Inside Cornerstone

Red River Employees Federal Credit Union of Texarkana, Texas, has partnered with the Cornerstone Foundation to establish a Donor Advised Fund. The nonprofit foundation will be named RRCU Gives.

Seventy credit unions, including six Cornerstone League members, have made this year's Best Credit Unions to Work For list from American Banker.

The Consumer Financial Protection Bureau’s rumored plan to expand Regulation E and the Electronic Fund Transfer Act is unlawful, would contravene the bill’s text, and would run afoul of the Administrative Procedures Act, CUNA wrote to the CFPB Tuesday.

What percentage of venture capital (VC) funding goes to Black, Latinx, and female entrepreneurs? If you guessed somewhere near each group’s share of the population, that would be roughly 13% for Blacks, 19% for Latinx, and 51% for women (as per the 2020 US Census).

Resource One Credit Union has added a Risk Management Department, which will work to enhance safety for external and internal factors that could create risks for the credit union and its 65,000 members.