Colorado Savings and Loan
The Colorado Savings and Loan was established on February 11th, 2008 with investors Dishmcds and Apu Nahasapeemapetilon as the board members.
On the 6th August 2008, Colorado Savings and Loan became part of the ever expanding Aurum corporation. At this point Dishmcds was in sole command of the SO.
The Colorado Savings and Loan, which is commonly referred to as the CS&L, was a staple of US Society since it's foundation. It had owned or run several different companies throughout it's foundation, as well as actively handing out loans to citizens who ask for them. It was originally founded to give out mortgages and help a struggling housing industry, but has since resigned itself to loans for businesses as well as running companies.
Procedures for Loan/Mortgages
In order to apply for a loan, a person had to send a PM to the bank, including how much do they intend to borrow, and what it's used for. A reply was usually received within a day, and the bank would evaluate the purpose of the loan to ensure that it's investment would be well returned. If the terms the bank offered would be agreed upon, then both parties (one of the bank representatives and the borrower) would sign a contract in the forums, and the monies handed out.
There would always be collateral applied to the loan, so that the bank knows that, in case the loan should go into default, it can recover it's investment.
Joining Into Aurum Corp
In August, The Colorado Savings and Loan officially became a partner in the Aurum Corp, a United Kingdom based Corporation which had been looking to expand to an International Level. It's shareholders include:
- Aurum Foods US (Q4)
- Aurum Paradise US (Q2)
- Aurum Gifts US (Q3)
- Aurum Housing US (Q3)