The State, in coordination with other levels of government and the private sector, has mounted an aggressive telecommuting initiative. Part of the initiative is to promote and implement telecommuting by encouraging employees who have the necessary computer equipment at home, and are willing to use it, to telecommute. It is not necessary to telecommute to participate in this program . The loans are made at a fixed Annual Percentage Rate of 6.3 percent for the term of the loan.
Contact MACU for current rate information.
The payback period will be up to 36 months for all loans. This program was initially contracted through July 20, 1998. Procedure for Granting Loans MACU will use the minimum credit standards in determining the approval of loans in this program. MACU will require employees to complete the State of Utah form FI 21, Employee Authorization Agreement for Payroll Direct Deposits, and submit the completed form to the State Division of Finance Payroll Section for processing. It's easy to apply for the loan.