Overview
What is Corner Stone Credit Union?
Corner Stone Credit Union is a not-for-profit financial cooperative located in Lancaster, Texas, specifically at 130 Historic Town Square, with a postal code of 75146. This cooperative is owned and operated by its members and provides a range of competitive lending products. The credit union operates with a mission to serve its members, offering them financial services that cater to their needs. With a team of 12 dedicated employees, Corner Stone Credit Union strives to contribute positively to the financial well-being of its member-owners.
Is Corner Stone Credit Union legitimate?
Corner Stone Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Corner Stone 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: $104,606
Professional Fundraising Fees: $0
Other Salaries and Wages: $321,364
For more financial information, click here
What is the mission statement of Corner Stone Credit Union?
Corner Stone Credit Union, being a not-for-profit financial cooperative, is governed and owned by its member-users. Its mission, in essence, is to provide its members with a range of competitive lending products. This cooperative is committed to serving its members by offering financial solutions that cater to their needs. By doing so, it fosters financial stability and growth within its membership base.
Who is the CEO of Corner Stone Credit Union?
Stacey Mcdonald is the Ceo of Corner Stone Credit Union. The CEO's salary of Corner Stone Credit Union is $104,606 and their total compensation is $104,606.
What is the revenue of Corner Stone Credit Union?
Corner Stone Credit Union's revenue in 2022 was $1,468,783.
Who are the executives of Corner Stone Credit Union and what are their salaries?
The average compensation at Corner Stone Credit Union during 2022 was $35,498. There are 12 employees and 8 volunteers at Corner Stone Credit Union.
Here are 7 key members and their salaries (Corner Stone Credit Union's CEO's salary is $104,606 and their total compensation is $104,606):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $104,606
- Related: $0
- Other: $0
Where can I find the form 990 for Corner Stone Credit Union?
Corner Stone Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Corner Stone Credit Union
Corner Stone Credit Union, as a not-for-profit financial cooperative, is driven by a mission that places its members at the heart of its operations. This mission sees the credit union functioning as an entity owned and managed by its members. In essence, it operates for the benefit of its members, offering a range of financial products at competitive rates. The credit union's mission is to provide its members with financial services that cater to their diverse needs, ensuring affordability and accessibility.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Corner Stone Credit Union plays a significant role in providing accessible financial services to its members and the broader community in Lancaster, TX. As a member-owned financial cooperative, it offers a range of lending products at competitive rates, making it easier for individuals and families to secure loans for various needs, whether for purchasing homes, financing education, or managing everyday expenses.
The credit union's commitment to serving its members fosters a strong sense of community. By prioritizing the financial well-being of its members, Corner Stone Credit Union supports economic stability and growth within the region. Its mission to operate as a cooperative aligns with the goal of public benefit, emphasizing the importance of member satisfaction and community involvement.
Through its services, Corner Stone Credit Union not only strengthens individual financial health but also contributes to the overall economic development of Lancaster, TX, enhancing the quality of life for its residents. The competitive rates and personalized service offered by the credit union empower members to make informed financial decisions, ultimately leading to a more prosperous community.
This information is meant to be a general summary of Corner Stone 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: $105,403
- Program Service Revenue: $1,315,954
- Gross Receipts: $1,468,783
Assets and Liabilities:
- Total Assets: $21,159,977
- Total Liabilities: $19,334,193
- Net Assets: $1,825,784
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$926,225
Member Fees and Charges
Revenue
$389,729
Organization Details
Founding Year
1952
Phone
(972) 218-9266Principal Officer
Stacey Mcdonald
Main Address
130 Historic Town Square, Lancaster, TX, 75146
NTEE Category
Code: W60 - Public benefit
If you are a representative of Corner Stone Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.