Inside Cornerstone

A group of credit unions is fighting back against an NCUA rule that will prevent credit unions from receiving the full benefits a program Congress designed to help banks and credit unions serve more minorities.

Federally insured credit unions with both the minority depository institution and low-income designations are eligible to apply for the National Credit Union Administration’s MDI mentoring grants now through Oct. 29.

Ransomware developers and affiliates have been telling victims that they must pay the ransom or stolen data and internal company secrets would be publicly released. Unfortunately, six- and seven-figure demands have become routine among ransomware attacks.

Cornerstone League extends hearty congratulations to GECU who has won the Desjardins Adult Financial Education Award for the region. Cornerstone will honor GECU with a plaque at the IMPACT 2022: Annual Meeting and Council Forum in Grapevine, Texas, April 20–22, 2022.

In celebration of International Credit Union Day, the North Texas Sister Society will feature Tail O’ The Bank Credit Union CEO Beth Welsh from the United Kingdom at its Oct. 21 virtual Zoom meeting, from 2:30 to 3:30 p.m. CT.