Nine credit unions, including six with less than $50 million in assets, have joined the Cornerstone Credit Union League in Farmers Branch, Texas so far this year.
The nation's largest league, which serves credit unions in Arkansas, Oklahoma and Texas, recently welcomed the $1.7 million Gilt Edge Employees Federal Credit Union based in Norman, Okla.
"As a small credit union, it is becoming increasingly difficult for us to keep up with the growing regulatory burdens," Twila Rogers, president/CEO for Gilt Edge Employees FCU, said in a statement. "The Cornerstone Credit Union League has the resources we need to help us stay on top of these compliance challenges."
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