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Overview / Commentary
800-342-2316
1701 21st Ave s
Nashville, TN 37212-3703

Cornerstone Financial Credit Union is headquartered in Nashville and is the 16st largest credit union in the state of Tennessee. It is also the 757th largest credit union in the nation. It was established in 1962 and as of March of 2014, it had grown to 92 employees and 30,403 members. Cornerstone Financial Credit Union has a A health rating.

Field of Membership Restrictions

Must be a public or private school, college or university employee in Tennessee. Also open to those who live or work in Dickson, Franklin, Murfreesboro, Goodlettsville or any of the following zip codes: 37013, 37064, 37072, 37212, 37213, 37129 or 37130. - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Cornerstone Financial Credit Union had $1.32 million in non-current loans and owned real-estate with $26.16 million in equity and loan loss allowances on hand to cover it. This gives Cornerstone Financial Credit Union a Texas Ratio of 5.06% 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 Cornerstone Financial Credit Union experienced no significant changes from 4.25% as of March 31, 2013 to 5.06% as of March 31, 2014, resulting in a negative change of 19.15%. This indicates that the balance sheet and financial strength for Cornerstone Financial Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Cornerstone Financial Credit Union has increased its total deposits by $8.34 million, resulting in 3.65% 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

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. Cornerstone Financial Credit Union has $267.12 million in assets with $26.16 million in equity, resulting in a capitalization level of 9.79%, which is above average.

Institution Statistics

Overall
NCUA #67972
Year Chartered1962
Employees92
Primary Regulator
Assets and Liabilities
Assets$267.12 million
Loans$160.33 million
Deposits$236.86 million
Equity Capital$25.11 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$1.28 million
Real Estate Owned$40,000
Historic Data - March 2013
Assets$257.03 million
Equity Capital$23.06 million
Loan Loss Allowance$1.30 million
Unbacked Noncurrent Loans$1.28 million
Real Estate Owned$40,000
Profit Margin - Quarterly
Net Interest Margin1.24%
Return on Assets0.31%
Return on Equity3.28%
Interest Income$2.17 million
Rates

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

Cornerstone Financial Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.20%$50k-Money Market Account

Cornerstone Financial Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-CheckVantage Account

Cornerstone Financial Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$50k-48 Month Super Jumbo Certificate
0.95%$25k$50k48 Month Jumbo Certificate
0.90%$500-48 Month Certificate
0.90%$50k-36 Month Super Jumbo Certificate
0.85%$25k$50k36 Month Jumbo Certificate
0.80%$500-36 Month Certificate
0.70%$50k-24 Month Super Jumbo Certificate
0.65%$25k$50k24 Month Jumbo Certificate
0.60%$500-24 Month Certificate
0.60%$50k-18 Month Super Jumbo Certificate
0.55%$25k$50k18 Month Jumbo Certificate
0.50%$500-18 Month Certificate
0.45%$50k-12 Month Super Jumbo Certificate
0.40%$25k$50k12 Month Jumbo Certificate
0.35%$500-12 Month Certificate
0.35%$50k-6 Month Super Jumbo Certificate
0.30%$25k$50k6 Month Jumbo Certificate
0.25%$500-6 Month Certificate
0.25%$50k-90 Day Super Jumbo Certificate
0.20%$25k$50k90 Day Jumbo Certificate
0.15%$500-90 Day Certificate

Cornerstone Financial Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$50k-48 Month Super Jumbo IRA Certificate
0.95%$25k$50k48 Month Jumbo IRA Certificate
0.90%$500-48 Month IRA Certificate
0.90%$50k-36 Month Super Jumbo IRA Certificate
0.85%$25k$50k36 Month Jumbo IRA Certificate
0.80%$500-36 Month IRA Certificate
0.70%$50k-24 Month Super Jumbo IRA Certificate
0.65%$25k$50k24 Month Jumbo IRA Certificate
0.60%$500-24 Month IRA Certificate
0.60%$50k-18 Month Super Jumbo IRA Certificate
0.55%$25k$50k18 Month Jumbo IRA Certificate
0.50%$500-18 Month IRA Certificate
0.45%$50k-12 Month Super Jumbo IRA Certificate
0.40%$25k$50k12 Month Jumbo IRA Certificate
0.35%$500-12 Month IRA Certificate
0.35%$50k-6 Month Super Jumbo IRA Certificate
0.30%$25k$50k6 Month Jumbo IRA Certificate
0.25%$500-6 Month IRA Certificate
0.25%$50k-90 Day Super Jumbo IRA Certificate
0.20%$25k$50k90 Day Jumbo IRA Certificate
0.15%$500-90 Day IRA Certificate
Locations


Cornerstone Financial Credit Union Locations
Branch Office2100 Trenton rdClarksville, TN 37040-1609
Branch Office120 5th Ave NFranklin, TN 37064-2606
Branch Office200 Indian Lake BlvdHendersonville, TN 37075-6267
Branch Office130 W Northfield BlvdMurfreesboro, TN 37129
Branch Office1701 21st Ave sNashville, TN 37212-3703
Branch Office650 Highway 46 SDickson, TN 37055-2552