BILOXI, Miss. - While the news crews have left and America's attention has turned elsewhere, Hurricane Katrina remains very much a day-to-day reality for residents and credit union employees along the Gulf Coast.

Tobyhanna Army Depot FCU, Scranton, Penn., promoted Jessica Hicks to branch manager.

WASHINGTON - The Treasury Dept.'s Community Development Financial Institutions (CDFI) Fund said it has received 258 applications under the 2007 round of the New Markets Tax Credit (NMTC) Program. These applicants requested an aggregate total of $27,894,100,485 of NTMC allocation authority.

LATHRUP VILLAGE, Mich. - Michigan First Credit Union has introduced a line of business deposit and loan products. "As a progressive financial institution, we noticed an increasing number of requests from small businesses asking if we could serve them as business owners," said CEO Michael D. Poulos, CEO. "Our members also recognized the value of our low cost consumer products and started asking for the same thing for their business' financial accounts." The Michigan First business account product offers flexibility for businesses with a few employees to more than 50 employees, the credit union said.

MADISON, Wis. - With environmental issues making headlines, anything credit unions can do to show they are committed to keeping their small part of the world green makes good business sense.

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FRISCO, Texas - Money may not grow on trees, but credit unions end up helping to cut them down anyway to generate all the paperwork needed for daily operations.

MADISON, Wis. - With credit unions in the U.S. disappearing at a rate of approximately one per day, one analyst is suggesting the CU community look to a strategy that has driven success elsewhere: franchising.

MADISON, Wis. - With credit unions in the U.S. disappearing at a rate of approximately one per day, one analyst is suggesting the CU community look to a strategy that has driven success elsewhere: franchising.

EAGLE BUTTE, S.D. - NCUA announced last week it has approved a charter for CR Community First FCU, in this Native American Reservation. The field of membership will be the 12,000 residents of the Cheyenne River Reservation in Dewey and Ziebach counties. The credit union was sponsored by the Cheyenne River Housing Authority and the Cheyenne River Sioux Tribal Council. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

Mortgage Woes Tied to NCUA's Takeover Of CU

MIRAMAR, Fla. - Eastern Financial Florida Credit Union said it has now helped underwrite more than $200 million in business loans since launching its commercial lending program three years ago. The credit union's commercial underwriting and business loan servicing is offered through its CUSO, CU Business Capital LLC. CUBC provides participating credit unions with business deposit, cash management, and lending services and is now supporting 22 CUs from across the country. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

EL SEGUNDO, Calif. - Officials of beleaguered Continental FCU asked for NCUA help last week to fend off a hostile takeover from Wings Financial FCU, after Wings said it would press forward with its bid.

MONTEREY, Calif. - To effectively manage a credit union's ability to have a social impact, expert John Weiser has these tips:

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* It took eight months to build the new facility. At its grand opening, it was missing just a few squares of carpet and the plumbing for the cafeteria serving area.

MONTEREY, Calif. - During a Social Impact Management Institute here, one expert had an apropos question for credit unions: "What is this thing?"

EL SEGUNDO, Calif. - Officials of beleaguered Continental FCU asked for NCUA help last week to fend off a hostile takeover from Wings Financial FCU, after Wings said it would press forward with its bid.

HARTFORD, Conn. - State regulators are scheduled to meet with credit union executives this week to help clarify the filing requirements and calculation of the Unrelated Business Income Tax, better known as UBIT.

EAGLE BUTTE, S.D. - NCUA announced last week it has approved a charter for CR Community First FCU, in this Native American Reservation. The field of membership will be the 12,000 residents of the Cheyenne River Reservation in Dewey and Ziebach counties. The credit union was sponsored by the Cheyenne River Housing Authority and the Cheyenne River Sioux Tribal Council.