Cornerstone Community Federal Credit Union
LOCATIONS
5
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HEALTH RATING
A
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CURRENT TOP RATE
0.20% APY
5 Year Share Certificate
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Overview / Commentary
Cornerstone Community Federal Credit Union is headquartered in Lockport and is the 30th largest credit union in the state of New York. It is also the 639th largest credit union in the nation. It was established in 1957 and as of March of 2021, it had grown to 119 employees and 45,152 members at 5 locations. Cornerstone Community Federal Credit Union has an A health rating.
Field of Membership Restrictions
Cornerstone Community Federal Credit Union is open to anyone who lives, works, worships, goes to school or volunteers in Niagara County.
See current membership details
Health
A
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11723 |
| Year Chartered | 1957 |
| Employees | 119 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 6.69% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $554.6MM$454.6MM |
| Loans | Q1 2021vs Q1 2020 | $249.0MM$260.0MM |
| Deposits | Q1 2021vs Q1 2020 | $515.8MM$417.2MM |
| Equity Capital | Q1 2021vs Q1 2020 | $35.7MM$35.4MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $2.4MM$2.8MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $513.00K$703.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |