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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SHIFT Lending & Collections Conference
Irving, TexasHosted in partnership with the Cornerstone Lending & Collections Council, this conference provides networking and education opportunities for lending and collections professionals. -
Cocktails & Credit Unions
Leawood, KSJoin fellow credit union advocates for an afternoon of networking with credit union leaders and legislative supporters—compliments of the Credit Union Political Action Committee (CUPAC) of Kansas! -
CEO Roundtable - Houston
Houston, TXOpportunity for CEOs to engage in discussions with colleagues from around the region. -
Webinar: The 5300 Survival Guide- Building a Reliable Call Report Process
OnlineIn this session, credit unions will learn to build a streamlined call report process so that it does not feel overwhelming. We will break down the essential components of a strong reporting workflow and highlight the most common challenges that credit unions face when preparing the 5300 in-house. -
Webinar: Practical Tool to Combat AI Fraud
OnlineJoin the Fraud Council for a no-hype, vendor-free look from someone working on the operational side, just like you. This session is focused on AI Fraud and is designed for credit union professionals across member onboarding, fraud, lending, and operations.