Employees credit unions in Kentucky can get a $1,000 benefit if they prove that they have been employed for at least three months.
That’s enough to cover basic living expenses, including food and clothing.
Employers can also get a benefit of $2,500 if they show that they’ve had to lay off at least two full-time employees and their total payroll exceeds $25,000.
That means an employer can pay a total of $5,000 for a full-timer laid off because of a layoff or layoff and not counting the full amount.
However, that’s not the case for all employers.
The Credit Union Service Agency of Kentucky said it doesn’t count employees laid off from an employment source such as a part-time job or part-timers’ severance pay.
It also doesn’t consider laid off employees’ severances from a severance package, according to a news release.
Employees credit unions can apply for the benefit online.
However, it doesn.
That makes it harder to find and use a credit union for job seekers.
Kentucky Secretary of State Connie Lawson said she has contacted credit unions and said she is considering an exemption.
She also said that her office has contacted the National Credit Union Administration to see if it can exempt credit unions from the requirements of the law.
The credit unions are hoping that Kentucky’s unemployment insurance program will allow them to continue offering the benefit to laid-off employees, according the news release from the credit union service agency.
Lawson said she’s working with other credit unions to get an exemption so the state can begin paying the benefits.
Kentuckians are eligible for up to $10,000 in unemployment insurance benefits each year, but some employers have cut back on benefits to meet state requirements.
In 2016, for example, the Credit Union of America cut its unemployment insurance contributions to $2.5 million, which would have been $8 million under the state’s guidelines.
The state cut benefits in 2017 to $1.4 million, but the state did not provide an exemption for the cutbacks.
Kentucks unemployment insurance law requires credit unions be at least 50% owned by Kentucky residents.
In 2016, the National Association of Credit Unions of Kentucky had more than 4,000 members in Kentucky, the most in the country, according a press release from last year’s state budget.