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Cornerstone Supports NCUA's Efforts to Reduce Regulatory Burdens
Tuesday, November 21, 2017 7:00 AM

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.

A Hurricane Harvey Story: Cornerstone Foundation Helps Karen Colbert
Tuesday, November 21, 2017 6:55 AM

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.

Cornerstone Foundation Gives Thanks for Support of Festival of Trees
Tuesday, November 21, 2017 6:50 AM

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.

Oklahoma State Legislature Reaches Budget Deal
Monday, November 20, 2017 7:00 AM

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
Monday, November 20, 2017 6:55 AM

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
Monday, November 20, 2017 6:50 AM

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
Monday, November 20, 2017 6:45 AM

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
Monday, November 20, 2017 6:35 AM

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.

Register Today for Cornerstone Road Shows in Edinburg and Texarkana
Monday, November 20, 2017 6:25 AM

Free Overview/Compliance Training for Cornerstone-Area Credit Unions. The Cornerstone Road Show is coming to your area soon. This is your opportunity to gain a comprehensive understanding of the many services and benefits your League offers.

InfoSight: The Americans with Disabilities Act
Friday, November 17, 2017 7:00 AM

Credit unions remain in a holding pattern waiting on the Department of Justice to issue website regulations under Title III of the Americans with Disabilities Act (ADA). Demand letters are on the rise; therefore, waiting for official regulation is no longer an option.

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