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Available Now: Cornerstone's Latest Regulatory Grid Update
July 31, 2015

Now online, credit unions may view the latest Cornerstone Credit Union League Regulatory Grid Summary. This informative summary gives you the most up-to-date details about current federal and state comment calls for proposed rules and regulations.

Green Path
Cornerstone Foundation Awards 33 Grants Totaling More Than $45K
July 31, 2015

The Cornerstone Credit Union Foundation’s Grants Committee, which meets three times a year to approve grants for financial education programs and chapter and professional development, approved 33 grants totaling $45,750 during the second funding cycle.

Chocolate Bayou Community FCU Selects Credit Union Resources to Conduct President/CEO Search
July 31, 2015

Chocolate Bayou Community Federal Credit Union in Alvin, Texas, has selected Credit Union Resources to conduct a search for the position of CEO. Chocolate Bayou Community FCU’s board expressed the need for a thorough and effective search for this critical position and chose Credit Union Resources based on its expertise in executive search within the financial services industry.

Highway Funding Bill with New Mortgage Reporting Goes to Obama
July 31, 2015

The U.S. Senate voted 91-4 to approve the three-month extension of highway funding in a bill that contains a provision requiring increased mortgage reporting. President Barack Obama is expected to sign the bill.

New NCUA Video Educates Consumers on Payday Loans, Alternatives
July 31, 2015

Each year, nearly 12 million Americans take out a payday loan, which can have higher interest rates and fees than other forms of credit, according to a new video released by the National Credit Union Administration.

As Fed Holds to Current Target Rate, CUNA's Schenk Provides Insight
July 31, 2015

Mike Schenk, CUNA vice president of economics and statistics, provided insight to Bankrate on the Federal Open Market Committee’s decision to not raise interest rates during its meeting Wednesday. The Fed has been keeping its short-term benchmark interest rate, the federal funds rate, near 0 percent since December 2008. A rate hike would be the first since mid-2006.

CFPB Acts against Residential Solutions for Blocking Consumers’ Attempts to Save Their Homes
July 31, 2015

Yesterday, the Consumer Financial Protection Bureau took action against Residential Credit Solutions, Inc. for blocking consumers’ attempts to save their homes from foreclosure. The mortgage servicer failed to honor modifications for loans transferred from other servicers, treated consumers as if they were in default when they weren’t, sent consumers escrow statements falsely claiming they were due a refund, and forced consumers to waive their rights in order to get a repayment plan. Residential Credit Solutions has agreed to pay $1.5 million in restitution to victims and a $100,000 civil money penalty for its illegal actions.

Marketing & Business Development Conference
Marketing and Business Development Conference Grant Application Deadline Extended
July 31, 2015

The Marketing and Business Development Council has extended the application period by one week for those credit union professionals who wish to apply for a grant to attend this October’s Marketing and Business Development Conference in South Padre Island. Applications will now be accepted through Friday, August 7.

Mark Meyer
Filene CEO Mark Meyer to Speak at Cornerstone New Ideas Institute
July 31, 2015

Mark Meyer is the CEO of Filene Research Institute. He's known for turning big research questions into relevant key findings and big ideas into products for a changing world. One of North America’s top cooperative finance thinkers, his approach has helped transform lives and communities about the opportunities for cooperative finance.

Heart O’ Texas FCU Selects Credit Union Resources to Conduct President/CEO Search
July 30, 2015

Credit Union Resources has been selected to conduct a search for the position of CEO for Heart O’ Texas Federal Credit Union in Waco, Texas. The credit union's current CEO, James Chaney, is retiring in 2016. The Heart O' Texas FCU's board expressed the need for a thorough and effective search for this critical position and chose Credit Union Resources based on its expertise in executive search within the financial services industry.

Amber O'Pry
East Texas Professional CU Announces Appointment of New Branch Manager
July 30, 2015

The board of directors and management staff of East Texas Professional Credit Union in Nacogdoches, Texas, have announced the appointment of Amber O’Pry as the new Nacogdoches branch manager. O’Pry brings with her 10 years of experience in the financial services industry, including numerous lending and management positions. 

 
 
Date Event Location
8/4/2015 South Plains Chapter Meeting Lubbock, TX
8/11/2015 Small CU Workshop Little Rock, AR
8/11/2015 - 8/12/2015 ALM Workshops Oklahoma City, OK
8/11/2015 Central Texas Chapter PAC FUNd Raiser Waco, TX
8/12/2015 Small CU Workshop Longview, TX
8/12/2015 - 8/13/2015 ALM Workshops Dallas, TX
8/13/2015 Coastal Bend Chapter Training Corpus Christi, TX
8/18/2015 - 8/19/2015 Bankruptcy & Collections Seminars Oklahoma City, OK
8/18/2015 Houston Chapter Partner Expo Houston, TX
8/18/2015 Dallas Chapter Annual Meeting Dallas, TX
8/18/2015 Texas Crossroads Chapter TCCUL PAC Auction El Campo, TX
8/19/2015 Amarillo Area Chapter Golf Tournament Amarillo, TX