Inside Cornerstone
Headlines
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NCUA releases Simplified CECL Tool for small credit unions
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. -
Credit union lending, assets, insured shares, and deposits continue growth
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. -
Multicultural business strategy starts with internal commitment to inclusion
A multicultural business strategy is essential if credit unions are to remain relevant to an increasingly diverse marketplace. Over the last five years, multicultural consumers accounted for 61% of credit union growth. -
Resource One CU and A New Direction CU to merge late this year
Resource One Credit Union and A New Direction Credit Union have received regulatory approval to merge in late 2022. -
Texans CU strengthens management team with five internal promotions
Richardson-based Texans Credit Union continues to strengthen its management team and provide career paths for its employees.
Upcoming Events
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Bankruptcy Seminar
OnlineJoin industry experts Tom Sharp and Sharon Sjostrom for this in-depth, 2-hour webinar designed to equip credit unions with the knowledge and strategies needed to confidently navigate consumer bankruptcies. -
Branch Manager Bootcamp: Summer Session 3
OnlineThis enhanced four-part series will focus on the next generation of branch managers. -
Consumer Lending Bootcamp: Session Two
OnlineThis comprehensive workshop is designed for credit union professionals looking to deepen their understanding of consumer lending. It covers the fundamentals of the lending process, effective marketing strategies for consumer loans, decision-making criteria, and practical application through case studies. -
Branch Manager Bootcamp: Summer Session 2
OnlineThis enhanced four-part series will focus on the next generation of branch managers. -
Consumer Lending Bootcamp: Session One
OnlineThis comprehensive workshop is designed for credit union professionals looking to deepen their understanding of consumer lending. It covers the fundamentals of the lending process, effective marketing strategies for consumer loans, decision-making criteria, and practical application through case studies.