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DOL Extends Transition Period for Fiduciary Rule
December 08, 2017

This week, the U.S. Department of Labor announced an 18-month extension from Jan. 1, 2018, to July 1, 2019, of the special Transition Period for the Fiduciary Rule’s Best Interest Contract Exemption and the Principal Transactions Exemption, and of the applicability of certain amendments to Prohibited Transaction Exemption 84-24. 

The 5 Most Common Mistakes NCUA Finds During BSA Exams
December 08, 2017

Last month, at the CUNA/NASCUS BSA School, NCUA's Judy Graham described the five most common BSA mistakes examiners find during examinations.

Pending Regulatory Comment Calls
December 08, 2017

The following table shows pending regulatory proposals quickly coming to deadline. Cornerstone and Credit Union National Association will be submitting comments. Credit unions are encouraged to use PowerComment to file comment letters with regulators.

FinCEN Launches 'FinCEN Exchange' to Enhance Public-Private Information Sharing
December 08, 2017

The United States Department of the Treasury’s Financial Crimes Enforcement Network launched the FinCEN Exchange program on Monday to enhance information sharing with financial institutions.

Learn from the Past, Prepare for the Future
December 08, 2017

As we enter the holiday season, most of us have wrapped up our strategic planning and are looking forward to eggnog, holiday treats, and a little down time before the hustle and bustle of the New Year.

Get Your Team Involved in BSA and OFAC Training
December 08, 2017

Compliance with the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) remains an important issue with regard to examinations and credit union liability. A substandard BSA/OFAC compliance program may expose your credit union to unwanted regulatory scrutiny and extensive penalties.

wreath
Rockin' Around the Wreaths Raises $5,000 for Cornerstone Foundation
December 07, 2017

The Rockin’ Around the Wreaths event was held Nov. 16 at the Arkansas office of the Cornerstone Credit Union League, and $5,000 was raised for the Cornerstone Credit Union Foundation.

Sarah Votaw with Mustang and check
Mustang Mania Winner Sarah Votaw Just Wanted to Wear Jeans
December 07, 2017

Little did Sarah Votaw know that on Oct. 31, via Facebook Live, her name would be picked for the 2017 Ford Mustang. Votaw bought a Mustang Mania raffle ticket for the opportunity to wear jeans for a month. Art Hornell, CEO of The People’s FCU and vice chair of the Cornerstone Credit Union Foundation Board of Trustees, offered the incentive of wearing jeans to all of his employees who purchased a Mustang Mania ticket.

CUNA MCUE: Lending Growth on Track for More Double-Digit Growth
December 07, 2017

Lending growth highlighted CUNA’s October Monthly Credit Union Estimates, with credit union loan portfolios on track for the fourth straight year of double-digit growth. 

More People Work in the Gig Economy Than You Might Think, and Many Want to Own Homes
December 07, 2017

The online, on-demand economy for services such as ride sharing, accommodation sharing, and others, known as the gig economy, is growing. To understand the extent of that growth and how it may impact attitudes toward homeownership, Fannie Mae's Economic & Strategic Research Group surveyed U.S. consumers in a new Special Topic study, released Tuesday.

Register Now: Fair Lending Webinar Dec. 14
December 07, 2017

Fair Lending may sound like old news, but it remains a primary focus with regulators in 2017/2018. This no-cost/low-cost* session will provide the training you need to be better prepared when the examiner walks in the door. 

 
 
Date Event Location
12/12/2017 Central Texas Chapter Annual Holiday Party Waco, TX
12/13/2017 Austin Chapter Volunteer Event Austin, TX
12/13/2017 Central Arkansas Chapter Meeting Little Rock, AR
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
1/17/2018 BSA and OFAC Training Teleconference
2/25/2018 - 3/1/2018 CUNA GAC Washington, D.C.
3/13/2018 - 3/14/2018 Oklahoma GAC Oklahoma City, OK
4/18/2018 - 4/20/2018 Annual Meeting & Expo Little Rock, AR