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The article reports that the $83-million Discovery Federal Credit Union is focusing its efforts in drawing the attention of teens and young adults who attend schools in Reading, Pennsylvania to help fuel its future business expansion. The 6,300-member credit union was hit hard in 2003 when an opto-electronics plant that was owned by Lucent Technologies closed. The plant, known as Reading Works, had been the credit unions primary sponsor, employing 4,900 workers at one point. The credit union is also making an effort to reach out to teenagers and other groups in the community with educational programs to improve its presence in the area.

The article reports that Pennsylvania's state regulator is taking a bigger role in putting predatory lenders that break the law in jail or out of business. William Schenck III, the Pennsylvania Banking Secretary, said that he is creating an investigation unit within his department and toughening licensing requirements for non-depository institutions after detecting abusive lending. He said that as a result of the increased efforts to crack down on predatory lenders, ideally credit unions would become more involved and have more business.

Reports on the expansion of American Heritage Federal Credit Union to serve the low-income residents in Philadelphia, Pennsylvania. Addition of new employees to the expanded branch; Plans of the credit union to increase assets by trying to lure new certificates of deposit and money market accounts through higher rates; Rates on personal loans to be offered.