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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.
Four A&M staff win free parking in Aggieland Credit Union giveaway
As winners of Aggieland Credit Union’s 2022 Parking Prize Giveaway, four Texas A&M University faculty and staff who are members of the credit union won’t have to worry about paying for parking this school year.
TDECU welcomes Will Warren as market president
TDECU is furthering its commitment to members in the rapidly expanding region by naming Will Warren as market president for the Montgomery County area.
Texas Trust’s Washima Huq finds motivation in empowering others
Washima Huq believes young professionals can make the world a better place, but for that to happen, young people, especially those in minority groups, must see individuals like them in positions of power.
Better together: Survival, collaboration, and consolidation
Here’s a thought experiment for you. If Louise Herring were to somehow time travel to 2022, would she be proud of the legacy she built?
Fall edition of Perspectives available online now
What’s new? Cornerstone’s Perspectives magazine has just gone live online. This edition capitalizes on the concept of CU Smart Innovation, among other timely and relevant topics.
ELEVATE recap: Fresh, relevant content and epic lip-synching
Last week Cornerstone League held its annual ELEVATE: Credit Union Leadership Summit in Houston. From real-time in-between-session conversations to insightful presentations, Cornerstone’s ELEVATE team put together an outstanding event.
NCUA publishes IRR guidance
The National Credit Union Administration issued a Supervisory Letter to update the agency’s interest rate risk supervisory framework.
WEOKIE FCU gives stimulus checks to employees to combat inflation
WEOKIE Federal Credit Union in Oklahoma City handed out $600 stimulus checks to its 214 employees this summer for a total of $128,400.
Space City CU directors honored with lifetime scholarships that carry their names
Five long-time directors of Space City Credit Union were honored recently with lifetime scholarship awards.
Education CU launches foundation to enhance community outreach
Amarillo-based Education Credit Union has launched the Education Credit Union Foundation, whose mission is to promote public trust in philanthropy as well as academic, financial, and cultural learning.
Tinker FCU names Kevin Jamison executive director of the TFCU Foundation
Tinker Federal Credit Union has named Kevin Jamison as the executive director of the TFCU Foundation.
Winners of Crash Hike the Hill announced
Cornerstone League is pleased to announce this year’s winners of Crash Hike the Hill.
Tinker FCU names Steven Scarver VP manager of data analytics and intelligence
Tinker Federal Credit Union has named Steven Scarver as its vice president, manager of data analytics and intelligence.
Red River Employees FCU partners with Cornerstone Foundation to open Donor Advised Fund
Red River Employees Federal Credit Union of Texarkana, Texas, has partnered with the Cornerstone Foundation to establish a Donor Advised Fund. The nonprofit foundation will be named RRCU Gives.
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