Regulatory Priorities

Regulatory advocacy is crucial to credit unions' strength, growth, and success. After Congress or a state legislature enacts laws, federal or state administrative agencies develop the details for implementing the laws and outlining what credit unions must do to comply.

This rulemaking process follows its own set of rules, including mandatory public notice of any new regulations or proposed changes to existing regulations. The process mandates that those impacted have an opportunity to provide feedback to the issuing agency. The agency must then consider and address all comments received prior to adopting a regulation. In many instances, an agency may amend or even withdraw a proposal based on public commentary.

Cornerstone diligently monitors rulemaking by regulatory authorities, and we advocate for our members’ priorities by submitting comment letters on their behalf. We coordinate our efforts with our system partner, America's Credit Unions, consult with our regulatory engagement committee, and seek feedback from member credit unions. To best represent credit union interests, Cornerstone needs to hear from you about your concerns or suggestions regarding regulatory matters, so please let us know how you feel.

In addition to Cornerstone’s efforts, it’s important for credit unions to comment directly to regulators on matters of concern. If you submit a comment letter directly to a regulator, please copy Cornerstone at syashewski@cornerstoneleague.coop.

Cornerstone's comment letters on current and historical issues can be accessed below. These letters were delivered to regulators on your behalf. They also serve as a model for your own comment letters to regulators.

Comment letters do not need to be lengthy or detailed but should specify the impact of the issue on your operations, including quantifiable costs or increased labor needs, which are particularly helpful.

Following are Cornerstone’s current regulatory priorities.