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800-345-5690
130 Historic Town Square
Lancaster, TX 75146

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

Reviews (1)

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!



Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Corner Stone Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

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

GRADE:
C+

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

GRADE:
C-

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

GRADE:
B+

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 Chartered1952
Employees15
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 Margin7.24%
Return on Assets0.27%
Return on Equity2.93%
Interest Income$1.08 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Corner Stone Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Corner Stone Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.75%$50k-IRA Money Market Account
0.30%$50k-Money Market Account

Corner Stone Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.02%$1k-Super Share Draft Account

Corner Stone Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
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
Locations


Corner Stone Credit Union Locations
Branch Office130 historic town sqlancaster, TX 75146
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