Inside Cornerstone

Cornerstone Foundation is pleased to announce its partnership with BALANCE, a national nonprofit that provides financial coaching, workshops, and webinars to help consumers achieve their financial goals through debt reduction, credit score improvement, budgeting, and homeownership.

The American Museum of Credit Unions just posted a new video for their series, Moments in Credit Union History.

The National Credit Union Administration, in its role as liquidating agent, announced on Monday an $865.5 million distribution to the 1,800 membership capital accountholders of the former Members United, Southwest Corporate, and U.S. Central corporate credit unions.

On June 23, President Joe Biden designated Sandra L. Thompson as acting director of the Federal Housing Finance Agency. The appointment came hours after Biden ousted the agency’s previous director, Mark Calabria.

Through a live audio webcast, the National Credit Union Administration board held its sixth open meeting of 2021 and unanimously approved a final rule that would phase in the day-one adverse effects on regulatory capital that may result from the adoption of the current expected credit losses (CECL) accounting methodology over a three-year period.