CPAL
Computer Purchase and Loan (CPAL) Program
Please return your completed CPAL application to the Director of Finance, Rachel Musiala.
CPAL Frequently Asked Questions
It’s $2000. You can spend more, but that additional amount cannot be covered by the loan.
Up to three years, or 78 pay periods.
The total value of all outstanding CPAL loans cannot exceed $100,000 as mandated by the Hoffman Estates Village
Board.
Board.
No. In order to be eligible for CPAL funding, you must first be approved for participation. No retroactive funding will
be provided.
be provided.
As long as the peripherals are a part of a PC purchase—meaning they are acquired at the same time as a computer and monitor—they will be eligible.
Two to four weeks from the time your check requisition and purchase receipt are received.
We ask that you buy the PC within 30 days, with 60 days being the maximum. Why? Because when your loan is approved, funds are encumbered to cover your eventual purchase. Because CPAL funds are limited and are replenished by your payroll deductions, your quick purchase ensures that other employees can participate.
Any funds owed to you by the Village at the time of employment separation could be used to repay the loan. These funds include, but are not limited to, money owed for unused vacation time. If the amount owed still exceeds what the Village owes you, immediate payment will be required.
No. Because accrued time and week‐in‐arrears pay serve as loan collateral, the CPAL program does not cover new employees (defined as a person with less than 12 months of full‐time employment history with the Village of Hoffman Estates).
No. You just cannot have more than $2,000 outstanding in loans. For example, if you have $500 remaining on a previous loan, you can spend $1,500 on a new loan. No more than a maximum of 3 loans outstanding will
be allowed.
be allowed.