Press Releases

Cornerstone scheduled Nov. 10 webinar to share key information 

PLANO, TEXAS, Oct. 20, 2022 – Cornerstone League has partnered with Inclusiv to help credit unions gain federal designations and additional resources to better serve low-income and underserved members. The partnership will help qualified credit unions obtain the following designations:

• Community Development Credit Union (CDFI): Mission-driven financial institutions that create economic opportunity for individuals and small businesses, quality affordable housing, and essential community services.
• Minority Deposit Institution (MDI): Credit unions designated as minority depository institutions provide safe, affordable financial services to members and communities who are often unserved or underserved by financial institutions.

Cornerstone has scheduled a webinar to announce the partnership and to offer Cornerstone member credit unions additional information.

The Cornerstone Foundation will play a key role in offering grants and manage the CDFI and MDI networking groups, resources that will facilitate credit union service to low-income and underserved members.

“The partnership with Inclusiv will help address the longstanding issue of financial instability within underserved communities,” said Cornerstone Foundation Executive Director Courtney Moran. “In helping credit unions obtain CDFI and MDI designations, we can help empower and promote financial inclusion of low-income communities.”  

The informational webinar is Nov. 10 from 2-3 p.m. during which Cornerstone will discuss the partnership in depth and share key information:  

• How credit unions can qualify for CDFI and MDI designations
• How the CDFI and MDI designations will benefit credit unions and their low-income and underserved members.

About Cornerstone League  

Cornerstone League is among the nation’s largest regional credit union trade associations, serving approximately 500 credit unions in Arkansas, Oklahoma, and Texas. Cornerstone exists to advance the success of credit unions in the region through legislative and grassroots advocacy; regulatory and compliance support; training, educational, and networking opportunities; essential communications related to news and information affecting the credit union industry; and other products and services that establish Cornerstone as the essential partner for credit unions. For more information, visit cornerstoneleague.coop.