Cornerstone Community Financial Credit Union is headquartered in Auburn Hills and is the 50th largest credit union in the state of Michigan. It is also the 836th largest credit union in the nation. It was established in 1951 and as of June of 2023, it had grown to 87 employees and 23,887 members at 7 locations. Cornerstone Community Financial Credit Union's money market rates are 70% higher than the national average, and it has a B+ health rating.
Membership in Cornerstone Community Financial is open to individuals who live, work, worship, regularly do business in, or attend school anywhere in Michigan or the Ohio counties of Fulton, Henry, Lucas, Ottawa, Sandusky, or Wood. Immediate family member of current Cornerstone members are also eligible.
See current membership details
I've used this bank for a while now, back in the Mopar days.
Inside their branch (Auburn Hills at least), it's very well organized and calm for meeting with loan officers, getting things notarized, etc.
They almost always have good loan rates for auto, home. They usually have a good special on something like an 17 month CD, things like that.
Their app is good quality, comparable or beats all my other banking apps. A little slow to update when logging in sometimes. Messaging works great in it as they are quick to answer and can do things like change the type of checking account, open CD, have CD not autorenew with just a couple messages and maybe an email.
I joined this bank several years ago. At first it was for a specific dollar amount deposit each week into the saving's. It earned some money so I decided to open a checking. That's when the fees really started to happen. Weekly the bank would have a computer error and I would have to call the bank to straiten it out. High fee's for transfers and the loan terms were not good either. Customer service had dropped and I was finally fed up when the bank had to refund me over 50 dollars in fees and a customer service representative had the nerve to call me crazy. I closed the account and actually saved money. The absolute best part is that my local branch was hit by a tornado when the bank was closed , Nobody was hurt and I am glad about it. It's about time mother nature took care of it .
I have checking/savings accounts at Cornerstone, and now that they have changed their system whereas I cannot log into my account unless I on my home computer (because I do not have a cell phone number to provide to them). Contrary to popular belief, everyone does not have a cell phone. I have a land line and cannot receive texts to give me a code to log into my account when I am away from home and on a different computer. I am a member at a different credit union, and they have the option to use an email address to get a code when you are away from home. Cornerstone's practice is biased to me because I do not have a cell phone.
Overall | |
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NCUA # | 68641 |
Year Chartered | 1951 |
Employees | 87 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.83% |
Return on Equity - YTD | 7.04% |
Annual Interest Income | $9.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $400.2MM$372.5MM |
Loans | Q2 2023vs Q2 2022 | $339.0MM$303.2MM |
Deposits | Q2 2023vs Q2 2022 | $305.9MM$309.0MM |
Equity Capital | Q2 2023vs Q2 2022 | $47.9MM$46.0MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$1.3MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $2.3MM$1.4MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Cornerstone Community Financial Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | $50 | - | IRA Share Account | |
0.05% | $50 | - | Savings Account | |
0.05% | $50 | - | Rainy Day Account | |
0.05% | $50 | - | Holiday Share Account | |
0.05% | $50 | - | Round-Up Rewards Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.02%* | - | $15k | Rewards Checking | ||
OTHER TIERS: 0.05% → $15k+ | |||||
2.02%* | - | $15k | CORE Rewards Checking | ||
OTHER TIERS: 0.05% → $15k+ | |||||
0.10% | $7.5k | - | Clear Business Checking |
Cornerstone Community Financial Credit Union Locations | ||
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Branch Office | 2955 University Dr | Auburn Hills, MI 48326 |
Branch Office | 7291 Bernice | Center Line, MI 48015 |
Branch Office | 28543 Oregon Rd | Perrysburg, OH 43551 |
Branch Office | 1785 Rochester Rd | Troy, MI 48083 |
Branch Office | 30606 Woodward Ave | Royal Oak, MI 48073 |
Branch Office | 44911 Mound Rd | Sterling Heights, MI 48314 |
Branch Office | 4400 Heatherdowns Blvd | Toledo, OH 43614-3147 |