The Cornerstone Credit Union League, which represents nearly 700 credit unions in Texas, Oklahoma and Arkansas, said on Tuesday that its members originated over 11,000 new loans every day in 2013.
According to Cornerstone, its member credit unions injected more than $118 million into local economies every business day through lending activities. Members also added $8.4 million to local economies through the purchase of products and services.
Last year, Cornerstone increased its staff by three percent, adding 747 more employees to a staff of over 26,000 employees. The league spent nearly $31 million in training and education for staff members at conferences and meetings and over $260 million for purchased services like information technology.