Cornerstone credit union for free#
The credit union also donated an additional $500 to purchase books that were given out for free to children who visited the bookstore during Black History Month.Īs the pandemic nears its end, could you reflect on the challenges that your member credit unions faced and how the League helped them overcome it?Ĭornerstone League members faced the daunting task of safely ensuring business continuity during a global health crisis and as their trusted advisors, it is our responsibility to help guide our members through this time. In Oklahoma City, True Sky Credit Union donated $2,000 to pay rent and utilities for a Black-owned bookstore that was facing eviction. Border FCU also helped three families in need across the border with food, supplies, and blankets, and did giveaways for area teachers, donating $10,000 to help provide students with computers. The credit union collaborated with county commissioners and the Southwest Food Bank to give out $75 to $100 in groceries to families throughout the year. For local businesses, the credit union also offered Paycheck Protection Program (PPP) loans, venturing into commercial lending for the first time.Īdditionally, Border FCU activated additional staff to assist members-many of whom were accustomed to conducting transactions in the lobby-now going through the drive-thru for the first time. Border Federal Credit Union, which serves a high volume of Spanish-speaking members in Del Rio, Texas, and surrounding rural areas, offered three COVID relief programs: special relief loans, deferred payments, and Visa credit cards with skipped payments in April and May. In the Cornerstone League tri-state region, credit unions have gone above and beyond to serve their members, especially those serving low-income communities of color. Could you provide us with some examples of how credit unions in your footprint have responded to the needs of their community? The pandemic has been particularly hard for low-income people and communities of color. Also, there are many organizations that use the name "Cornerstone"-in dropping “credit union” from our name, we are distinguishing ourselves as not just one of many Cornerstones but the Cornerstone. It’s easier to navigate an organization as complex as ours when it’s presented as simply as possible.
Visually, it’s more powerful to use as few words as possible. Cornerstone has reached a level of prominence and esteem within the industry, both nationally and regionally, so that we don’t need to specify “credit union” for people to know who we are. There are a few reasons why we came to this conclusion. We dropped “credit union” from the branding because it is not needed. Could you share more about the process and what it means for the League? The League recently went through a rebranding process. The League is a 501(c)(6), and the Foundation is a 501(c)(3). All three were originally founded in 1934. As for the charter, we opened for business as Cornerstone Credit Union League on July 1, 2013, after the consolidation of the Credit Union Association of Oklahoma, the Arkansas Credit Union League, and the Texas Credit Union League. Talk to us a bit about the Cornerstone League-its history, members, and legacy.Ĭurrently, Cornerstone League has about 480 members. Under her leadership, the Cornerstone League moved aggressively to address the challenges posed by the pandemic, supporting their member credit unions and communities.
Before joining the Cornerstone League, Caroline was Vice President of Markets and Strategy at CO-OP Financial Services and held leadership positions in the credit union movement in California.Ĭaroline has led the Cornerstone League during one of the most challenging periods in American history: a public health and economic crisis that has left communities reeling, highlighting the importance of credit unions and their work as financial first responders. Caroline has extensive experience advocating for credit unions and the vital role they play in our communities and our economy. CEO Profile: Caroline Willard, CEO, Cornerstone LeagueĬaroline Willard is the President and CEO of the Cornerstone League, one of the largest and most influential trade associations in the country.
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