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Cornerstone Supports NCUA's Efforts to Reduce Regulatory Burdens
Tuesday, November 21, 2017 7:00 AM

Cornerstone Credit Union League has sent its comment letter to the National Credit Union Administration regarding its regulatory reform agenda. In the letter, SVP Regulatory Compliance Counsel Suzanne Yashewski said Cornerstone supports NCUA's efforts to reduce regulatory burdens and backs CUNA's time-prioritized recommendations.

A Hurricane Harvey Story: Cornerstone Foundation Helps Karen Colbert
Tuesday, November 21, 2017 6:55 AM

Karen Colbert was there in the middle of Hurricane Harvey. Her Houston home was flooded with nearly six inches of water, while her garage was deluged by more than two feet of it. A bedroom closet ceiling collapsed as a result of chimney damage, and her clothes and shoes mildewed under murky water. Most of her furniture and appliances were destroyed or damaged, including a freezer, refrigerator, dishwasher, and a sewing machine.

Cornerstone Foundation Gives Thanks for Support of Festival of Trees
Tuesday, November 21, 2017 6:50 AM

The Cornerstone Credit Union Foundation expresses its gratitude to those who made the 2017 Festival of Trees a huge success. Thanks to the wonderful committee, volunteers, credit unions, and businesses who participated, this year's festival was a joyous occasion that raised $26,000 in net proceeds for the Foundation.

47 CU Pros, 7 from Cornerstone Region, Become Certified CUDEs
Tuesday, November 21, 2017 6:45 AM

Forty-seven credit union professionals from around the world, including seven from the Cornerstone region, just became Credit Union Development Educators (CUDEs). Dedicated program facilitators and mentors guided the graduates through the National Credit Union Foundation's intensive Credit Union Development Education (DE) Training during its Nov. 1–8, 2017, session at the Lowell Center in Madison, Wis.

AACUL Wraps up Winter Conference, Annual Meeting, and Elects Directors
Tuesday, November 21, 2017 6:40 AM

A large gathering of league presidents, league service corporations, and association executives, league chairs, government and political affairs professionals, CUNA executive committee members, and system partners attended the American Association of Credit Union Leagues' (AACUL) winter conference and annual meeting in New Orleans November 14-17.

Keeping a Handle on Concentration Risk
Tuesday, November 21, 2017 6:35 AM

Don’t put all your eggs in one basket. Sometimes we ignored these bits of wisdom from Grandma, but heeding her advice could have avoided millions of dollars in losses since the Wall Street debacle of 2008–2009. Yes, it is far more complex than what that sweet grey-haired lady’s sage wisdom imparted. It’s no longer about just one basket, and those eggs represent billions of dollars in loans, investments, and deposits circulating through the U.S. financial system.

Oklahoma State Legislature Reaches Budget Deal
Monday, November 20, 2017 7:00 AM

After 51 days of a contentious Special Session, the Oklahoma State Legislature came to an agreement Friday to fill a $215 million budget shortfall.

Telco Plus CU Selects CU Resources to Conduct President/CEO Search
Monday, November 20, 2017 6:55 AM

Credit Union Resources has been selected to conduct a search for the position of president/CEO for Telco Plus Credit Union in Longview, Texas.

CFPB Heeds CU Recommendations for Payday Alternative Loan Program
Monday, November 20, 2017 6:50 AM

The Consumer Financial Protection Bureau published its final short-term, small-dollar loan rule in the Federal Register Friday, with an effective date of Jan. 16. The CFPB appears to have listened to our concerns and incorporated changes to the final rule that provide some relief for credit unions, says Cornerstone Credit Union League's SVP Regulatory Compliance Suzanne Yashewski.

CUNA Economic Update Predicts Climbing Interest Rate in December
Monday, November 20, 2017 6:45 AM

CUNA's November 2017 Economic Update highlights impressive credit union financial and operating metrics and a strong consumer sector but also explores potential ramifications of coming changes including the potential for sharply increased stock market volatility and faster-than-previously-expected rate increases. 

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