Latest News
-
COVID-19 Multifamily Forbearance Extended Again
Sep 30, 2021The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to the continued tenant protections FHFA has imposed during the pandemic. -
NCUA Issues Letter to FCUs: End of Homeowner Protection Programs
Sep 30, 2021Since the COVID-19 pandemic began in early 2020, the federal government has enacted a series of programs to help people stay in their homes. -
Don’t Be Lulled into a False Sense of Security
Sep 22, 2021Despite the challenges of the COVID-19 pandemic, the middle class reports heightened confidence and optimism in their financial security and retirement prospects, according to new survey data from CUNA Mutual Group.
Regulatory
FAQs & Guidance
- 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
Required Materials
- U.S. Department of Labor’s Wage and Hour Division: Paid Leave Notice (Poster)
Regulatory Agency Resources
- 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
Tools & Samples
Support
- 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)
Public Relations
- Video: Thank You for Your Essential Service - Cornerstone League
- Pandemic Poll Results - How Is Your CU Making a Difference? - Cornerstone member CUs
Samples
- NEW: Sample Healthy and Safety Policy for Dallas County credit unions
- Example Essential Business Letter for CU Employees
- Amplify CU Example Pandemic Plan - Thank you to our friends at Amplify CU for sharing their excellent COVID-19 plan document so that other credit unions might benefit.
Health & Government
Advocacy
Financial Services Sector
Industry Resources
- WOCCU: Coronavirus (COVID-19) Updates
- CUNA Mutual Group: Coronavirus Update and Letter from Sales Executive to CUNA Mutual Bond Policyholders on 03/19/20
- Catalyst Corporate FCU: COVID-19 Updates & News
- CU Solutions Group: COVID-19 Resources
- OneDigital: Coronavirus Advisory Hub
- JMFA: COVID-19 Information & Resources
- Filene: COVID-19 Resources Hub