Cornerstone Community Federal Credit Union
LOCATIONS
6
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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 645th largest credit union in the nation. It was established in 1957 and as of December of 2020, it had grown to 118 employees and 45,486 members at 6 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 Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11723 |
| Year Chartered | 1957 |
| Employees | 118 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.51% |
| Return on Equity - YTD | 6.88% |
| Annual Interest Income | $14.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $515.2MM$441.5MM |
| Loans | Q4 2020vs Q4 2019 | $255.8MM$269.1MM |
| Deposits | Q4 2020vs Q4 2019 | $474.9MM$405.0MM |
| Equity Capital | Q4 2020vs Q4 2019 | $37.7MM$34.3MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $2.5MM$3.0MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $691.00K$1.2MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |