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November 2017
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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. 

A Refresher on Accounting for Investments
Monday, November 20, 2017 6:35 AM

I have been receiving a lot of questions on investment accounting lately, so I thought it would be appropriate for a refresher. Keep in mind that Current Expected Credit Losses (CECL) will be changing how we account for investments as well as Allowance for Loan Losses. Thankfully that doesn’t take effect until 2021.

Register Today for Cornerstone Road Shows in Edinburg and Texarkana
Monday, November 20, 2017 6:25 AM

Free Overview/Compliance Training for Cornerstone-Area Credit Unions. The Cornerstone Road Show is coming to your area soon. This is your opportunity to gain a comprehensive understanding of the many services and benefits your League offers.

InfoSight: The Americans with Disabilities Act
Friday, November 17, 2017 7:00 AM

Credit unions remain in a holding pattern waiting on the Department of Justice to issue website regulations under Title III of the Americans with Disabilities Act (ADA). Demand letters are on the rise; therefore, waiting for official regulation is no longer an option.

Pending Regulatory Comment Calls
Friday, November 17, 2017 6:55 AM

The following table shows pending regulatory proposals quickly coming to deadline. Cornerstone and Credit Union National Association will be submitting comments. Credit unions are encouraged to use PowerComment to file comment letters with regulators.

Buddy Gill Becomes CUNA's Newest Engagement Consultant
Friday, November 17, 2017 6:50 AM

CUNA has announced the hiring of Buddy Gill as the newest member of its engagement team, effective Dec. 7. Based out of Austin, Gill will serve as an engagement consultant throughout Arkansas, New Mexico, Oklahoma, and Texas, working with the Cornerstone Credit Union League and the Credit Union Association of New Mexico. 

Amarillo Chapter Honored by Texas Plains Chapter of Association of Fundraising Professionals
Friday, November 17, 2017 6:45 AM

The Amarillo Area Chapter of Credit Unions was honored as the Outstanding Community Service Organization during the National Philanthropy Day luncheon yesterday in Amarillo. This national event provides nonprofit organizations with the unique opportunity to recognize the efforts of a variety of donors who make the charitable work they do every day possible.

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