Inside Cornerstone

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Houston-based Energy Capital Credit Union has announced that Kanika Boutté has been named chief executive officer. She will succeed Linda Pearsall and assume responsibilities on Jan. 1, 2022.

Ethel Jennings has been with 1st University Credit Union for 25 years, having started in the accounting department in 1996. Last week, Jennings was promoted to executive vice president of accounting and operations.

Congressional policymakers are eyeing unconventional sources of revenue to fund their infrastructure plans. One proposal under consideration would require credit unions and other financial institutions to report to the Internal Revenue Service how much money has gone into and out of accounts holding more than $600.

This year, Cornerstone League will hold a virtual Hike at Home on Oct. 18–22,* similar to the very successful virtual hike we held in 2020. Please mark your calendars so you’re sure to join us.