Inside Cornerstone

The National Credit Union Administration Board approved a final rule that added the Sensitivity to Market Risk, or “S,” component to the existing CAMEL rating system and redefined the Liquidity Risk, or “L,” component.

Yesterday, House Financial Services Committee Chair Rep. Maxine Waters (D-Calif.) introduced the landmark Expanding Financial Access for Underserved Communities Act, which is supported by CUNA, Cornerstone League, and other leagues.

Incorporating consumer data and innovative technologies, such as artificial intelligence (AI) or machine learning, into service delivery strategies has become more commonplace amid the pandemic as consumer service expectations change and fintech competition increases.

Executive Director Washima Huq of the Texas Trust Gives Foundation, the nonprofit arm of Texas Trust Credit Union, has received the Rising Star award from the Greater Arlington Chamber’s Women’s Alliance.

PrimeWay Federal Credit Union is eliminating all overdraft protection fees and lowering non-sufficient funds (NSF) fees to $15. The change goes into effect on June 1. This is the next step in better money management.