A.
  • Bank & Trust Company
  • Bank of America
  • BMO Harris
  • Busey
  • Chase Bank
  • CIBC Bank USA
  • Fifth Third Bank
  • First Eagle Bank
  • First Mid Bank & Trust
  • Home State Bank
  • Huntington Bank
  • Illinois National Bank
  • Itasca Bank & Trust Co.
  • Marquette Bank
  • Peoples Bank
  • Peoples Bank & Trust
  • PNC Bank
  • Republic Bank of Chicago
  • SENB Bank
  • The State Bank Group
  • U.S. Bank
  • Wells Fargo Bank
  • Wintrust

Credit Unions:

  • 1st Mid America Credit Union
  • Citizens Equity First Credit Union
  • Community Plus Federal Credit Union
  • Heartland Credit Union
  • IH Mississippi Valley Credit Union
  • KCT Credit Union
  • R.I.A. Federal Credit Union
  • Scott Credit Union
  • SIU Credit Union
  • University of Illinois Community Credit Union
  • U.S. Employee Credit Union
  • Vibrant Credit Union

Pritzker says he is also exploring paying unemployment benefits to thousands of workers who have to report to work despite not receiving a paycheck.
The Democratic governors of Michigan, New York and Washington asked the administration last week for permission to do that.
 

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