FARMERS BRANCH, Texas (5/5/15)--Eight new member credit unions have joined the Cornerstone Credit Union League, which consolidated the state associations of Arkansas, Oklahoma and Texas two years ago to provide greater service to credit unions and enhance the relevance of the association.
As a result of the perceived value of membership and industry-leading products and services delivered to credit unions, Cornerstone announced it is welcoming eight new credit union members in 2015.
“We are encouraged by this trend to affiliation and support of our credit union system at this critically important time both regionally with Cornerstone and nationally with CUNA,” said league President/CEO Dick Ensweiler. “We’re experiencing extraordinary support from credit unions in the Cornerstone region, reflected by new affiliations and a net promoter score of 75 that is matched by few in financial services.”
JSC FCU, Houston, was one of the first to join Cornerstone in 2015. “We are glad to be back and to continue our ongoing support of the league,” said President/CEO Michael Brown.
Firstmark CU, San Antonio, and Government Employees FCU, Austin, also joined Cornerstone this year.
“What we believe is particularly relevant as Cornerstone staff work tirelessly every day to advance the ongoing success of credit unions is that the new members we are welcoming to Cornerstone range from a $1.8 billion credit union to a $1.9 million credit union,” Ensweiler added. “This tells us that Cornerstone is a significant and essential partner for credit unions of all sizes, working to deliver value to credit unions both big and small.”
Five credit unions that would be considered small with assets of less than $50 million also joined Cornerstone in 2015.
“City FCU recognizes the valuable work the league performs, representing the interests of small credit unions like ours,” said Frank Frazzitta, CEO of the Amarillo-based credit union. “We also appreciate the resources in compliance, training, and business management services that are available to us as well as access to league staff and their combined deep knowledge over many areas in which we need support.”
Cornerstone also welcomed Teachers FCU, Oklahoma City; UP Employees FCU, North Little Rock, Ark.; My Choice FCU, Tulsa, Okla.; and BPS FCU, Beeville, Texas.