Cornerstone Financial Credit Union
Headquarters
P.o. Box 120729
Nashville, TN 37212
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2024 Overview
General Credit Union Information
Cornerstone Financial is an NCUA insured institution located in Nashville, TN. It was founded in 1962 and has approximately $597.96 millions in assets.
Who can join?
Members come from a broad variety of groups, including:
• Public and private school, college and university employees in Tennessee.
• Other educational institutions, associations and organizations.
• Approved employers and associations (a listing is available in any of our offices of companies and organizations which are within Cornerstone’s field of membership).
• Individuals who are retired employees of eligible member groups.
• Individuals who live or work in Antioch, Dickson, Franklin, Murfreesboro, Goodlettsville, and certain zip codes throughout Nashville.
• Family members of all Cornerstone Financial Credit Union members.
If you do not meet eligibility through any of the above options, not a problem!
You can still become a member if you authorize CFCU to send your name, address and email to the Adventure Science Center for a 30 day free trial. You do not have to retain membership with the Adventure Science Center after your 30-day free trial to remain a CFCU member.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 67972 |
| Date Established | 1962 |
| Assets | $597.96 million |
| Loans | $485.81 million |
| Deposits | $537.05 million |
| Capital | $59.14 million |
Field of Membership Restrictions
Cornerstone Financial CU of Tennessee is open to the residents and people maintaining employment in these Tennessee Counties; Antioch, Dickson, Franklin, Murfreesboro, and Goodlettsville, along with certain zip codes in the Nashville Area, employees of the Tennessee educational system; including public and private schools, college and universities, and all other forms of educational facilities or associations. Membership eligibility also extends to include the current and retired employees of the CU-affiliated SEG's and the family members of current CU members.
Deposit Rates - April 24, 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 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.10% | $10,000 | $14,999 |
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|
|
Money Market
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.02% | $2,500 | $3,499 | Learn More |
Loan Rates - April 24, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Cornerstone Financial
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: 401822 |
6.806% | 6.625% | 0.88 | $6,000 | $2,049 | Learn More |
NMLS ID: 447490 |
6.817% | 6.750% | 0.63 | $2,189 | $2,076 | Learn More |
NMLS ID: 2059741 |
6.905% | 6.750% | 1.00 | $5,094 | $2,076 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | 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 Financial
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Branches
Below are Cornerstone Financial 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 FINANCIAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Cornerstone Financial Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Cornerstone Financial. 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 Financial | U.S. Average |
|---|---|
| 6.76% | 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 Financial had $4,095,080 in non-current loans and $121,462 in owned assets. To cover these potential losses it had $59,140,887 in net worth and $3,241,121 in loans loss reserves. That gives it a Texas Ratio of 6.76%.
Net Worth
| Cornerstone Financial | U.S. Average |
|---|---|
| 9.89% | 13.62% |
Cornerstone Financial FCU has a net worth of 9.89% 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 Financial
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