Credit union has major struggles after boom

After aggressively pursuing home construction california home loans during boom years, High Desert Federal Credit
Union is now reeling from the weak real estate market. The credit union is coping with 20 percent of
california home loans at least two months delinquent and income losses totaling nearly $4.7 million for the first six
months of this year, records show.

The credit union stopped issuing home construction california home loans in May to minimize future losses, after specializing in
those california home loans for more than 20 years, said company President Tom Brown.