Corner Stone Credit Union
Corner Stone Credit Union is headquartered in lancaster and is the 268th largest credit union in the state of Texas. It is also the 3,509th largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 15 employees and 5,219 members. Corner Stone Credit Union's money market rates are 70% higher than the national average, and it has a C+ health rating.
Field of Membership Restrictions
Must live or work in the cities of DeSoto (East of Hampton Rd), Red Oak, Glenn Heights or Lancaster. Also open to employees of several Select Employee Groups (SEGs). - See Details
LOVE THIS BANK
Great people and even better return on investments. I am a 23 year old Consultant for a larger financial institution and would not trust my monies any where else!
Data for Q4 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Corner Stone Credit Union had $143,000 in non-current loans and owned real-estate with $2.11 million in equity and loan loss allowances on hand to cover it. This gives Corner Stone Credit Union a Texas Ratio of 6.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Corner Stone Credit Union experienced no significant changes from 4.72% as of December 31, 2012 to 6.79% as of December 31, 2013, resulting in a negative change of 43.91%. This indicates that the balance sheet and financial strength for Corner Stone Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, Corner Stone Credit Union has decreased its total deposits by $-820,000, resulting in -4.36% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Corner Stone Credit Union has shown is below average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Corner Stone Credit Union has $20.04 million in assets with $2.11 million in equity, resulting in a capitalization level of 10.51%, which is above average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 68011 |
| Year Chartered | 1952 |
| Employees | 15 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $20.04 million |
| Loans | $13.79 million |
| Deposits | $17.97 million |
| Equity Capital | $1.85 million |
| Loan Loss Allowance | $261,000 |
| Unbacked Noncurrent Loans | $143,000 |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $20.76 million |
| Equity Capital | $1.79 million |
| Loan Loss Allowance | $287,000 |
| Unbacked Noncurrent Loans | $143,000 |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 7.24% |
| Return on Assets | 0.27% |
| Return on Equity | 2.93% |
| Interest Income | $1.08 million |
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Corner Stone Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.15% | $100 | - | IRA Savings Account | |
| 0.15% | $100 | - | Platinum Savings Account | |
| 0.10% | $100 | - | Regular Share Account | |
| 0.10% | $25 | - | Kids Account | |
| 0.10% | $100 | - | Christmas Club Account | |
| 0.10% | $100 | - | Vacation Club Account |
Corner Stone Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.75% | $50k | - | IRA Money Market Account | |
| 0.30% | $50k | - | Money Market Account |
Corner Stone Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.02% | $1k | - | Super Share Draft Account |
Corner Stone Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.00% | $50k | - | 5 Year Certificate | |
| 0.75% | $50k | - | 2 Year Certificate | |
| 0.75% | $50k | - | 3 Year Certificate | |
| 0.40% | $50k | - | 1 Year Certificate | |
| 0.35% | $50k | - | 180 Day Certificate |
Corner Stone Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.00% | $50k | - | 5 Year IRA Certificate | |
| 0.75% | $50k | - | 2 Year IRA Certificate | |
| 0.75% | $50k | - | 3 Year IRA Certificate | |
| 0.40% | $50k | - | 1 Year IRA Certificate | |
| 0.35% | $50k | - | 180 Day IRA Certificate |
| Corner Stone Credit Union Locations | ||
|---|---|---|
| Branch Office | 130 historic town sq | lancaster, TX 75146 |
| Branch Office | 3445 Highland Rd Ste 110 | DALLAS, TX 75228 |
| Branch Office | 7929 Brookriver Dr Ste 175 | dallas, TX 75247 |