550 W Meadows Dr
Freeport, IL 61032
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 0.55% 1.01% →
2-Year CD 0.60% 0.95% →
5-Year CD 1.15% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Cornerstone is an NCUA insured institution located in Freeport, IL. It was founded in 1939 and has approximately $126.25 millions in assets.

NCUA Insured Yes
Charter Number # # 60189
Date Established 1939
Assets $126.25 million
Loans $59.07 million
Deposits $110.92 million
Capital $12.48 million

Field of Membership Restrictions

Cornerstone CU of Illinois is open to any of the residents or people maintaining employment in these Counties of Northwest Illinois; Boone, Bureau, Carroll, JoDaviess, Ogle, Lee, Stevenson, Whiteside, and Winnebago, as well as the same people in Greene and Rock Counties of Wisconsin. Membership eligibility also extends to include the family members of current CU members.

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
Premium Money Market Account
0.20% $10,000 $14,999 Learn More
Premium Money Market Account
0.20% $25,000 $34,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
1.15% $10,000 $14,999 Learn More
60 Mo CD
1.15% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
0.05% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for CORNERSTONE

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
NMLS ID: 2890
License#: 13256
2.570% 2.500% 0.88 $2,312 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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Below are Cornerstone branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Cornerstone Locations

Financial Details

Cornerstone Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cornerstone. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Cornerstone U.S. Average
6.11% 6.71

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 30, 2020, Cornerstone had $803,927 in non-current loans and $17,000 in owned assets. To cover these potential losses it had $12,482,759 in net worth and $959,534 in loans loss reserves. That gives it a Texas Ratio of 6.11%.

Net Worth
Cornerstone U.S. Average
9.88% 13.61%

Cornerstone FCU has a net worth of 9.88% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Cornerstone

Branches and Savings

What is Cornerstone?

A federal credit union, registered with the NCUA under certificate #60189.
Learn more about credit unions here.

Is Cornerstone FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Cornerstone?

Please see Field of Membership information above for information on who is eligible to join.

What are Cornerstone's share account and share certificate rates?

Cornerstone's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Cornerstone?

Cornerstone has total capital of $12.48 million. Full information on Cornerstone's financial position is located above.

Who owns Cornerstone?

Credit Unions are owned by their members.

Where are Cornerstone branches located?

See branch locations nearby.

Are Cornerstone ATMs Open 24/7?

Do Cornerstone ATMs accept cash deposits?

Can Cornerstone customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Cornerstone have a mobile app?

Does Cornerstone have mobile deposit?

Does Cornerstone have quick pay?

How can Cornerstone transfer money to other banks or credit unions?

Does Cornerstone report to credit bureaus?

Does Cornerstone use Chexsystems?

Does Cornerstone use Equifax?

What is Cornerstone's toll free phone number?

What is Cornerstone's ACH Routing Number?

What is Cornerstone's SWIFT code?

Where can I find Cornerstone's wire transfer form?

What is the Cornerstone address for deposits?

What Products Does Cornerstone Offer

Does Cornerstone offer mortgages?

Compare mortgage rates here.

Does Cornerstone offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cornerstone offer auto and RV loans?

Compare auto loan rates here.

Does Cornerstone offer student loans or personal loans?

Compare personal loan rates here.

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