News

South Africa recently passed the Cooperatives Banks Act, the first financial cooperative-specific legislation in English-speaking Africa.

Maine credit unions are again coming to the assistance of the state's hungry by raising more than $40,000 in 2008, including a special gift in memory of a special food bank leader who died in 2004.

After dropping its federal charter a year ago, the $760 million Elevations Credit Union announced last week it plans to add three new branches in Boulder and Broomfield Counties over the next 12 months.

The Ohio Department of Com-merce recently launched its new multi-media public awareness campaign aimed at helping Ohioans prevent foreclosure.

Move over Pokemon, Local Government Federal Credit Union has created a whole new world for kids under age 8 to explore and learn about money.

Eastern Financial Florida Credit Union has recently received the My Boss Is a Patriot award from the National Guard and Reserve.

Janet Walter, CU Members Mortgage vice president of public affairs, was pleased to note that even in down times for other lenders, credit unions are picking up steam in the mortgage area.

As part of its reform agenda to become easier for lenders to work with, the Small Business Administration has released its modernized Standard Operating Procedure for lender and development company loan programs.