Resource One Credit Union employees in Houston used their Volunteer Time Off to help a local organization, Kids’ Meals. Its mission is to feed children under the age of 6 who face debilitating hunger due to extreme poverty. Since the COVID-19 pandemic, they are now feeding more than 7,000 children and families a day, and Kids’ Meals can only do this with the support of the Houston community through volunteering and donations.

United Credit Union in Tyler, Texas, recently collected $650 from employees and members for its Back the Teacher program. Now in its second year, the program previously supported an elementary school in Tyler Independent School District, but this year, the credit union decided to expand its reach in Smith County to Troup Elementary School in the Troup ISD.

The Cornerstone Foundation treated audiences to the sweet sound of music and light-hearted entertainment. SYNG, a unique, virtual lip-sync event, is designed to raise funds for the Foundation.

In honor of the recent 100th anniversary of the 19th Amendment guaranteeing women’s right to vote, YP Advisors encourage everyone to plan on exercising your civic duty to vote in the upcoming general election.

Sharing good food and recipes with others is a great way to show you care and to connect on a different level.

The Foundation’s Pandemic Response Strategy, a series of financial well-being programs designed to meet the needs of credit unions during the pandemic, remains in place for all who need it.

The Consumer Financial Protection Bureau (Bureau) is extending the comment period on its notice of proposed rulemaking (NPRM) to create a new category of seasoned qualified mortgages (Seasoned QMs) by three days, from September 28, 2020 to October 1, 2020 in order to accommodate for the Yom Kippur Jewish holiday.

FEMA published [ 85 FR 58294] in a recent Federal Register a notice that it was suspending, as of September 18, communities in Alaska, Arizona, Iowa and Washington from the National Flood Insurance Program for noncompliance with the floodplain management requirements of the program.

The Financial Action Task Force (FATF) has released a report, Virtual Assets – Red Flag Indicators of Money Laundering and Terrorist Financing, to help national authorities detect whether virtual assets are being used for criminal activity.

The Consumer Financial Protection Bureau (Bureau) settled with Lobel Financial Corporation, an auto-loan servicer based in Anaheim, California. The Bureau found that Lobel engaged in unfair practices with respect to its Loss Damage Waiver (LDW) product, in violation of the Consumer Financial Protection Act (CFPA).

The NCUA board passed a final real estate appraisals rule, approved an exemption from the Bank Secrecy Act’s Customer Identification Program and heard a briefing on the new MERIT Examination system at a recent meeting.

OFAC has posted a Treasury Department Bulletin with a reminder that holders of property blocked in accordance with OFAC regulations have a mandatory annual reporting requirement on that blocked property.

If a deceased member receives payments from the Social Security Administration after death and the money is withdrawn by a joint or other party, are we liable for the entire amount?

Strengthen member relationships, enhance digital engagement, keep deposits in member accounts and attract new members with the right person-to-person solution.

In a final rule effective Nov. 16, the Financial Crimes Enforcement Network (FinCEN) will require financial institutions that lack a functional federal regulator to meet new anti-money laundering (AML) requirements very similar to those that apply to other federally regulated institutions.

The Credit Union National Association and its League partners are the most influential financial services organization and one of the top 10 most effective advocacy organizations in Washington, D.C., according to an independent study conducted by Ballast Research earlier this year.

After 41 years at the Cornerstone League, Karen Hart, EVP, CFO, and CAO, announced her retirement in April 2021. In addition to being the “Hart” of Cornerstone, she has been instrumental in taking the helm on complex projects such as the consolidation of nearly 10 organizations into three in 2013.

Greater Texas Federal Credit Union exemplifies the International Credit Union Day theme of “Inspiring hope for a global community.” The credit union empowers members and non-members alike to look beyond the day to day and plan ahead for a brighter future.

This year, CUNA and the World Council have chosen the theme, “Inspiring hope for a global community” for International Credit Union Day on Oct. 15.

Good news. You can now review and download the second quarter 2020 Peer-to-Peer reports from the Cornerstone League website.