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Cornerstone Supports NCUA's Efforts to Reduce Regulatory Burdens
November 21, 2017

Cornerstone Credit Union League has sent its comment letter to the National Credit Union Administration regarding its regulatory reform agenda. In the letter, SVP Regulatory Compliance Counsel Suzanne Yashewski said Cornerstone supports NCUA's efforts to reduce regulatory burdens and backs CUNA's time-prioritized recommendations.

Hurricane Harvey Damage
A Hurricane Harvey Story: Cornerstone Foundation Helps Karen Colbert
November 21, 2017

Karen Colbert was there in the middle of Hurricane Harvey. Her Houston home was flooded with nearly six inches of water, while her garage was deluged by more than two feet of it. A bedroom closet ceiling collapsed as a result of chimney damage, and her clothes and shoes mildewed under murky water. Most of her furniture and appliances were destroyed or damaged, including a freezer, refrigerator, dishwasher, and a sewing machine.

Festival of Trees
Cornerstone Foundation Gives Thanks for Support of Festival of Trees
November 21, 2017

The Cornerstone Credit Union Foundation expresses its gratitude to those who made the 2017 Festival of Trees a huge success. Thanks to the wonderful committee, volunteers, credit unions, and businesses who participated, this year's festival was a joyous occasion that raised $26,000 in net proceeds for the Foundation.

CUDE Graduates
47 CU Pros, 7 from Cornerstone Region, Become Certified CUDEs
November 21, 2017

Forty-seven credit union professionals from around the world, including seven from the Cornerstone region, just became Credit Union Development Educators (CUDEs). Dedicated program facilitators and mentors guided the graduates through the National Credit Union Foundation's intensive Credit Union Development Education (DE) Training during its Nov. 1–8, 2017, session at the Lowell Center in Madison, Wis.

AACUL Wraps up Winter Conference, Annual Meeting, and Elects Directors
November 21, 2017

A large gathering of league presidents, league service corporations, and association executives, league chairs, government and political affairs professionals, CUNA executive committee members, and system partners attended the American Association of Credit Union Leagues' (AACUL) winter conference and annual meeting in New Orleans November 14-17.

Keeping a Handle on Concentration Risk
November 21, 2017

Don’t put all your eggs in one basket. Sometimes we ignored these bits of wisdom from Grandma, but heeding her advice could have avoided millions of dollars in losses since the Wall Street debacle of 2008–2009. Yes, it is far more complex than what that sweet grey-haired lady’s sage wisdom imparted. It’s no longer about just one basket, and those eggs represent billions of dollars in loans, investments, and deposits circulating through the U.S. financial system.

Oklahoma State Legislature Reaches Budget Deal
November 20, 2017

After 51 days of a contentious Special Session, the Oklahoma State Legislature came to an agreement Friday to fill a $215 million budget shortfall.

Telco Plus CU Selects CU Resources to Conduct President/CEO Search
November 20, 2017

Credit Union Resources has been selected to conduct a search for the position of president/CEO for Telco Plus Credit Union in Longview, Texas.

CFPB Heeds CU Recommendations for Payday Alternative Loan Program
November 20, 2017

The Consumer Financial Protection Bureau published its final short-term, small-dollar loan rule in the Federal Register Friday, with an effective date of Jan. 16. The CFPB appears to have listened to our concerns and incorporated changes to the final rule that provide some relief for credit unions, says Cornerstone Credit Union League's SVP Regulatory Compliance Suzanne Yashewski.

CUNA Economic Update Predicts Climbing Interest Rate in December
November 20, 2017

CUNA's November 2017 Economic Update highlights impressive credit union financial and operating metrics and a strong consumer sector but also explores potential ramifications of coming changes including the potential for sharply increased stock market volatility and faster-than-previously-expected rate increases. 

A Refresher on Accounting for Investments
November 20, 2017

I have been receiving a lot of questions on investment accounting lately, so I thought it would be appropriate for a refresher. Keep in mind that Current Expected Credit Losses (CECL) will be changing how we account for investments as well as Allowance for Loan Losses. Thankfully that doesn’t take effect until 2021.

Date Event Location
11/28/2017 League Overview/Compliance Training Edinburg, TX
11/30/2017 League Overview/Compliance Training Texarkana, TX
12/5/2017 Frontline Training Seminar Dallas, TX
12/5/2017 Alamo Chapter Fundraising Event San Antonio, TX
12/7/2017 League Overview/Compliance Training Little Rock, AR
12/12/2017 Central Texas Chapter Annual Holiday Party Waco, TX
12/13/2017 Austin Chapter Volunteer Event Austin, TX
12/13/2017 2017 Disaster Recovery: Lessons Learned from Hurricane Harvey Online
12/14/2017 League Overview/Compliance Training Oklahoma City, OK
12/14/2017 Webinar: Fair Lending Online
12/14/2017 Greater Oklahoma Chapter Christmas Party Oklahoma City, OK
12/14/2017 Coastal Bend Chapter Meeting Corpus Christi, TX