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Cornerstone Foundation Partners with BALANCE to Help Consumers Achieve Their Financial Goals
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.
Cornerstone CEO Interviewed by American Museum of Credit Unions
The American Museum of Credit Unions just posted a new video for their series, Moments in Credit Union History.
NCUA to Distribute $865.5M Under Corporate System Resolution Program
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.
Biden Appoints Sandra Thompson as Acting FHFA Director
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.
NCUA Board Approves CECL Phase-in Final Rule
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.
McCarter LaBorde Named Next President/CEO of World Council
World Council of Credit Unions’ board of directors has selected Elissa McCarter LaBorde as the organization’s new president and chief executive officer.
Three Charities Receive Funds from Endurance FCU Golf Tourney
Endurance Federal Credit Union in Duncan, Okla., awarded three local charities with funds that were raised at the 12th Annual Charity Golf Tournament.
True Sky Credit Union Partners with Church to Expand into Eastside
New Bethel Baptist Church and True Sky Credit Union have partnered to build a self-service branch at N.E. 23rd Street and Missouri Avenue in Eastside Oklahoma City, where a groundbreaking was held on June 22.
In This Week’s Leaguer
In this week’s Leaguer, Texas Gov. Greg Abbott announces a special session beginning July 8 but hasn’t yet revealed the agenda items that lawmakers will meet to debate. Stay tuned.
Abbott Calls for Special Session Beginning July 8
Gov. Greg Abbott has called for a special session of the Texas Legislature to begin on July 8. Special sessions run for 30 days and cover specific agenda items.
Cornerstone/TXCUA Hold Virtual Wrap-Up of Texas Legislative Session
Cornerstone League held a virtual call on Monday to brief members about Texas’ 2021 regular legislative session.
Cornerstone Resources Partners with Digitized Solutions Provider SeeEverything to Improve CU Performance
Cornerstone Resources has partnered with SeeEverything Limited, a leading-edge global provider of software solutions that digitize coaching and compliance frameworks, operating rhythms, and member conversations to help financial institutions drive superior performance while improving commercial outcomes.
Cornerstone Foundation Names New Trustees, Elects Officers
The Cornerstone Foundation recently named two new trustees: Brad Scheidt, EVP and chief finance and strategy officer for Oklahoma Central Credit Union, and Brent Rempe, chief revenue officer of Allegiance Credit Union.
REMINDER to Oklahoma CUs: Virtual Legislative Recap on June 29
Just a reminder for our Oklahoma credit union CEOs and legislative coordinators to register for the virtual Oklahoma Legislative Session Recap on June 29 at 3 p.m. CT.
Sign Up for SYNG When You Register for ELEVATE: Credit Union Leadership Summit
While the sign-up for lip-syncing acts has closed, Cornerstone is still taking reservations for the live SYNG event, which takes place Sept. 9 during this year’s ELEVATE: Credit Union Leadership Summit (Sept. 8–10) in Denver, Colorado.
CUNA/Leagues Hold Joint Briefing with Congressional Hispanic Caucus
CUNA and the leagues held a joint briefing on Monday with the Congressional Hispanic Caucus’s BOLD PAC and its members on the House Financial Services Committee.
Time Is Running Out! 2021 CDRLF Grant Round Closes June 26
Low-income-designated credit unions seeking Community Development Revolving Loan Fund grants, including Minority Depository Institution Mentoring grants, have until June 26 to submit their applications.
FFIEC Announces Availability of 2020 Data on Mortgage Lending
The Federal Financial Institutions Examination Council announced the availability of data on 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under the Home Mortgage Disclosure Act.
A+ FCU Wins 2021 Ethics in Business Award
Austin-based A+ Federal Credit Union has been named a winner in RecognizeGood’s 2021 Ethics in Business Awards in the Large Business category after receiving an independent nomination from an individual in the local community.
Education CU to Open 7th Branch at AmTech Career Academy
To support the education and future careers of students in Amarillo, Education Credit Union announces the creation of its 7th branch at Amarillo Independent School District’s AmTech Career Academy.
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