Resources Blog

Featured Post

Let the PXT Select Assessment Help You Find the Right Talent

Every organization has felt the pain of making poor “people” decisions, as well as the joys of finding rising stars. The PXT Select assessment provides you the right information to make informed talent decisions so that you engage the right people. It measures how an individual fits specific jobs within your organization through assessing one’s thinking style, behavioral traits, and interests.

Feb 1, 2022

The Federal Reserve is About to Change its Monetary Policy. Is Your Credit Union Ready?

At their November 2021 meeting, the Federal Reserve revealed they will begin to taper their asset purchases – a program that started at the onset of the COVID-19 pandemic and should conclude mid-summer of this year. What does this mean for credit unions?
Subordinated Debt
Dec 23, 2021

Checking the Boxes with Subordinated Debt

New Year’s Day will represent more than the flip of the calendar this year. After six years of discussion and deliberation, the NCUA’s final subordinated debt rule will take effect January 1, 2022. What do credit unions need to know about this upcoming rule change?
Dec 9, 2021

Measuring the Impact of Automation

When it comes to originating loans, whether for the lender’s portfolio or for selling into the secondary market, automation is a basic requirement. Today, there are too many legacy manual processes throughout the applicant’s journey from origination to closing. It’s not enough to have a system of record to process the information required to generate a compliant and saleable loan.
Nov 17, 2021

Digital Transformation Made Simple

As I talk to credit unions, I often hear that digital transformation is one of their biggest challenges. So, I set out to write a simple blog about how remote deposit capture can make life easier for credit unions as they face this process. But said blog took a detour in the direction of complexity…
Nov 17, 2021

Cornerstone Can Help Your Credit Union Meet the Moment Through Commercial Lending

The COVID-19 pandemic has led to many changes in the market, including the way consumers think about their finances. More businesses are being launched now than at any time in the past decade as American workers pursue their entrepreneurial dreams, thanks in part to the rise of pandemic-induced innovation and emerging technologies. Commercial lending is a great way for credit unions to meet the moment and align their business strategies with meeting their members’ needs.
Oct 28, 2021

LIBOR Sunset & a SOFR Horizon – Here’s What Lies Ahead

Night fades to morning, morning turns to night. With each passing day comes change – a constant cycle that also holds true in the world of investments. As you may know, the London Interbank Offered Rate is being phased out in the U.S. and replaced with a new benchmark rate, the Secured Overnight Financing Rate. Here’s what you need to know.
Oct 26, 2021

Economic Crisis from COVID-19 Fallout Is Not the 2008 Housing Crisis

Shana Richardson has read a lot of headlines lately about banks pulling out of HELOC lending, and even a couple of credit unions. While lenders were complaining about the regulators clamping down on certain types of lending and other associated matters following the housing crisis – and it was a housing crisis – here we are doing just that. Were the regulators correct?
Sep 23, 2021

Inflation, Deflation, Disinflation…Now Stagflation?

Inflation, Deflation, Disinflation…Now Stagflation? The first three terms are probably familiar, but stagflation may be new to some. However, its been popping up more frequently in recent news. What does it mean and how should we prepare for the possibility of its arrival?
Sep 22, 2021

5 Strategies to Building a Sustainable Compliance Program

Compliance is a recognized safety and soundness issue influencing the direction of examinations and the perception of management’s effectiveness in the organization. The nature of compliance has become a landscape of almost constant change. Those credit unions who wish to weather the onslaught of regulatory upheaval have come to recognize that an effective and robust compliance program will protect the credit union in these challenging times.
Sep 14, 2021

Is Technology Sprawl Ruining Your Lending Experience?

How many systems, both digital and manual, do your borrowers and employees have to navigate before booking a loan? The answer may surprise you and provide some critical insight if you aren’t surpassing your loan growth goals.


Sign up to the receive Cornerstone Resources blog notifications.

Need Solutions?

Cornerstone Resources offers a wide variety of products and services tailored to credit union interests.