PLANO, Texas -- Taking note of the continuing surge in U.S. foreclosures, Southwest Corporate Federal Credit Union Thursday pointed to adjustable-rate mortgages and subprime loans as contributing to high levels of foreclosures in Nevada, California and Arizona.

MILWAUKEE, Wis. -- Fundraising efforts are still underway for the retired teacher and former chairman of the $14 million Southshore CU of Cudahy who saw his home break up on national TV.

TOPEKA, Kan. -- The first application forms for branches and mergers under the state's new field of membership law were distributed last week as Kansas CUs began complying with the restrictive legislation which went into effect July 1.

WASHINGTON -- Despite an economy in upheaval, credit unions are holding their own and, in fact, "are winning this revolution," particularly in mortgages.

DES MOINES, Iowa -- Donations to aid Iowa credit union flood victims continued to pour in last week and reached $325,000, topping industry contributions collected nationally for those suffering losses during last fall's California wildfires, foundation officials here and in Washington reported.

CU Times Senior Correspondent

MERRIFIELD, Va. -- Credit unions, particularly those bent on expanding their mortgage business while seeking rate protection and liquidity, have a budding romance these days with the Federal Home Loan Bank System.

DENVER -- CUNA's "Homes for Our Troops" project to build two homes for wounded Iraqi soldiers during the Republican and Democratic conventions moved ahead over the July 4 holiday with more progress on construction and fundraising getting closer to a $300,000 goal.