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Cornerstone ALM Services: 27 Years and Growing
Wednesday, January 22, 2014 6:50 AM

The year 2013 marked the 27th year of Cornerstone Credit Union League offering asset/liability management (ALM) services to credit unions.  What started in 1986 as an opportunity to assist credit unions in responding to deregulation has blossomed into a program serving more than 600 credit unions around the United States. 

In addition to offering a semi-annual Key Ratio Report to credit unions affiliated with Cornerstone, the department provides a resource for ALM education to leagues throughout the nation. Financial management has been a major focus in the curriculum of Southwest CUNA Management School for more than 25 years and ALM staff is heavily involved in the school through instruction, counseling, and project evaluation.

Cornerstone is the only league with an in-house ALM offering. Others promote vendor products but the Key Ratio Report offers a unique opportunity to connect with member credit unions on a semi-annual basis and consistently remains one of the highest rated dues supported services.

“I feel the longevity of the program speaks to the value credit unions find in the information provided and the respect credit unions have for Dr. Idol, Debbie Rightmire and all associated with the ALM Resource.” says Mike Delker, senior vice president of CU Relations for Cornerstone.

“We appreciate the opportunity to identify regional trends in credit unions as we complete each update cycle,” adds Debbie Rightmire, vice president of ALM. “We analyze credit unions individually and communicate with them each six months. This offers the opportunity to identify strengths and weaknesses, changes to the balance sheet, and the impact of the financial changes on the critical areas of earnings, asset quality, capital, liquidity and interest rate risk.”

At the end of 2013, 454 credit unions or 80 percent of Cornerstone member credit unions were taking advantage of the ALM Resource. Thirty-eight new credit unions joined the service in 2013 or returned after a significant absence.

January marks the beginning of the semi-annual update cycle. If your credit union is a current member of the ALM Resource and wishes to receive an updated Key Ratio Report along with commentary, please forward a copy of your credit union’s December 2013 Call Report to Vicki Connerly, at or mail to Cornerstone Credit Union League, Box 655147, Dallas, Texas 75265.

To become a member of the ALM Resource and gain more information about how it can benefit your credit union, please contact Connerly, or Debbie Rightmire, at