Cornerstone Community Federal Credit Union
Overview / Commentary
Cornerstone Community Federal Credit Union is headquartered in Lockport and is the 31st largest credit union in the state of New York. It is also the 676th largest credit union in the nation. It was established in 1957 and as of December of 2022, it had grown to 130 employees and 43,490 members at 6 locations. Cornerstone Community Federal Credit Union has a B 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
B
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11723 |
| Year Chartered | 1957 |
| Employees | 130 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 15.82% |
| Annual Interest Income | $16.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $570.5MM$576.8MM |
| Loans | Q4 2022vs Q4 2021 | $333.7MM$243.7MM |
| Deposits | Q4 2022vs Q4 2021 | $545.6MM$534.5MM |
| Equity Capital | Q4 2022vs Q4 2021 | $21.9MM$39.5MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $2.3MM$2.3MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $1.6MM$526.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |