Cooperate

The Federal Reserve Bank of Philadelphia’s (FRB) $1.8 billion cooperative extension is coming to an end.The extension, which was approved on Thursday by the Federal Reserve Board, will provide credit for cooperative extension businesses, according to the bank’s website.Cooper extension businesses can use the credit to expand their businesses and meet the needs of the…

When the coppers woke up Monday morning, they found the first of what could be the first cooperative banks in the U.S.The wakefield cooperative, owned by two former coppers, was set up to provide a safe haven for people who had lost their home to foreclosure or had their home foreclosed on.The bank, based in…