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July 2017
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Cornerstone’s Customized Economic Report Now Available Online
Monday, July 24, 2017 7:00 AM

The Cornerstone Credit Union League’s quarterly Economic Report is now easily accessible on the League’s website. This dues-supported benefit, compiled exclusively for our member-owners, compares the performance of credit unions in the three-state Cornerstone region with all U.S. credit unions. Importantly, the customized data is segmented by asset size and presented in an easy-to-read format, complete with informative graphics and narrative.

DATCU Helps United Way of Denton County Raise $16,719
Monday, July 24, 2017 6:55 AM

DATCU Credit Union, working with United Way of Denton, raised $16,719 this year with a Jet Ski raffle. Net proceeds will be used to help United Way of Denton County in their support of 20 partner agencies focused on making lives better for people residing in Denton County, including children, seniors, families, and veterans, as well as those experiencing homelessness and mental illness.

NCUA Board Proposes Closing Stabilization Fund
Monday, July 24, 2017 6:50 AM

The National Credit Union Administration Board met for its July meeting with Chairman Mark McWatters presiding at his first meeting since his appointment as the agency's 10th chairman. The meeting began with a quarterly report on the National Credit Union Share Insurance Fund (NCUSIF), followed by a proposal on emergency mergers and the mid-session budget review. The final two items included a proposal for comment on the closure of the Temporary Corporate Credit Union Stabilization Fund (TCCUSF), setting of the NCUSIF normal operating level, and a proposal on NCUSIF equity distributions.

NCUA Restructuring Plans; Regional Offices to Consolidate
Monday, July 24, 2017 6:45 AM

The National Credit Union Administration has announced that the agency plans to reorganize its operations. NCUA will consolidate five regional offices into three by closing the Albany, N.Y., and Atlanta, Ga., offices and eliminate four of the agency’s five leased facilities.

Cybercrime Costs Global Economy $860K Per Minute
Monday, July 24, 2017 6:40 AM

Cybercriminals cost the global economy $454 billion last year. In a single internet minute, malicious activity costs international commerce $858,153 and victimizes 1,080 people, according to San Francisco based RiskIQ.

YPs: Get in Before Deadline to Crash the Cornerstone Leadership Conference
Monday, July 24, 2017 6:35 AM

Cornerstone Credit Union League is now accepting applications for young professionals (YPs) to "Crash" the Cornerstone Leadership Conference and Expo. This is an incredible opportunity for YPs to meet with industry thought leaders and help streamline their trajectory to higher levels of leadership. A total of 10 YPs will be chosen from the pool of applicants.

Early Bird Deadline July 28 for Leadership Conference & Expo
Monday, July 24, 2017 6:30 AM

Join us at the Cornerstone Leadership Conference and Expo Sept. 7–9 at the Marriott Rivercenter in San Antonio. Prepare to be inspired.

Register Now for the Next Small Credit Union Workshop in Your Area
Monday, July 24, 2017 6:25 AM

The Cornerstone Credit Union League provides training workshops for small credit unions each year, sponsored by Cornerstone Credit Union Foundation and Credit Union Resources. The featured topics this year include: Accounting—What You Really Need to Know, The 3 R’s of Lending, and Hot Topics.