March 2015 Chapter Report

Don't Forget to File the 990-N Tax Form

Most small tax-exempt organizations whose annual gross receipts are normally $50,000 or less are required to electronically submit Form 990-N, also known as the e-Postcard, unless they choose to file a complete Form 990 or Form 990-EZ instead. This form must be filed electronically (there is no paper form) by going to the website listed below and following the instructions.

The e-Postcard is due every year by the 15th day of the 5th month after the close of your tax year (May15th for calendar year end organizations). Instructions for filing the e-Postcard can be found on the IRS websiteFailure to file Form 990-N for three consecutive years will cause your chapter to lose its tax-exempt status.

Since this form is filed annually, you should use the name and address of a current officer when completing the form each year.

For more information, go to the Chapter Taxes page through the Cornerstone League website.



Cornerstone Credit Union FoundationApril is National Financial Literacy Month

Free Financial Education Webinars
The Foundation, in partnership with the CCCS of Greater Dallas, will continue presenting monthly live and free webinars covering a wide array of topics, as well as an additional 50 webinars during the month of April to celebrate Financial Literacy Month. Webinars are open to credit unions, community partners, educators, etc. As part of the partnership, CCCS will also customize a webinar for your credit union, including your logo on all slides. You choose the topic and make it exclusive to your members.

Financial Fitness Day
The Foundation, in partnership with the National Credit Union Foundation, presents "Financial Fitness Day," a fundraising and awareness campaign taking place April 1, 2015. Americans spend months getting their physical health into shape as part of their New Year's resolutions. Kicking off National Financial Literacy Month, Financial Fitness Day is dedicated to helping members get their financial health in shape.

It's easy to participate. Just hold one (or more) of the following at your credit union organization on Financial Fitness Day:

  • Jeans or Casual Day for staff
  • Bake sale for staff and/or members
  • Deduct or Donate a Buck: Ask staff and/or members to consider a voluntary contribution of $1 or more, in cash as they complete their transaction and/or deducting from their checking or saving account as often as they choose.

Please feel free to celebrate any day in April, if this specific date does not work for your credit union's schedule.

By participating, you'll be raising funds for the Cornerstone CU Foundation and National CU Foundation in support of their critical financial education initiatives, as well as raising awareness of credit unions' financial education activities and the importance of financial education.

For more information and a variety of downloadable resources, including how you can get involved, visit

For information on financial education happenings around the Cornerstone Region in April, please visit


2015 Residential Real Estate Compliance & Mortgage Lending Seminars

March 17–18, 2015
Oklahoma City, Oklahoma

April 21–22, 2015
Houston, Texas

May 12–13, 2015
Little Rock, Arkansas
Rescheduled from February 24–25

More Information & Registration

Day One Topics

  • Completing the application, action taken, and monitoring
  • Processing checklist and duties, homeownership counseling, changed circumstances,
  • APR, tolerances, finance charges, preliminary disclosures (GFE & TIL)
  • Loan estimate overview (effective Aug. 1, 2015)
  • Ability to repay and qualified mortgages, Appendix Q
  • HPMLs, HPCTs and high-cost/HOEPA escrows and appraisals

Day Two Topics

  • Ability to repay and qualified mortgages, Appendix Q
  • HPMLs, HPCTs, and high-cost/HOEPA escrows and appraisals
  • Appraisals and evaluation procedures, flood requirements
  • Closing disclosure overview (effective Aug. 1, 2015)
  • APR, tolerances, finance charges, violations, and cures
  • Modifications, extensions, renewals vs. refinancing
  • Right of rescission troubleshooting
  • Detailed clarifications—integrated disclosures
  • LE and CD effective Aug. 1, 2015) – RESPA/TILA 

Oklahoma Governmental Affairs Conference

Oklahoma GACMarch 24–25, 2015
Oklahoma City, Oklahoma
More Information & Registration

Join other Oklahoma credit union professionals for the 2015 Oklahoma Governmental Affairs Conference, March 24–25 at the Credit Union House in Oklahoma City. That evening, Century Club members will enjoy dinner at the Oklahoma Governor's Mansion.*

The next morning, join members of the Oklahoma State Legislature for breakfast at the State Capitol. This is a great opportunity to discuss important credit union issues with key decision makers.

*This dinner is by invitation only, so don't forget to submit your OCUPAC donation to receive your invite.

2015 IRA Seminars

May 1213, 2015
Dallas, Texas
Earlybird deadline: April 28
More Information & Registration

Day One – Seminar Highlights

  • Traditional IRA eligibility and deductibility requirements
  • Roth IRA eligibility and qualified distributions rules
  • SEPs and SIMPLES
  • How to move IRA money: rollovers and transfers
  • How to move money from company retirement plans
  • What happens if there is too much money put in an IRA
  • What happens when the customer takes money out at 59-1/2, 70-1/2, and death
  • Do IRAs have penalties? Who collects the penalty?
  • How does the IRS know the money is going in and out of an IRA
  • What paperwork needs to be completed to open and close an IRA
  • Coverdell Education Savings Accounts

Day Two – Seminar Highlights

  • Quick product review and update
  • Qualified retirement plan rollovers and common errors
  • Conversions, re-characterizations, revocations, and reconversions
  • Excess contributions
  • Compliance issues: how to audit your IRAs
  • Reporting to the IRS: A to Z
  • How to correct reporting to the IRS
  • 70-1/2 distributions, death distributions
  • Withholding
  • Common IRA errors and solutions
  • Prohibited transactions
  • Health Savings Accounts

Other 2015 IRA Seminar Dates

Oklahoma City, Oct. 67
Earlybird deadline: Sept. 22

Little Rock, Nov. 1718
Earlybird deadline: Nov. 3

2015 Bankruptcy & Collections Seminars

May 20–21, 2015
Little Rock, Arkansas
Earlybird deadline: May 5
More Information & Registration

Bankruptcy Seminars


  • Auto liens
  • Bankruptcy fraud
  • Reaffirmation Agreements
  • Proofs of claims
  • Bankruptcy essentials
  • Current & emerging problems in bankruptcy courts
  • Automatic stay issues
  • Payroll deductions
  • Credit reporting

Collections Seminars
Debt Collection Act Compliance & Collections Training


  • Collections training
  • Debt Collection Practices Act
  • Compliance issues in the collection department
  • Collection policies and procedures
  • Practical advice regarding effective telephone techniques and strategies

Other 2015 Bankruptcy & Collections Seminar Dates

Oklahoma City – Aug. 18–19
Earlybird deadline: July 28

Houston – Nov. 4–5
Earlybird deadline: Oct. 14

Annual Meeting

2015 Annual MeetingApril 8–10, 2015
Austin, Texas
More Information & Registration

In organizations, as in life, we are always strategizing the next move forward. The trick is in knowing which way is forward.

Join us for this year's Annual Meeting where our theme is "Members in Motion." Through our actions, we feel like we're advancing, gathering and maintaining momentum for the future, and serving our members to the best of our ability. But how can we be sure we're not going in circles? That's where continuing education, learning from the pros, teaching our staffs, networking with colleagues, and sharing successful best practices can help guide us in the right direction, ever forward.

Spring Orientation

April 14–15, 2015
Dallas, Texas
More Information & Registration

The Cornerstone Credit Union League is hosting its popular Spring Orientation at its headquarters in Famers Branch. While the program is free, registration is required.

Orientation is offered twice a year and offers a comprehensive overview of the products, services, and resources available through Cornerstone, the Cornerstone Credit Union Foundation, and Credit Union Resources. The Orientation is open to credit union staff or volunteers on every level whether teller, CEO, board member, or chairman of the board.

A full agenda for the Spring Orientation is available online, as is online registration.

If you have questions, please call Training and Events at (800) 442-5762, ext. 6630, (469) 385-6630, or email

Principles & Philosophy Conference

May 13–15, 2015
Dallas, Texas
More Information & Registration

Course Objectives

  • Understand the history and role of credit unions in the marketplace
  • See how the value of cooperative philosophies applies in the day-to-day operations of your credit union
  • Gain insight on the historical and current social impact of credit unions
  • Understand why credit unions are different and how to leverage that for growth
  • Create a plan of action for your credit union  

Southwest Lending Conference

Southwest Lending ConferenceMay 18–20, 2015
Southlake, Texas
More Information & Registration

"Performance Driven Lending" is the focus for next year's conference, which will be held in the Dallas/Fort Worth area. 

The credit union landscape is changing at a rapid pace. This annual conference is a great way for you and your credit union to ensure a spot on the leading edge of trends, hot topics, and regulatory issues within the industry. Learn from experts in the field who will assist you in developing new ideas and strategies to maximize loan growth.

This event is also a great opportunity to network with your peers and gain new ideas that are working at credit unions similar to yours. Make plans now to attend the conference and rev up your lending skills.

Volunteers Forum — Get on Target!

Volunteers ForumJune 10–12, 2015
Oklahoma City, Oklahoma
More Information & Registration


  • Networking with volunteers from credits unions in Arkansas, Oklahoma and Texas
  • Best Practices
  • Future Trends
  • Collaboration & Training

Certificates of Attendance/Completion for Financial Literacy, BSA Training and Supervisory Committee for federal credit unions*   

Compliance & Audit Conference

Compliance & Audit ConferenceJune 8–10, 2015
Oklahoma City, OK
More Information & Registration

Move in the Right Direction

Let us point you in the right direction—into the hottest credit union compliance topics, including data breaches, remote deposit capture, cyber security, employee fraud, and much more at the 2015 Compliance & Audit Conference in Oklahoma City, Oklahoma. Presented by industry-leading experts, you'll get the latest on what's hot now and what's coming up in credit union regulatory compliance.


  • Networking with compliance and audit professionals from credit unions in Arkansas, Oklahoma, and Texas
  • Best practices
  • Compliance updates
  • Collaboration and training   

2015 HR Conference

HR ConferenceJune 8–10, 2015
Oklahoma City, Oklahoma
More Information & Registration

Move in the Right Direction

Let us point you in the right direction! Back again for 2015. Two tracks will be offered for HR Professionals. One track geared towards the HR generalist in developing and maintaining those skills necessary to manage effective human resource functions. The other, an executive track, will include thought-provoking sessions designed to challenge the senior-level HR professional.


  • Networking with HR professionals from credits unions in Arkansas, Oklahoma, and Texas
  • Best practices
  • HR updates
  • Collaboration and training

Small Credit Union Conference

Small Credit Union ConferenceJuly 11, 2015
Dallas, Texas

More Information & Registration

Registration is OPEN for the First Annual Small Credit Union Conference. This is the perfect opportunity for small credit unions in the Cornerstone region to come together for high-energy education and walk away with required trainings.

Training highlights:

  • Robbery and hostage training
  • BSA/OFAC training
  • Financial literacy
  • 2015/2016 NCUA exam highlights
  • Office of Small Credit Union Initiatives grants and services
  • Cornerstone Credit Union Foundation grants

The Small Credit Union Conference is designed to meet the needs of staff, directors, and volunteers of the credit union. All attendees will be provided with a certificate of attendance.

If you have any questions, please call Lorri Gaither (800) 442-5762, ext. 6423, or email

The Small Credit Union Conference is made possible from a Community Investment Fund grant. We would like to thank the Cornerstone Credit Union Foundation for their strong support of small credit union training events. 

Credit Union Resources

Guard against the Domino Effect with Appropriate Succession Planning!

Don't leave your success to chanceDon't leave your success to chance...

Your Board and CEO are critical to your credit union's success.

Preserve your tradition of excellence!

Plan the future NOW with confidence and ease to ensure that:

  • You always have a plan in place in the event of a sudden or planned departure from the credit union or board.
  • You keep senior leaders engaged by providing planned developmental opportunities, and
  • Ensure the Board and CEO are on the "same page" in terms of succession.


The online tool that makes Board and CEO succession planning easy!

Howard Bufe
800-442-5762 ext. 6820

Karen Houston-Johnson, CCUE, SCMS
800-442-5762 ext. 6626

Dean Borland, SCMS, CUDE
800-442-5762 ext. 6627

Do You Know What Time It Is?

Spring into ActionTime to SPRING into action and take advantage of special pricing on HR & Payroll Audits!

Book your Assessment by June 30, 2015 and receive a special 10% discount off standard pricing for assessments completed in 2015.

Complete your Assessment during the first six months of 2015 (January—June) and receive an additional 5% discount.

Our assessments include a review of the following:

  • HR Policies & Procedures
  • Terminations/Discipline
  • Compensation/Benefits
  • Payroll
  • EEO Issues
  • Records Maintenance
  • Employee Relations
  • And much more...

Make your plans today! If you have questions or need more information give us a call or visit our website.

Kimberly Jones
HR Consultant
800-442-5762, Ext. 6432

Susan Looney, SPHR
Sr. Vice President
800-442-5762, Ext. 6431