HARRISBURG, Pa. (6/9/09)--A credit union CEO testified on behalf of credit unions Thursday at the Pennsylvania House Commerce Committee's public hearing in Philadelphia to gather insight on a mortgage lending bill. The bill, H.B. 1042, would require mortgage lenders to meet with homeowners in trouble before a judge permits a foreclosure, said the Pennsylvania Credit Union Association (PCUA) (Life is a Highway June 8). Bruce Foulke, president/CEO of American Heritage FCU, Philadelphia, told the committee about credit unions' impeccable low foreclosure rate, how they work with members before a foreclosure situation appears, and a few minor concerns about current legislation, said PCUA. Introduced by state Rep. Michael McGeehan (D-Philadelphia), H.B. 1042 is before the committee, which is reviewing efforts already underway in some county courts to require conciliation meetings. The bill would require the Court of Common Pleas in each county to establish a residential mortgage foreclosure conciliation program to assist lenders and borrowers in achieving a mutually agreeable resolution to mortgage foreclosure action. PCUA is working with the committee and other interested parties on the measure.