Overview
What is Cornerstone Credit Union?
Cornerstone Credit Union is a community-centric financial cooperative, dedicated to delivering top-notch services to its member-owners. With a focus on responsible leadership and growth, their team of professionals and volunteers ensure financial stability. They offer various services, including checking accounts to 6,477 members, savings options to 13,618 members, and mortgage and home equity loans to 475 members. The credit union's mission is to provide differentiated, quality services to its community, with a commitment to fostering fiscal stability.
Official website here: www.cornerstonecu.org
Is Cornerstone Credit Union legitimate?
Cornerstone Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cornerstone Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $534,253
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,583,216
For more financial information, click here
Official website here: www.cornerstonecu.org
What is the mission statement of Cornerstone Credit Union?
Cornerstone Credit Union serves its member-owners as a community-focused financial cooperative, striving to provide quality, differentiated services. Their professional staff and volunteers work diligently to ensure fiscal stability and growth. Their mission is achieved through responsible leadership, which involves offering various financial services such as checking and savings, as well as providing mortgage and home equity loans to their members. The cooperative is committed to maintaining a stable financial environment for its member-owners.
Official website here: www.cornerstonecu.org
Who is the CEO of Cornerstone Credit Union?
Gail Clore is the Director of Cornerstone Credit Union.
Official website here: www.cornerstonecu.org
What is the revenue of Cornerstone Credit Union?
Cornerstone Credit Union's revenue in 2022 was $6,965,510.
Official website here: www.cornerstonecu.org
Who are the executives of Cornerstone Credit Union and what are their salaries?
The average compensation at Cornerstone Credit Union during 2022 was $43,214. There are 49 employees and 9 volunteers at Cornerstone Credit Union.
Here are 13 key members and their salaries:
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- Compensation: $169,681
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- Other: $10,472
- Compensation: $163,777
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- Other: $8,538
- Compensation: $112,641
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- Other: $15,992
- Compensation: $50,464
- Related: $0
- Other: $2,688
Official website here: www.cornerstonecu.org
Where can I find the form 990 for Cornerstone Credit Union?
Cornerstone Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstonecu.org
Learn more at the official website: www.cornerstonecu.org
Mission Statement of Cornerstone Credit Union
Cornerstone Credit Union, as a community-focused financial cooperative, is dedicated to serving its member-owners with high-quality, distinct financial services. Its team of professionals and volunteers work tirelessly to ensure fiscal stability through responsible leadership and growth. The mission of Cornerstone Credit Union is to provide its members with differentiated services that cater to their financial needs, thereby fostering a sense of community and trust. The cooperative strives to maintain a balance between financial stability and growth, ensuring that it can continue to provide its members with reliable and top-notch financial services. By committing to its members, Cornerstone Credit Union aims to build a strong and resilient community, where financial well-being is a shared value.
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Impact
October, 2024
Cornerstone Credit Union significantly impacts the Freeport community by prioritizing member-focused financial services. With a robust membership base of over 20,000 individuals, it provides essential services such as checking and savings accounts, ensuring financial stability and accessibility for its members. The credit union has facilitated 475 mortgage and home equity loans, empowering families to achieve their homeownership dreams. Through responsible leadership and a dedicated team of professionals and volunteers, Cornerstone fosters fiscal stability while enhancing the economic well-being of its member-owners. Its commitment to quality and differentiated services reflects a strong dedication to uplifting and serving the local community.
This information is meant to be a general summary of Cornerstone Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $884,498
- Program Service Revenue: $6,081,012
- Gross Receipts: $7,181,066
Assets and Liabilities:
- Total Assets: $145,441,779
- Total Liabilities: $131,225,100
- Net Assets: $14,216,679
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$3,412,648
FEES AND CHARGES
Revenue
$1,621,560
OTHER INCOME
Revenue
$1,046,804
Organization Details
Founding Year
1939
Phone
(815) 235-5855Principal Officer
Gail Clore
Main Address
550 WEST MEADOWS DRIVE, FREEPORT, IL, 610325072
Website
www.cornerstonecu.orgNTEE Category
Code: W61 - Public benefit
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