COVID-19 Resources

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NCUA to Begin Phase 2 of Resuming Onsite Operations

Apr 7, 2022

In July 2021, the NCUA announced the implementation of Phase 1 of its phased approach to returning to onsite operations in Letter to Credit Unions, 21-CU-06.
NCUA reminds CUs about entering Phase 2 of onsite operations

Apr 6, 2022

Based on new guidance from the Centers for Disease Control and Prevention and the Safer Federal Workforce Task Force, National Credit Union Administration announced resumption of its onsite operations beginning April 11, 2022.
SBA Deferring Payments on EIDLs

Mar 24, 2022

Recently, SBA Administrator Isabella Casillas Guzman announced that the SBA will provide additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program borrowers for a total of 30 months of deferment from inception on all approved COVID EIDL loans.

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NEW - Cornerstone League: Vaccine Mandate FAQs
Oklahoma State Banking Department: FAQ for Financial Institutions Affected by COVID-19
Texas Credit Union Department: Home Equity Lending Guidance
U.S. Small Business Administration: How to Calculate Maximum Loan Amounts for the Paycheck Protection Program
Cornerstone League: Central Liquidity Facility: Enhanced Access for Credit Unions
Cornerstone League: Guidance on Lending during COVID-19
National Credit Union Administration: COVID-19, NCUA and CU Operations FAQ
U.S. Department of Labor: Paid Leave FAQs
U.S. Small Business Administration: Paycheck Protection Program Loan FAQs
Federal Financial Institutions Examination Council: Business Continuity Guidance
Consumer Financial Protection Bureau: Consumer Reporting FAQs Related to CARES Act and COVID-19 Pandemic
Consumer Financial Protection Bureau: Equal Credit Opportunity Act and Regulation B FAQs related to the COVID-19 Emergency

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U.S. Department of Labor’s Wage and Hour Division: Paid Leave Notice (Poster)

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National Credit Union Administration: Information for Federally Insured CUs
Texas Supreme Court: Enforcement of Court-ordered Collections, CARES Act Payments Protected
Texas Credit Union Department
Federal Reserve: Coronavirus Resources
Financial Crimes Enforcement Network: Coronavirus Updates
Office of the Comptroller of the Currency: COVID-19 Information

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Pandemic Response Strategy for Financial Well-being - Cornerstone Foundation
SBA Lending Poll Results - Cornerstone member CUs
Call Information Central at 512-853-8515 or 800-442-5762, ext. 8515 to get answers to your compliance questions.
Contact Cornerstone Support to get assistance with non-compliance issues.
InfoSight Pandemic Preparedness Compliance Assistance (League members only)
Disaster Assistance Partnering Resource - connecting credit unions in need of a disaster recovery site with those credit unions offering assistance.
Disaster Recovery Site Location Resource - view a list of credit union core processors and locations on the CU Statistics & Reports page (League members only)