Cornerstone Credit Union
Headquarters
550 W Meadows Dr
Freeport, IL 61032
See all branch locations →
2024 Overview
General Credit Union Information
Cornerstone is an NCUA insured institution located in Freeport, IL. It was founded in 1939 and has approximately $142.5 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 60189 |
| Date Established | 1939 |
| Assets | $142.50 million |
| Loans | $92.40 million |
| Deposits | $125.72 million |
| Capital | $14.83 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 - April 23, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
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 | |
|---|---|---|---|---|
| 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 | |
|---|---|---|---|---|
| Var IRA
|
0.05% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2059741 |
6.894% | 6.750% | 0.88 | $4,746 | $2,076 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: 491986 |
Learn More | |||||
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Cornerstone
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
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:
Columbus,Ohio
Climate Policy and Initiatives
CORNERSTONE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Add Your Review
or use your BestCashCow account
or
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 |
|---|---|
| 2.62% | 6.97 |
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 December 31, 2023, Cornerstone had $387,936 in non-current loans and $17,000 in owned assets. To cover these potential losses it had $14,833,082 in net worth and $634,523 in loans loss reserves. That gives it a Texas Ratio of 2.62%.
Net Worth
| Cornerstone | U.S. Average |
|---|---|
| 10.39% | 13.62% |
Cornerstone FCU has a net worth of 10.39% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Cornerstone
There are currently no comments for CORNERSTONE. Be the first to share your experience. Please provide comments that will help others.
Add Your Review
or use your BestCashCow account