2. Cornerstone Community Financial Credit Union

Cornerstone Community Financial Credit Union


Overview / Commentary
www.ccfinancial.com
248-340-9310
2955 University Dr
Auburn Hills, MI 48326

Cornerstone Community Financial Credit Union is headquartered in Auburn Hills and is the 49th largest credit union in the state of Michigan. It is also the 839th largest credit union in the nation. It was established in 1951 and as of December of 2018, it had grown to 69 employees and 23,335 members at 6 locations. Cornerstone Community Financial Credit Union's money market rates are 36% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Cornerstone Community Financial CU of Michigan is open to anyone that does regular business in, business owners, residents, people maintaining employment, church members, and registered students in these Michigan Communities; Genesee, Jackson, Lapeer, Lenawee, Livingston, Macomb, Monroe, Oakland, St Clair, Washtenaw, and Wayne. Membership eligibility also extends to include the family members of CU members.
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Reviews (2)

So many fees

Posted by: MeSomebody | Jul 23, 2014

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 .

1

No Access To My Account When I Am Away From Home.

Posted by: vrushing | May 30, 2018

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.

1


Health
A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #68641
Year Chartered1951
Employees69
Primary Regulator
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD5.56%
Annual Interest Income$10.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$285.2MM$270.7MM
LoansQ4 2018vs Q4 2017$249.7MM$239.8MM
DepositsQ4 2018vs Q4 2017$230.1MM$224.2MM
Equity CapitalQ4 2018vs Q4 2017$36.7MM$34.6MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.3MM$1.8MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.4MM$1.7MM
Real Estate OwnedQ4 2018vs Q4 2017$116.00K$106.00K
Rates
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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.

Cornerstone Community Financial Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$50-IRA Share Account
0.10%$50-Savings Account
0.10%$50-Rainy Day Account
0.10%--Holiday Share Account

Cornerstone Community Financial Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$500k*-Money Market
OTHER TIERS: 0.10% → Up to $7.5k | 0.15% → $7.5k - $12.5k | 0.20% → $12.5k - $25k | 0.35% → $25k - $40k | 0.40% → $40k - $100k | 0.45% → $100k - $250k | 0.55% → $250k - $500k

Cornerstone Community Financial Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%-$15kChoice Cash (Rewards Checking)
2.02%*-$15kCORE Rewards Checking
OTHER TIERS: 0.27% → $15k+
0.20%$5k-Deluxe Business Checking
0.20%*$12.5k*-Business Analysis Checking
OTHER TIERS: 0.10% → $2.5k - $7.5k | 0.15% → $7.5k - $12.5k

Cornerstone Community Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.21%$50k-60 Month Jumbo Certificate
2.01%$1k-60 Month Share Certificate
1.96%$50k-48 Month Jumbo Certificate
1.76%$1k-48 Month Share Certificate
1.71%$50k-36 Month Jumbo Certificate
1.50%$1k-36 Month Share Certificate
1.30%$50k-24 Month Jumbo Certificate
1.25%$1k-24 Month Step- Up Certificate - 4th 6 Months
1.20%$50k-18 Month Jumbo Certificate
1.10%$1k-24 Month Share Certificate
1.00%$1k-18 Month Share Certificate
1.00%$50k-12 Month Jumbo Certificate
1.00%$1k-24 Month Step- Up Certificate - 3rd 6 Months
0.80%$1k-12 Month Share Certificate
0.75%$1k-24 Month Step- Up Certificate - 2nd 6 Months
0.60%$250-12 Month Youth Share Certificate
0.50%$1k-24 Month Step- Up Certificate - 1st 6 Months
0.30%$1k-6 Month Share Certificate
0.30%$250-6 Month Youth Share Certificate

Cornerstone Community Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.21%$50k-60 Month Jumbo IRA
2.01%$500-60 Month IRA
1.96%$50k-48 Month Jumbo IRA
1.76%$500-48 Month IRA
1.71%$50k-36 Month Jumbo IRA
1.50%$500-36 Month IRA
1.30%$50k-24 Month Jumbo IRA
1.20%$50k-18 Month Jumbo IRA
1.10%$500-24 Month IRA
1.00%$500-18 Month IRA
1.00%$50k-12 Month Jumbo IRA
0.80%$500-12 Month IRA
Locations


Cornerstone Community Financial Credit Union Locations
Branch Office2955 University DrAuburn Hills, MI 48326
Branch Office7291 BerniceCenter Line, MI 48015
Branch Office1785 Rochester RdTroy, MI 48083
Branch Office3001 W Big Beaver Rd Ste 108Troy, MI 48084
Branch Office30606 Woodward AveRoyal Oak, MI 48073
Branch Office28543 Oregon RdPerrysburg, OH 43551

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