COVID-19 Resources

Latest News

PPP partial forgiveness decision reviews allowed

Feb 10, 2022

The SBA has issued Procedural Notice 5000-827666 to announce a new process to allow Paycheck Protection Program borrowers to request an SBA loan review of partial approval forgiveness decisions issued by their PPP lenders.
Compliance Update on the Employee Retention Credit

Feb 3, 2022

Cornerstone League’s Information Central has received recent inquiries regarding the Employee Retention Credit (ERC) and whether credit unions are able to obtain this credit. We thought it would be helpful to clarify some recent changes regarding this issue.
Compliance Update on the Employee Retention Credit

Feb 2, 2022

Cornerstone League’s Information Central has received recent inquiries regarding the Employee Retention Credit (ERC) and whether credit unions are able to obtain this credit. We thought it would be helpful to clarify some recent changes regarding this issue.

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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)