Cornerstone Financial Credit Union

Cornerstone Financial Credit Union Locations

1701 21st Avenue South
Nashville, TN 372120729
800.342.2316
www.cornerstonefinancialcu.org

NCUA

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Cornerstone Financial Credit Union is headquartered in Nashville and is the 16^st largest credit union in the state of Tennessee. It is also the 773^rd largest credit union in the nation. It was established in 1962 and as of December of 2012, it had grown to 94 employees and 29,040 members. Cornerstone Financial Credit Union has a 5-star health rating.

Cornerstone Financial Credit Union Routing Number: 264080811

4.30% 6-Month CD at Cornerstone Financial Credit Union in TN - 9/25/2008

Cornerstone Financial Credit Union is offering a special 6-month CD with a yield of 4.30% APY. The minimum deposit is $500. Higher yields are available for larger deposits: 4.35% APY for a $25K minimum and a 4.40% APY for a $50K minimum. This is also...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Cornerstone Financial Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.05%	$1k	-	CheckVantage Account

Cornerstone Financial Credit Union Savings Account Rates

Apy	Min	Max	Product
0.10%	$50	-	Share Savings Account
0.10%	$50	-	Special Savings Account
0.10%	$50	-	Christmas Savings Account
0.10%	$100	-	IRA Growth Account

Cornerstone Financial Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.20%	$50k	-	Money Market Account

Cornerstone Financial Credit Union CD Rates

Apy	Min	Max	Product
1.00%	$50k	-	48 Month Super Jumbo Certificate
0.95%	$25k	$50k	48 Month Jumbo Certificate
0.90%	$500	-	48 Month Certificate
0.90%	$50k	-	36 Month Super Jumbo Certificate
0.85%	$25k	$50k	36 Month Jumbo Certificate
0.80%	$500	-	36 Month Certificate
0.70%	$50k	-	24 Month Super Jumbo Certificate
0.65%	$25k	$50k	24 Month Jumbo Certificate
0.60%	$500	-	24 Month Certificate
0.60%	$50k	-	18 Month Super Jumbo Certificate
0.55%	$25k	$50k	18 Month Jumbo Certificate
0.50%	$500	-	18 Month Certificate
0.45%	$50k	-	12 Month Super Jumbo Certificate
0.40%	$25k	$50k	12 Month Jumbo Certificate
0.35%	$500	-	12 Month Certificate
0.35%	$50k	-	6 Month Super Jumbo Certificate
0.30%	$25k	$50k	6 Month Jumbo Certificate
0.25%	$500	-	6 Month Certificate
0.25%	$50k	-	90 Day Super Jumbo Certificate
0.20%	$25k	$50k	90 Day Jumbo Certificate
0.15%	$500	-	90 Day Certificate

Cornerstone Financial Credit Union IRA Rates

Apy	Min	Max	Product
1.00%	$50k	-	48 Month Super Jumbo IRA Certificate
0.95%	$25k	$50k	48 Month Jumbo IRA Certificate
0.90%	$500	-	48 Month IRA Certificate
0.90%	$50k	-	36 Month Super Jumbo IRA Certificate
0.85%	$25k	$50k	36 Month Jumbo IRA Certificate
0.80%	$500	-	36 Month IRA Certificate
0.70%	$50k	-	24 Month Super Jumbo IRA Certificate
0.65%	$25k	$50k	24 Month Jumbo IRA Certificate
0.60%	$500	-	24 Month IRA Certificate
0.60%	$50k	-	18 Month Super Jumbo IRA Certificate
0.55%	$25k	$50k	18 Month Jumbo IRA Certificate
0.50%	$500	-	18 Month IRA Certificate
0.45%	$50k	-	12 Month Super Jumbo IRA Certificate
0.40%	$25k	$50k	12 Month Jumbo IRA Certificate
0.35%	$500	-	12 Month IRA Certificate
0.35%	$50k	-	6 Month Super Jumbo IRA Certificate
0.30%	$25k	$50k	6 Month Jumbo IRA Certificate
0.25%	$500	-	6 Month IRA Certificate
0.25%	$50k	-	90 Day Super Jumbo IRA Certificate
0.20%	$25k	$50k	90 Day Jumbo IRA Certificate
0.15%	$500	-	90 Day IRA Certificate

Rates updated: 5/19/2013

Data for Q4 2012

Institution Statistics

CORNERSTONE FINANCIAL
NCUA #	67972
BankRate Report	View
Year Chartered	1962
Employees	94
Primary Regulator
Assets and Liabilities
Assets	$246.58 million
Loans	$153.48 million
Deposits	$219.38 million
Equity Capital	$22.69 million
Loan Loss Allowance	$1.29 million
Unbacked Noncurrent Loans	$1.02 million
Real Estate Owned	$40,000
Historic Data - December 2011
Assets	$233.25 million
Equity Capital	$21.04 million
Loan Loss Allowance	$1.15 million
Unbacked Noncurrent Loans	$1.10 million
Real Estate Owned	$316,000
Profit Margin - Quarterly
Net Interest Margin	5.64%
Return on Assets	0.52%
Return on Equity	5.63%
Interest Income	$9.18 million
Non-Interest Income	$4.32 million

Institution Health

Overall Score:

5 out of 5

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, 2012 Cornerstone Financial Credit Union had $1.06 million in non-current loans and owned real-estate with $23.98 million in equity and loan loss allowances on hand to cover it. This gives Cornerstone Financial Credit Union a Texas Ratio of 4.43% 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 Cornerstone Financial Credit Union decreased slightly from 6.37% as of December 31, 2011 to 4.43% as of December 31, 2012, resulting in a positive change of 30.45%.This indicates that the balance sheet and financial strength for Cornerstone Financial Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Cornerstone Financial Credit Union has increased its total deposits by $11.92 million, resulting in 5.75% 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 Cornerstone Financial Credit Union has shown is excellent.
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. Cornerstone Financial Credit Union has $246.58 million in assets with $23.98 million in equity, resulting in a capitalization level of 9.72%, which is average.