Inside Cornerstone

Sept. 22 is the perfect time to start thinking about your end-of-year gifts. A donation in September helps the Cornerstone Foundation finish the year strong—and giving benefits credit unions.

In advance of the November general elections, Cornerstone League encourages you to visit Credit Unions Vote, a one-stop website for voters.

Sign up for free and low-cost learning opportunities that will keep you and your teams up to speed with developments in the credit union industry.

The National Credit Union Administration has released a new tool to help small credit unions comply with the Financial Accounting Standards Board’s accounting standard on current expected credit loss, or CECL, which goes into effect for most credit unions at the start of 2023.

Financial performance data released by the National Credit Union Administration shows total loans outstanding in federally insured credit unions increased by $194 billion, or 16.2%, over the year ending in the second quarter of 2022, to $1.39 trillion.